Kittisak Kaewchalun /iStock via Getty Images Back in December, I wrote an article on REX American Resources Corporation (NYSE:REX), suggesting to sell it after its run in Q3 and that Q4 won’t be as good. While the stock did pull back a bit after Q3 and Q4 wasn’t quite as good as Q3, it was…
RyanJLane/iStock via Getty Images Large Institutional Investment in NYCB: On Wednesday March 6th, New York Community Bancorp, Inc. (NYSE:NYCB) received a $1.05 billion investment led by former Treasury Secretary Steve Mnuchin’s Liberty Strategic Capital, Reverence Capital, and Hudson Bay Capital. Details of the investment are below. Mnuchin Group Investment in NYCB (Company Presentation) The common…
marcoventuriniautieri/iStock Unreleased via Getty Images Introduction In response to my late 2023 article on Tesla, Inc. (TSLA) and the Detroit Three automakers, a reader posted an intriguing comment: “Solid state batteries are going to render Musk’s Gigafactory worthless…” The resulting comment thread essentially debated solid state batteries, developers of such batteries like QuantumScape Corporation (QS),…
Bloomberg/Bloomberg via Getty Images By Breakingviews The stock-market hype around artificial intelligence turns out to be contagious. SoundHound (SOUN), a company that makes AI-powered voice assistants for cars and customer-service lines, got a 76% share price boost on Thursday thanks to a newly disclosed investment from $1.8 trillion chipmaker Nvidia (NVDA). It’s sensible for Nvidia…
Although Bitcoin has outperformed XRP in 2023, there is the chance that XRP could follow in Bitcoin’s footsteps for a December bull run. Bitcoin has had a relatively good year, returning more than 144% to investors since January. The king coin has also climbed nearly 14% in the past month and about 10% since December…
DNY59 Thesis Summary In 2022, everyone was expecting a recession in 2023. Now, we are one month away from ending the year, and there is no recession in sight. In fact, we have seen plenty of evidence to suggest quite the opposite. The US economy is doing very well for now. With that said, things…
Each of Bankman’s other crimes carries a maximum prison sentence of between 5 to 20 years. The five-week-long criminal trial of former FTX CEO Sam Bankman-Fried (SBF) has finally concluded. Sam Bankman-Fried, who was charged with multiple counts of fraud and criminal conspiracy, has been found guilty of all seven charges against him. The decision…
Changpeng Zhao, the CEO of Binance, one of the world’s largest Bitcoin and crypto exchanges, has expressed his belief that the next Bitcoin halving, scheduled for 2024, could usher in a period of renewed price growth. Bitcoin halvings, which occur approximately every four years, are pivotal events in the cryptocurrency’s history. During these events, the rate…
Douglas Rissing When planning to write this article, I was thinking about how to name it properly so that the title that would be chosen would be able to efficiently convey my message. After spending some time thinking about what title to choose, I came across a famous phrase by Warren Buffett that he used…
Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments. Payments giant Visa Inc (NYSE: V) will rely on multiple blockchains in the future. This is according to a blog post by the company’s Head of Crypto Cuy Sheffield dated September 6. In the post, Sheffield also spoke on…
DNY59 The ZIM Investment Thesis Have Been Well Supported At $12s We previously covered ZIM Integrated Shipping (NYSE:ZIM) in May 2023, discussing its mixed prospects then, due to the uncertain macroeconomic outlook, impacted TEU rates, and subsequent dividend cut. Then again, we had iterated our warning that anyone expecting anything different from ZIM might have…
Travel Faery/iStock Editorial via Getty Images Investment thesis Last year, TORM plc (NASDAQ:TRMD) was one of the primary beneficiaries of the sanctions against the Russian oil exports caused by the war in Ukraine. These disruptions significantly affected all transportation routes and favorably disrupted marine transportation tariffs. The company earned record profits last year, but the…