fortress investment group

SoFi Technologies Inc (NASDAQ:SOFI) is lighting up the trading floor, with a striking 9% leap to $9.80 by 11 AM ET on Oct. 14. The surge follows the company's $2 billion loan agreement with Fortress Investment Group to ramp up its loan platform business. With shares already up 2.23% year-to-date...

Restaurant company Red Lobster is nearing an exit from Chapter 11 bankruptcy, which was announced earlier this year. What Happened: News of Red Lobster declaring bankruptcy prompted a mix of memories from consumers who had visited the restaurants over the year, including the world's richest...

Shares of First Foundation Inc. (NYSE:FFWM), a Texas-based regional bank facing commercial real-estate risks, dropped significantly on Wednesday after it received some badly needed help from a group of investors led by Fortress Investment Group. The stock closed at $6.58 a share on Tuesday but fell...

Crypto exchange FTX (CRYPTO: FTT) is actively seeking to reestablish its principal international exchange platform. This initiative comes in the wake of the company's turmoil due to allegations regarding the loss of nearly $9 billion of client funds before it crumbled last year. John J. Ray III...

Vice Media, a one-time digital publishing titan, filed for Chapter 11 bankruptcy on Monday, marking a dramatic fall from grace for a company once valued at $5.7 billion. The Details: Vice's bankruptcy filing does not signal an end to its operations, however. Its various businesses, including the...

Multi-state cannabis operator, Revolution Global, on Thursday welcomed finance industry veteran and cannabis investor Jared Cohen as its new head of corporate development.  For over 15 years Cohen had been building his investment acumen across both private and public...

Detroit is making progress on its Wall Street infiltration. Real-estate finance firm Bloomfield Capital recently opened a regional office in Connecticut and expanded its team to include two senior-level employees from East Coast investment firms, according to a Monday press release. “The...

Short interest in a number of stocks surged in the most recent settlement period. Two precious metals miners were among those stocks leading that trend in the final weeks of March. Shares of both of them rose in the period, as did the broader markets. As the first quarter drew to a close, it...

Top Stories Milwaukee Bucks Sold To Hedge Fund Managers For $550 Million The Bucks finished the season with the NBA's worst record (15-67), the team's ninth season in the last 10 years with a sub-.500 record. Enter Marc Lasry and Wesley Edens. Lasry is the chairman and CEO of the Avenue Capital...

It is not unusual for stocks on a tear to overrun their mean price targets, which is a signal of how far analysts on average expect the share price to climb. Some of the top-performing financial stocks over the past six months that pay dividends, such as CapLease (NYSE: LSE), NYSE Euronext (NYSE...