El Salvador has mined nearly 474 bitcoins worth around $29 million since September 2021 using geothermal energy from the Tecapa volcano, official data revealed. This boosts the country’s total bitcoin holdings to 5,750 BTC valued at over $360 million. JUST IN: 🇸🇻 El Salvador mined nearly 474 #bitcoin worth $29 million using volcano-fueled geothermal power…
Chinese authorities have kicked off plans to sell Rmb1tn ($140bn) of long-dated bonds, as Beijing ramps up spending to stimulate the economy. The People’s Bank of China has asked brokers for advice on pricing the sale of the first batch of the sovereign bonds, according to two people who received requests. China’s government announced plans…
ryasick British American Tobacco (NYSE:BTI) (OTCPK:BTAFF), together with the larger tobacco sector, has fallen into a major consolidation in the last year, creating an engagement opportunity for investors with a long-term investment horizon. British American Tobacco’s alternative products categories, Vuse especially, is seeing impressive growth, indicating that the company has considerable revenue and gross profit…
Sundry Photography Introduction & Investment Thesis CrowdStrike (NASDAQ:CRWD) is a cybersecurity company that has outperformed the S&P 500 and Nasdaq 100 YTD. The company reported its Q4 FY24 earnings in March, where revenue and earnings grew 36% and 85.9% YoY, beating expectations. The company continues to drive new customer deals at a rapid pace while…
JamesBrey Blackstone Secured Lending (NYSE:BXSL) convinces with its strong net investment income trajectory, a low pay-out ratio, top loan quality, a growing net asset value as well as a commitment to raising the quarterly dividend. Although I am not chiefly a BDC investor, I believe Blackstone Secured Lending makes a very strong value proposition for…
The Himalayan nation of Bhutan plans to expand its Bitcoin mining operations fivefold ahead of the impending halving event in April. BREAKING: 🇧🇹 Kingdom of Bhutan to increase mining capacity 6x ahead of the #Bitcoin halving to 600 megawatts. Nation state FOMO is setting in 🙌 pic.twitter.com/kLsU3fGk0U — Bitcoin Magazine (@BitcoinMagazine) April 5, 2024 According…
bjdlzx Baytex Energy Corp. (NYSE:BTE) management reported a significant increase in cash flow compared to what it would have been had the company not acquired Ranger Oil (ROCC). The fourth quarter cash flow represented more than half of the cash flow for the fiscal year. This is now a light oil upstream company. The market…
Maxxa_Satori Impinj (NASDAQ:PI), a provider of RFID hardware and software solutions, struggled for much of 2023 with the stock suffering major losses, but PI has been able to recoup most of the losses with a powerful rally that has seen the stock more than double in value. However, the rally stalled in recent weeks with…
Xiaolu Chu Tesla (NASDAQ:TSLA) has been given a big boost in recent months which has been ignored by Wall Street. Another major player in the self-driving industry has faced a barrage of safety concerns and will likely scale down its ambitions. GM’s (GM) Cruise had received approval in August to start its round-the-clock robotaxi service…
stanciuc By Jason Callan, Senior Portfolio Manager, Head of Core and Core Plus, Co-Head of Structured Assets; Ryan Osborn, CFA, Senior Portfolio Manager, Co-head of Structured Assets As interest rates rose, U.S. consumers remained resilient due to robust balance sheets, but will this last? While cracks are beginning to appear, we see potential opportunities within…
beast01/iStock via Getty Images Thesis Summary Behind the scenes, literally, of many TV stations across America is one parent company that is often under-covered in analyst coverage, so to change gears from my usual financial or consumer products stocks today I’m “switching the channel” to cover Nexstar Media Group (NASDAQ:NXST). I rated the stock a…
To incentivize early adoption, BitCountry is offering an exclusive opportunity for the first 1,000 users to free-mint their BitAvatar IDs without requiring an Invite Code. BitCountry, the pioneering Polkadot parachain project dedicated to developing immersive metaverse communities, is set to introduce BitAvatar, a Universal Avatar identity accompanied by an NFT-bound wallet to the Polkadot community…
The Volan upgrade brings significant alterations to the on-chain inflation parameters of INJ, aiming for a long-term goal of enhancing the deflationary nature of INJ. Injective, a Layer 1 blockchain built on the Cosmos network, has rolled out a significant mainnet upgrade named Volan. This upgrade is anchored in the integration of a software module…
The funding boost will accelerate Poe, Quora’s AI chat platform, as it carves a niche in the creator economy, allowing AI bot creators to monetize their efforts. Quora, the popular questions and answers platform, has successfully raised $75 million in funding from Andreessen Horowitz (a16z), marking its first funding round in nearly seven years. The…
nathaphat Thesis I was initially interested in buying Pfizer (NYSE:PFE) but after deeper research, I got more and more reluctant to pull the trigger. So I am rating it a ‘Neutral/Hold’ for now. Here’s my narrative for Pfizer: Pfizer needs new revenue streams in a post-COVID world with patent cliffs on the horizon Patent cliffs…
Robert Way Investor Confidence in China takes a hit but we remain bullish on a messy bottoming phase for their economy If you are an investor with a traditional long-term approach in China, no doubt there has been disappointment and even frustration in the outcomes from the past 2 years. I do believe the investing…
deliormanli As China’s pharmaceutical sector battles through tough times, some biotechs are still managing to push ahead with novel drugs and make money along the way. HBM Holdings Ltd. (OTCPK:HBMHF) (2142.HK), for one, has found strength in numbers, striking drug development agreements with a host of prominent partners. On Friday came news of another licensing-out…
Dilok Klaisataporn Introduction With 2023 coming to a close and the FED hinting at three rate cuts in 2024, I think next year is shaping up to be a great one for income investors. Especially those who hold positions in REITs. Many know this year was a volatile one for the sector but the headwinds…
Justin Sullivan After the initial hype around Meta’s (NASDAQ:META) Threads in the initial phase, we have seen slower addition of new users. However, the recent controversies surrounding X, formerly called Twitter, will likely help Meta significantly. Elon Musk has used expletives while referring to advertisers who have canceled their advertising on X. This will increase…
Brandon Bell/Getty Images News December 11 ended up being a very interesting day for shareholders of energy giant Occidental Petroleum (NYSE:OXY). Shares of the company closed up about 1% after news broke that the company entered into an agreement to acquire privately owned CrownRock in a deal valued at $12 billion. According to management, this…
mikkelwilliam/iStock via Getty Images Retailers are hoping for a boost from this year’s holiday shopping season even as many consumers face higher living costs. MoneyTalk’s Greg Bonnell discusses with Chris Graja, Senior Analyst, Retail with Argus Research. Transcript Greg Bonnell: Holiday shopping season is upon us, but after an earnings season where many retailers warned…
CGinspiration By Yanick Loirat, PhD While spreads have tightened within Europe’s periphery, that trend could continue in a soft-landing scenario. As European inflation fears continue to cool, some investors are convinced that the European Central Bank (ECB) has completed its latest hiking cycle in line with a soft economic landing central scenario. That outcome, in…
franckreporter In my thesis on United States Cellular (USM) in August where I valued the company at $5.67 billion, I had evoked the possibility of the company being acquired by either T-Mobile (NASDAQ:TMUS), AT&T (T), or Verizon (VZ), or as part of a consortium of acquirers. This was after the wireless carrier started exploring strategic…
The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC. Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on October 24, will…
Matrixport’s analysis suggests that if Tether’s (USDT) market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoin’s price could rise to $42,000, representing a conservative estimate. A recent report from the crypto financial services platform Matrixport suggests that the approval of BlackRock’s Bitcoin Exchange Traded Fund (ETF) could propel the…
The Adidas Q3 financial success and better full-year forecast demonstrate the brand’s tenacity and adaptation in the fast-paced world of sportswear and design. Adidas AG (ETR: ADS), the renowned German sportswear giant, has made headlines as its shares climbed 4% during early European trading hours this morning, largely thanks to the unexpected success of its…
Coinbase noted that the recent action is part of its efforts to enhance overall market health and consolidate liquidity. One of the world’s largest crypto exchanges Coinbase Global Inc (NASDAQ: COIN) has been taking measures in order to boost liquidity on the platform. As a result of this, Coinbase has suspended a total of 80…
Delta AirLines see strong demand for international travel during the fourth quarter of 2023. However, rising fuel costs can eat into the company’s profits. In their latest update, Delta Air Lines (NYSE: DAL) reported that their profits jumped by a staggering 60% during the third quarter (Q3 2023) as the travel demand remained strong during…
Today, Blockstream, a global leader in Bitcoin infrastructure, announced a partnership with Swan Bitcoin, a prominent Bitcoin-only financial services company, to launch Swan Vault, enabling customers to safeguard their Bitcoin via collaborative custody, according to a press release sent to Bitcoin Magazine. Swan Vault is powered by Blockstream Jade, an open-source Bitcoin hardware wallet. “Integrating…
The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers. Decentralized blockchain platform The Open Network (TON), initially designed by Telegram, has recently secured major funding from the crypto exchange MEXC. Venture Capital arm MEXC Ventures has pumped a total of 8 figures into TON,…
dontree_m In this article, we are going to discuss two dividend securities that we think are great for income investors. We think these two picks are reasonably safe choices that yield nearly 8%. As such, an 8% yield should suffice the needs of most income investors, but we recommend that you use/withdraw 5% to 6%…
Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch. Crypto.com, a Singapore-based digital assets trading platform, has formed a strategic alliance with PayPal and Paxos to strengthen its global standing as the preferred exchange for the PayPal stablecoin PYUSD. The move builds…
Francesco Scatena/iStock via Getty Images Preamble The next time you chow down on a pizza or burger, you may want to consider the packaging in which it arrives. Specifically, consider why the paper doesn’t fall to bits after being drenched in the grease that inevitably flows from a beef patty or a bunch of freshly…
In addition to Flows, WhatsApp is taking steps to empower businesses with payment solutions. B2B customers in India can now make payments to companies within the chat using their preferred payment methods. In an eagerly awaited announcement, WhatsApp, a subsidiary of Meta Platforms Inc (NASDAQ: META) has unveiled its latest feature, “Flows”. This innovation promises…
Amboss, a leading data analytics provider for the Bitcoin Lightning Network (LN), has unveiled a new subscription service called Hydro, designed to automate liquidity management for the LN, according to a press release sent to Bitcoin Magazine. This enables businesses to seamlessly receive payments through the Lightning Network without requiring expertise in LN operations or relinquishing custody…
bymuratdeniz/E+ via Getty Images Theravance Biopharma (NASDAQ: NASDAQ:TBPH) is an intriguing player in the healthcare sector, committed to transforming treatment paradigms for patients suffering from serious illnesses. The company’s diversified portfolio, driven by internally-developed targeted therapeutics, has the potential to yield high returns while mitigating risk. Though Theravance’s involvement on numerous fronts in the medical…
Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after climbing 82.86%, according to data…
China’s efforts to support and revive its property sector took a notable turn recently with a series of monetary policy adjustments to provide relief to the struggling real estate market. Hong Kong-listed property stocks took the market by storm earlier today, outpacing all expectations and driving the Hang Seng Index (INDEXHANGSENG: HSI) to the top…
WANAN YOSSINGKUM/iStock via Getty Images Environmental, social, and governance (ESG) ratings should reflect the risks that such factors pose to a company’s financial performance and how well-equipped that company is to manage those risks. Such ratings may assess carbon emissions (E), health and safety in the workplace (S), and executive compensation structures (G), among other…
The exchange has also inquired about the market makers’ information and their willingness to allocate up to 5% of their circulating tokens to Binance’s saving pools, in exchange of earning interest. The world’s largest crypto exchange Binance is making some unconventional moves in order to boost the trading activity on the platform. Recently, the exchange…
Justin Sullivan Like many tech peers, Salesforce (NYSE:CRM) joined the artificial intelligence bandwagon. The company has already integrated generative AI into its product suites including its new offering Slack GPT. CRM continues to show resilient revenue growth while it drives stronger operating margins. The company maintains a net cash balance sheet and is repurchasing stock….
DjordjeDjurdjevic Introduction In my personal opinion, the active development of AI can have a significant impact on a huge number of companies, one of which is H&R Block (NYSE:HRB). Despite the fact that the company’s shares are currently under pressure, I believe that we now have an attractive entry point for opening long positions. In…
Space and Time’s Proof of SQL aims to inject a new layer of credibility into the data sources used for training LLMs. In an era where decentralized technologies are reshaping industries and empowering innovation, Space and Time, a Web 3.0 startup, has emerged as a pioneering force in the field of decentralized data solutions. Per…
AMD is gearing up for its AI progress and is pushing to launch its top-notch MI300 AI chips in the last quarter of the year. On Tuesday, August 1, Advanced Micro Devices Inc (NASDAQ: AMD) posted moderately better-than-expected results for the second quarter earnings. AMD reported non-GAAP earnings of 57 cents per share for the…
Receive free BNP Paribas SA updates We’ll send you a myFT Daily Digest email rounding up the latest BNP Paribas SA news every morning. Litigation and restructuring costs dragged on BNP Paribas’s revenue and net income in the second quarter, even as the French bank profited from rising interest rates across its businesses and charges…