Skip to main content

DGW News

Focus Media Slammed by Fraud Charges From Muddy Waters

Muddy Waters Research alleges that Focus Media has been overstating the number of LCD screens in its network by 50%.

The 5 Dumbest Things on Wall Street: June 24

Here is this week's roundup of the dumbest actions on Wall Street.

Bigtime Investors Lose Big on China

As the China-stock fraud scandal continues to widen, bulge-bracket banks and blue-chip fund managers are getting swept along for the ride.

China Fraud Plot Thickens With Fake SEC Suit

A well-known short-seller who focuses on fraud among China stocks and reverse mergers was the victim of a hoax Tuesday

Harbin Electric Shares Cut in Half

Shares of Harbin Electric plunge as Citron Research issued another report questioning whether a deal to buy out the company will come to pass.

Breaking News

Elon Musk Throws Dogecoin a Lifeline

Elon Musk will soon allow Dogecoin to purchase SpaceX merchandise.

Disney Fans Angry, Excited About New Guardians of the Galaxy Ride

The theme park company has opened Guardians of the Galaxy: Cosmic Rewind and not everyone is happy despite the ride getting wonderful reviews.

Aurora Cannabis Slashing Weed Capacity in Profitability Push

Aurora is slashing its production capacity as it builds a runway toward positive Ebitda a year from now.

Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.