[tds_menu_login inline="yes" guest_tdicon="td-icon-profile" logout_tdicon="td-icon-log-out" tdc_css="eyJwaG9uZSI6eyJtYXJnaW4tcmlnaHQiOiIyMCIsIm1hcmdpbi1ib3R0b20iOiIwIiwibWFyZ2luLWxlZnQiOiI2IiwiZGlzcGxheSI6IiJ9LCJwaG9uZV9tYXhfd2lkdGgiOjc2N30=" toggle_hide="eyJwaG9uZSI6InllcyJ9" ia_space="eyJwaG9uZSI6IjAifQ==" icon_size="eyJhbGwiOjI0LCJwaG9uZSI6IjIwIn0=" avatar_size="eyJwaG9uZSI6IjIwIn0=" show_menu="yes" menu_offset_top="eyJwaG9uZSI6IjE4In0=" menu_offset_horiz="eyJhbGwiOjgsInBob25lIjoiLTMifQ==" menu_width="eyJwaG9uZSI6IjE4MCJ9" menu_horiz_align="eyJhbGwiOiJjb250ZW50LWhvcml6LWxlZnQiLCJwaG9uZSI6ImNvbnRlbnQtaG9yaXotcmlnaHQifQ==" menu_uh_padd="eyJwaG9uZSI6IjEwcHggMTVweCA4cHgifQ==" menu_gh_padd="eyJwaG9uZSI6IjEwcHggMTVweCA4cHgifQ==" menu_ul_padd="eyJwaG9uZSI6IjhweCAxNXB4In0=" menu_ul_space="eyJwaG9uZSI6IjYifQ==" menu_ulo_padd="eyJwaG9uZSI6IjhweCAxNXB4IDEwcHgifQ==" menu_gc_padd="eyJwaG9uZSI6IjhweCAxNXB4IDEwcHgifQ==" menu_bg="var(--news-hub-black)" menu_shadow_shadow_size="eyJwaG9uZSI6IjAifQ==" menu_arrow_color="rgba(0,0,0,0)" menu_uh_color="var(--news-hub-light-grey)" menu_uh_border_color="var(--news-hub-dark-grey)" menu_ul_link_color="var(--news-hub-white)" menu_ul_link_color_h="var(--news-hub-accent-hover)" menu_ul_sep_color="var(--news-hub-dark-grey)" menu_uf_txt_color="var(--news-hub-white)" menu_uf_txt_color_h="var(--news-hub-accent-hover)" menu_uf_border_color="var(--news-hub-dark-grey)" f_uh_font_size="eyJwaG9uZSI6IjEyIn0=" f_uh_font_line_height="eyJwaG9uZSI6IjEuMyJ9" f_uh_font_family="eyJwaG9uZSI6IjMyNSJ9" f_links_font_size="eyJwaG9uZSI6IjEyIn0=" f_links_font_line_height="eyJwaG9uZSI6IjEuMyJ9" f_links_font_family="eyJwaG9uZSI6IjMyNSJ9" f_uf_font_size="eyJwaG9uZSI6IjEyIn0=" f_uf_font_line_height="eyJwaG9uZSI6IjEuMyJ9" f_uf_font_family="eyJwaG9uZSI6IjMyNSJ9" f_gh_font_family="eyJwaG9uZSI6IjMyNSJ9" f_gh_font_size="eyJwaG9uZSI6IjEyIn0=" f_gh_font_line_height="eyJwaG9uZSI6IjEuMyJ9" f_btn1_font_family="eyJwaG9uZSI6IjMyNSJ9" f_btn1_font_weight="eyJwaG9uZSI6IjcwMCJ9" f_btn1_font_transform="eyJwaG9uZSI6InVwcGVyY2FzZSJ9" f_btn2_font_weight="eyJwaG9uZSI6IjcwMCJ9" f_btn2_font_transform="eyJwaG9uZSI6InVwcGVyY2FzZSJ9" f_btn2_font_family="eyJwaG9uZSI6IjMyNSJ9"]
14.8 C
New York
[tds_menu_login guest_tdicon="td-icon-profile" logout_tdicon="td-icon-log-out" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJkaXNwbGF5IjoiIn19" toggle_txt_color="var(--news-hub-white)" menu_offset_top="eyJhbGwiOiIxOSIsImxhbmRzY2FwZSI6IjE3IiwicG9ydHJhaXQiOiIxNSJ9" menu_offset_horiz="eyJhbGwiOi02LCJsYW5kc2NhcGUiOiItMyIsInBvcnRyYWl0IjoiLTIifQ==" menu_horiz_align="content-horiz-right" menu_bg="var(--news-hub-black)" menu_uh_color="var(--news-hub-light-grey)" menu_uh_border_color="var(--news-hub-dark-grey)" menu_ul_link_color="#ffffff" menu_ul_link_color_h="var(--news-hub-accent-hover)" menu_ul_sep_color="var(--news-hub-dark-grey)" menu_uf_txt_color="var(--news-hub-white)" menu_uf_txt_color_h="var(--news-hub-accent-hover)" menu_uf_border_color="var(--news-hub-dark-grey)" f_uh_font_family="325" f_uh_font_line_height="1.3" f_links_font_family="325" f_links_font_line_height="1.3" f_uf_font_line_height="1.3" f_uf_font_family="325" menu_uh_padd="eyJhbGwiOiIyMHB4IDI1cHggMThweCIsImxhbmRzY2FwZSI6IjE1cHggMjBweCAxM3B4IiwicG9ydHJhaXQiOiIxMHB4IDE1cHggOHB4In0=" menu_ul_padd="eyJhbGwiOiIxOHB4IDI1cHgiLCJsYW5kc2NhcGUiOiIxNnB4IDIwcHgiLCJwb3J0cmFpdCI6IjhweCAxNXB4In0=" menu_ul_space="eyJhbGwiOiIxMCIsImxhbmRzY2FwZSI6IjgiLCJwb3J0cmFpdCI6IjYifQ==" menu_ulo_padd="eyJhbGwiOiIxOHB4IDI1cHggMjBweCIsImxhbmRzY2FwZSI6IjEzcHggMjBweCAxNXB4IiwicG9ydHJhaXQiOiI4cHggMTVweCAxMHB4In0=" menu_shadow_shadow_size="0" menu_arrow_color="rgba(255,255,255,0)" menu_width="eyJhbGwiOiIyMjAiLCJwb3J0cmFpdCI6IjE4MCJ9" show_version="" menu_gh_padd="eyJhbGwiOiIyMHB4IDI1cHggMThweCIsImxhbmRzY2FwZSI6IjE1cHggMjBweCAxM3B4IiwicG9ydHJhaXQiOiIxMHB4IDE1cHggOHB4In0=" menu_gc_padd="eyJhbGwiOiIxOHB4IDI1cHggMjBweCIsImxhbmRzY2FwZSI6IjEzcHggMjBweCAxNXB4IiwicG9ydHJhaXQiOiI4cHggMTVweCAxMHB4In0=" menu_gh_color="var(--news-hub-light-grey)" menu_gh_border_color="var(--news-hub-dark-grey)" f_gh_font_family="325" menu_gc_btn1_bg_color="var(--news-hub-accent)" menu_gc_btn1_bg_color_h="var(--news-hub-accent-hover)" menu_gc_btn2_color="var(--news-hub-accent)" menu_gc_btn2_color_h="var(--news-hub-accent-hover)" f_btn1_font_family="325" f_btn1_font_transform="uppercase" f_btn2_font_family="325" f_btn2_font_transform="uppercase" f_btn1_font_weight="700" f_btn2_font_weight="700" show_menu="yes" f_uf_font_size="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTIifQ==" icon_color="var(--news-hub-white)" icon_size="eyJhbGwiOjIyLCJsYW5kc2NhcGUiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==" avatar_size="eyJhbGwiOiIyMiIsImxhbmRzY2FwZSI6IjIwIiwicG9ydHJhaXQiOiIxOCJ9" ia_space="eyJhbGwiOiIxMCIsImxhbmRzY2FwZSI6IjgiLCJwb3J0cmFpdCI6IjYifQ==" f_toggle_font_family="325" f_toggle_font_size="eyJhbGwiOiIxNCIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMiJ9" logout_size="eyJhbGwiOjE0LCJsYW5kc2NhcGUiOiIxMyJ9" f_uh_font_size="eyJsYW5kc2NhcGUiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_links_font_size="eyJsYW5kc2NhcGUiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_gh_font_size="eyJsYW5kc2NhcGUiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ=="]

Apple Might Launch Its Own Smart Home Camera As It Focuses On Providing A More Integrated Product Experience For Its Users

Apple is increasingly focusing on building its own devices and expanding its ecosystem by taking steps towards a more native experience for users and relying less on third-party accessories. While the Cupertino-based tech giant's HomePod and AppleTV have left quite the mark in the smart home category, it generally relies more on outsourcing cameras and other hardware for smart homes. Now, a new report suggests that the company intends to create a fully integrated experience by developing its own smart home accessories. Gurman hints about Apple working on making smart home products like security cameras for a more integrated experience […]

Best of Black Friday 2024 – power stations and bundles: Anker SOLIX, Bluetti, EcoFlow, Jackery

We’re continuing our Best of Black Friday posts today with a look at the best current deals on power stations and their respective bundle options. Folks across the country and beyond have been steadily investing more and more in the industry for a vari...

World Of Warcraft Is Finally Getting Player Homes After 20 Years

Blizzard has announced that two decades after its release, World of Warcraft is finally going to let players build a home and live in it. The feature has long been requested by WoW players and now it’s finally coming in the game’s next expansion.Read m...

ArenaNet To Release ‘Godspawn’ Update for Guild Wars 2: Janthir Wilds on November 19, Featuring New 50-Player Titan Battle and More

Guild Wars 2: Janthir Wilds will receive the Godspawn update, adding a new 50-player boss battle, a new 10-player raid, and a legendary spear. Guild Wars 2: Janthir Wilds is getting the first major update "Godspawn" on November 19th, expanding the story with new story chapters The MMORPG Guild Wars 2 by ArenaNet is receiving its first major update for the Janthir Wilds expansion soon. It's the first of three major updates, and it'll land on November 19. The update will add new content to the game for the players. The Janthir Wilds expansion DLC was released in August this year, […]

SpaceX Runs Surprise Starship Tests Ahead Of Third Flight Attempt

After having spent a busy week launching payloads for the U.S. government and private customers, SpaceX is keeping up the pace with its Starship testing activities in Boca Chica, Texas. While SpaceX had to wait for months between its first and second Starship tests last year, the time between the third and second tests is less since it has made the required changes to the pad and secured approval from the relevant government agencies. Now, within days after it shipped its Starship booster and ship for the third test flight to the launch pad, SpaceX kicked off activities at the […]

Morgan Stanley: Oral GLP-1 Weight Loss Drug Can Propel Eli Lilly and Company to a $1 Trillion Valuation

Eli Lilly and Company (NYSE: LLY) can become the first biopharma company to reach the $1 trillion valuation threshold, courtesy of an under-trial orally administered GLP-1 drug, Orforglipron, as per the latest investment note from Morgan Stanley. $LLY Eli Lilly Has Upside, May Reach $1 Trillion, Says Morgan Stanley (Bloomberg) - PT raised to a Street-high $950 from $805; shares closed at $757.78 on Thursday pic.twitter.com/0LgV0KfrLv — Christian Fromhertz 🇺🇸 (@cfromhertz) February 16, 2024 To wit, Morgan Stanley's Terence Flynn sees Orforglipron's phase three trial results, due in 2025, as a key catalyst for Eli Lilly and Company, paving the […]

Nancy Pelosi Makes Over $1.4 Million on Her NVIDIA Call Options in Just 84 Days

Ask any financial guru for a recipe for success, and the answer is likely to contain a variation of the following maxim: never fight the big boys - or gals, in our case. For, the Democratic party heavyweight, Nancy Pelosi, is a veritable shark in bait-rich waters, with a stellar stock-picking record and a long litany of service. Now, as NVIDIA continues to scale ever-increasing heights, Nancy Pelosi's bullish bet on the stock is literally minting gold. Nancy Pelosi bought 50 call options on NVIDIA on the 22nd of November, 2023. The career politician disclosed this trade on the 22nd […]

Trump-Linked Digital World To Announce Its Merger Date “Within Two Business Days” as Its Form S-4/a Becomes Effective

Finally, the news that Digital World investors were waiting for emerges! The SPAC has now cleared its last major hurdle and is all set to announce the date on which its shareholders will approve the proposed merger with Trump Media and Technology Group (TMTG), the entity behind the Truth Social platform. The SEC has now declared Digital World's Form S-4 effective, which is usually considered an "all engines go" signal from the apex financial regulator. Accordingly, the SPAC has announced that it will unveil the date for a special meeting of its shareholders "within two business days" where the shareholders […]

Space Succesfully Sends Nova-C Odysseus Lunar Lander To Space

SpaceX's latest NASA launch saw it complete two launches in less than twelve hours, and both were non-Starlink payloads. NASA launched its second lunar lander mission from the Kennedy Space Center in Florida less than an hour after midnight today after partnering up with Intutivive Machines for a lunar lander that will use a powerful engine to speed up its journey. Intuitive Machines's Nova-C lander is the second launch under NASA's Commercial Lunar Payload Services (CLPS) program, and the lander is due to land on the Moon later this month. As part of its preparations for today's mission, Intuitive Machines, […]

Bitcoin’s Stock-To-Flow (S2F) Model Validated as the Cryptocurrency Becomes Bigger Than Tesla, Walmart, and Berkshire Hathaway

What a vindication for Bitcoin's bulls! Despite the greater part of the financial community gleefully pronouncing Bitcoin's obituary for the umpteenth time in 2022/2023, the world's pre-eminent cryptocurrency has again roared in defiance, zooming past the $1 trillion valuation for the first time since December 2021. Many thought the launch of spot Bitcoin ETFs in the US would mark the top for the crypto sector in general. Those prognostications, however, have proved to be egregiously wrong. As shown in the above snippet, these ETFs have now attracted $3.89 billion in net inflows, providing a robust tailwind to Bitcoin's latest flight. […]

SpaceX To Launch Rocket Engine With Its Rocket As Part Of NASA’s Moon Mission

After an eventful start to the year for its Moon exploration plans that saw the first U.S. attempt at a lander since the Apollo era make a valiant yet unsuccessful attempt to land on the celestial body, the National Aeronautics and Space Administration (NASA) is ready to give the Moon another shot. NASA, SpaceX and Intuitive Machines are due to launch Intuitive's lunar lander to the Moon just after midnight tomorrow, and officials from the trio shared details for the launch at a media conference held earlier today. SpaceX Explains Changes To Falcon 9 Launch Profile For Lunar Lander Mission […]

Nvidia Has Added the Entire Value of Tesla to Its Market Cap Since January 01, but the Stock’s Dotcom Bubble Analog Suggests Further Gains...

NVIDIA shall conquer all, it seems, and match the mind-boggling valuations seen just before the Dotcom bubble burst - the only threat on the horizon: the Federal Reserve's intransigence on cutting the benchmark interest rate. $NVDA ❖ NVIDIA'S MARKET VALUE SURPASSES AMAZON FOR THE FIRST TIME IN TWO DECADES — *Walter Bloomberg (@DeItaone) February 12, 2024 As we noted in a dedicated post yesterday, NVIDIA briefly eclipsed the market capitalization of both Google's parent, Alphabet, as well as Amazon's. BREAKING: Nvidia, $NVDA, is now the 4th most valuable public company in the world, worth $1.84 trillion. Today, Nvidia's market cap […]

Elon Musk Spills The Beans On SpaceX’s Third Starship Test Flight

SpaceX's Starship rocket is on track for a March test flight attempt, according to fresh statements from the firm's chief Elon Musk. The second week of February saw renewed activities at the company's test facilities in Boca Chica, Texas, as SpaceX shipped its latest rocket booster to the launch pad. These rockets will make it to the third test flight, called the Starship Integrated Test Flight (IFT-3), and according to Musk, the rocket should be ready for yet another launch in at least three weeks. Elon Musk Shares Fresh Details For Starship Launch As SpaceX Continues Launch Site Testing Footage […]

NVIDIA Back On Earth After Briefly Beating Alphabet, Amazon On Stock Market

Even though its shares delivered double digit percentage growth in 2023, NVIDIA's stock is in no mood to slow down this year as the A.I. frenzy continues to take Wall Street by storm. Despite the fact that less than two months have passed in 2024, its shares are already up by nearly 53% year to date, as multiple news reports and a broader feverish climate for artificial intelligence maintain its hold on Wall Street. This unbounded optimism has not only made NVIDIA one of the most valuable companies in the world, but it has also transformed the firm into the […]

JP Morgan Analysts Want You to Short Coinbase and, by Extension, Bitcoin, but Do They Really?

Wall Street is quite notorious for not always walking the talk: its analysts might publicly recommend a particular course of action, but that does not necessarily mean that the banks' internal trading teams follow that "fount of wisdom." A recent investment note from JP Morgan has again raised the proverbial hackles of Bitcoin bulls, especially as the note hammers on a thesis that is superficially accurate but lacks proper context. Short Coinbase $COIN, says JPMorgan, as Bitcoin ETF volumes disappoint: "Highlighting our more bearish view on COIN, with 2024 expected to be more challenging with the key catalyst of a […]

Digital World (DWAC) Promises Trump Media and Technology Group (TMTG) Juicy Bonuses and Earnout Shares To Stick With the Merger Agreement

The SPAC Digital World (NASDAQ: DWAC) is now rolling out the proverbial red carpet and offering various bells and whistles to the Trump Media and Technology Group (TMTG), the entity that controls the Truth Social platform, to entice its increasingly recalcitrant partner to continue to stick with their merger agreement. As per a fresh filing with the SEC, Digital World is offering cumulative cash bonuses of $6.38 million to attract and retain "employees and other personnel associated with TMTG." Provided that certain conditions are met, the SPAC has agreed to issue this cash bonus once the agreed-upon merger between Digital […]

Tag: Finance

SpaceX Runs Surprise Starship Tests Ahead Of Third Flight Attempt

After having spent a busy week launching payloads for the U.S. government and private customers, SpaceX is keeping up the pace with its Starship testing activities in Boca Chica, Texas. While SpaceX had to wait for months between its first and second Starship tests last year, the time between the third and second tests is less since it has made the required changes to the pad and secured approval from the relevant government agencies. Now, within days after it shipped its Starship booster and ship for the third test flight to the launch pad, SpaceX kicked off activities at the […]

Morgan Stanley: Oral GLP-1 Weight Loss Drug Can Propel Eli Lilly and Company to a $1 Trillion Valuation

Eli Lilly and Company (NYSE: LLY) can become the first biopharma company to reach the $1 trillion valuation threshold, courtesy of an under-trial orally administered GLP-1 drug, Orforglipron, as per the latest investment note from Morgan Stanley. $LLY Eli Lilly Has Upside, May Reach $1 Trillion, Says Morgan Stanley (Bloomberg) - PT raised to a Street-high $950 from $805; shares closed at $757.78 on Thursday pic.twitter.com/0LgV0KfrLv — Christian Fromhertz 🇺🇸 (@cfromhertz) February 16, 2024 To wit, Morgan Stanley's Terence Flynn sees Orforglipron's phase three trial results, due in 2025, as a key catalyst for Eli Lilly and Company, paving the […]

Nancy Pelosi Makes Over $1.4 Million on Her NVIDIA Call Options in Just 84 Days

Ask any financial guru for a recipe for success, and the answer is likely to contain a variation of the following maxim: never fight the big boys - or gals, in our case. For, the Democratic party heavyweight, Nancy Pelosi, is a veritable shark in bait-rich waters, with a stellar stock-picking record and a long litany of service. Now, as NVIDIA continues to scale ever-increasing heights, Nancy Pelosi's bullish bet on the stock is literally minting gold. Nancy Pelosi bought 50 call options on NVIDIA on the 22nd of November, 2023. The career politician disclosed this trade on the 22nd […]

Trump-Linked Digital World To Announce Its Merger Date “Within Two Business Days” as Its Form S-4/a Becomes Effective

Finally, the news that Digital World investors were waiting for emerges! The SPAC has now cleared its last major hurdle and is all set to announce the date on which its shareholders will approve the proposed merger with Trump Media and Technology Group (TMTG), the entity behind the Truth Social platform. The SEC has now declared Digital World's Form S-4 effective, which is usually considered an "all engines go" signal from the apex financial regulator. Accordingly, the SPAC has announced that it will unveil the date for a special meeting of its shareholders "within two business days" where the shareholders […]

Space Succesfully Sends Nova-C Odysseus Lunar Lander To Space

SpaceX's latest NASA launch saw it complete two launches in less than twelve hours, and both were non-Starlink payloads. NASA launched its second lunar lander mission from the Kennedy Space Center in Florida less than an hour after midnight today after partnering up with Intutivive Machines for a lunar lander that will use a powerful engine to speed up its journey. Intuitive Machines's Nova-C lander is the second launch under NASA's Commercial Lunar Payload Services (CLPS) program, and the lander is due to land on the Moon later this month. As part of its preparations for today's mission, Intuitive Machines, […]

Bitcoin’s Stock-To-Flow (S2F) Model Validated as the Cryptocurrency Becomes Bigger Than Tesla, Walmart, and Berkshire Hathaway

What a vindication for Bitcoin's bulls! Despite the greater part of the financial community gleefully pronouncing Bitcoin's obituary for the umpteenth time in 2022/2023, the world's pre-eminent cryptocurrency has again roared in defiance, zooming past the $1 trillion valuation for the first time since December 2021. Many thought the launch of spot Bitcoin ETFs in the US would mark the top for the crypto sector in general. Those prognostications, however, have proved to be egregiously wrong. As shown in the above snippet, these ETFs have now attracted $3.89 billion in net inflows, providing a robust tailwind to Bitcoin's latest flight. […]

SpaceX To Launch Rocket Engine With Its Rocket As Part Of NASA’s Moon Mission

After an eventful start to the year for its Moon exploration plans that saw the first U.S. attempt at a lander since the Apollo era make a valiant yet unsuccessful attempt to land on the celestial body, the National Aeronautics and Space Administration (NASA) is ready to give the Moon another shot. NASA, SpaceX and Intuitive Machines are due to launch Intuitive's lunar lander to the Moon just after midnight tomorrow, and officials from the trio shared details for the launch at a media conference held earlier today. SpaceX Explains Changes To Falcon 9 Launch Profile For Lunar Lander Mission […]

Nvidia Has Added the Entire Value of Tesla to Its Market Cap Since January 01, but the Stock’s Dotcom Bubble Analog Suggests Further Gains...

NVIDIA shall conquer all, it seems, and match the mind-boggling valuations seen just before the Dotcom bubble burst - the only threat on the horizon: the Federal Reserve's intransigence on cutting the benchmark interest rate. $NVDA ❖ NVIDIA'S MARKET VALUE SURPASSES AMAZON FOR THE FIRST TIME IN TWO DECADES — *Walter Bloomberg (@DeItaone) February 12, 2024 As we noted in a dedicated post yesterday, NVIDIA briefly eclipsed the market capitalization of both Google's parent, Alphabet, as well as Amazon's. BREAKING: Nvidia, $NVDA, is now the 4th most valuable public company in the world, worth $1.84 trillion. Today, Nvidia's market cap […]

Elon Musk Spills The Beans On SpaceX’s Third Starship Test Flight

SpaceX's Starship rocket is on track for a March test flight attempt, according to fresh statements from the firm's chief Elon Musk. The second week of February saw renewed activities at the company's test facilities in Boca Chica, Texas, as SpaceX shipped its latest rocket booster to the launch pad. These rockets will make it to the third test flight, called the Starship Integrated Test Flight (IFT-3), and according to Musk, the rocket should be ready for yet another launch in at least three weeks. Elon Musk Shares Fresh Details For Starship Launch As SpaceX Continues Launch Site Testing Footage […]

NVIDIA Back On Earth After Briefly Beating Alphabet, Amazon On Stock Market

Even though its shares delivered double digit percentage growth in 2023, NVIDIA's stock is in no mood to slow down this year as the A.I. frenzy continues to take Wall Street by storm. Despite the fact that less than two months have passed in 2024, its shares are already up by nearly 53% year to date, as multiple news reports and a broader feverish climate for artificial intelligence maintain its hold on Wall Street. This unbounded optimism has not only made NVIDIA one of the most valuable companies in the world, but it has also transformed the firm into the […]

JP Morgan Analysts Want You to Short Coinbase and, by Extension, Bitcoin, but Do They Really?

Wall Street is quite notorious for not always walking the talk: its analysts might publicly recommend a particular course of action, but that does not necessarily mean that the banks' internal trading teams follow that "fount of wisdom." A recent investment note from JP Morgan has again raised the proverbial hackles of Bitcoin bulls, especially as the note hammers on a thesis that is superficially accurate but lacks proper context. Short Coinbase $COIN, says JPMorgan, as Bitcoin ETF volumes disappoint: "Highlighting our more bearish view on COIN, with 2024 expected to be more challenging with the key catalyst of a […]

Digital World (DWAC) Promises Trump Media and Technology Group (TMTG) Juicy Bonuses and Earnout Shares To Stick With the Merger Agreement

The SPAC Digital World (NASDAQ: DWAC) is now rolling out the proverbial red carpet and offering various bells and whistles to the Trump Media and Technology Group (TMTG), the entity that controls the Truth Social platform, to entice its increasingly recalcitrant partner to continue to stick with their merger agreement. As per a fresh filing with the SEC, Digital World is offering cumulative cash bonuses of $6.38 million to attract and retain "employees and other personnel associated with TMTG." Provided that certain conditions are met, the SPAC has agreed to issue this cash bonus once the agreed-upon merger between Digital […]

Recent articles

spot_img