123light/E+ via Getty Images MSP Recovery (NASDAQ:LIFW) has had a turbulent history since its 2022 SPAC merger which initially valued the healthcare claims recovery specialist at $37 billion. A string of disappointing results failed to justify that lofty valuation, and some ongoing legal disputes have driven shares to a nearly catastrophic 90% decline over the…
JLGutierrez Overshadowed by the hotter than expected CPI print, initial jobless claims at least came in healthier than expected this morning. Initial claims came in at 202K, down 1K from last week’s upwardly revised level of 203K. At current levels, initial claims are down near some of the lowest levels of the past year. Zooming…
da-kuk Friday morning’s release of initial jobless claims disappointed relative to expectations as they climbed up to 218K versus expectations for an increase to only 210K from last week’s reading of 206K. At current levels, jobless claims are rounding out 2023 in the middle of the past couple of years’ range: not as strong as…
If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year. In a recent filing made on December 27 in the United States Bankruptcy Court for the District of Delaware, FTX debtors have unveiled estimates of the US Dollar…
The Bureau of Economic Analysis reported that GDP increased at a 4.9% annualized rate in Q3, slightly below the previously reported 5.2% pace. The latest report from the United States Labor Department reveals a marginal increase in weekly jobless claims, with the number rising by 2,000 to 205,000 for the week ending December 16. While…
JLGutierrez Thursday morning’s release of Jobless claims came right in line with estimates of 220K and is only marginally higher than last week’s upwardly revised number of 219K. On a four-week moving average basis, claims have totaled 220.75K, matching the level from three weeks ago. As we noted last week, before seasonal adjustment, claims usually…
JLGutierrez Initial jobless claims experienced a 22K drop last week (after a 2K upward revision this week), the largest one-week decline since June 24th. Claims experienced a modest rebound in the most recent print rising back to 218K. At that level, claims are in the middle of the past couple of years’ range which is…
JLGutierrez Among a large slate of economic data released on Thursday morning, jobless claims disappointed, with both initial and continuing claims coming in higher than expected. For initial claims, the seasonally adjusted number rose meaningfully from an upwardly revised 218K last week to 231K. That compares with expectations of a more modest increase to 222K….
Solana argues that an attacker would still need the permission of the phone owner to gain entry. Solana has responded to claims by blockchain security firm CertiK that there is a security threat to its Saga phone. In a Wednesday video post on X, CertiK alleged that the holders of the smartphone may be exposed…
The tech giant also announced that the latest version of ERNIE has been integrated into its suite of services. Chinese technology company Baidu has unveiled the latest version of its generative artificial intelligence (AI) model ERNIE 4.0. The company claims that ERNIE 4.0’s capabilities now match those of OpenAI’s GTP-4 model. The upgrade was announced…
Parradee Kietsirikul/iStock via Getty Images At a Glance In light of the recent CUNY findings implicating Professor Hoau-Yan Wang in “egregious misconduct,” Cassava Sciences (NASDAQ:SAVA) faces a daunting challenge that has repercussions far beyond just reputational damage. Building on my previous analysis, which concluded with a “Strong Sell” recommendation due to concerns over a “lack…
Market participants have been particularly attentive to any signals that the Federal Reserve may continue to raise interest rates. A recent report from the Labor Department has revealed that initial filings for jobless claims or unemployment benefits for the week ended September 30th reached a seasonally adjusted 207,000. While this statistic represents a 2000 rise…
Andrei Askirka The latest update of jobless claims was broadly positive, with both initial and continuing claims moving lower by more than expected. Although initial claims were revised up by 1K to 229K last week, this week’s reading fell down to 216K. That means claims have broken down out of the past several months range,…
3AC stated that BlockFi’s efforts to downsize its claims might infringe upon the bankruptcy protection it received through Chapter 15. Troubled crypto lender BlockFi is looking to push back the efforts from FTX and Three Arrows Capital (3AC) in order to recover billions of dollars of funds. In its court filings on Monday, August 21,…
JLGutierrez By Lindsey Cwik While week-to-week claims data can be highly volatile, broader momentum indicates a robust labor market. Fraudulent applications, seasonal anomalies and antiquated state unemployment insurance systems have recently called into question the reliability of the Department of Labor’s Unemployment Insurance (UI) Weekly Claims report. These idiosyncratic factors have been sources of distortion…