The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In Nigeria, home of the largest digital asset economy in Africa, a feud has been developing…
The legal battle between the SEC and Ripple stems from the SEC’s allegation that Ripple engaged in unregistered securities sales, specifically through institutional sales of XRP. In a recent filing dated January 11, 2024, the US Securities and Exchange Commission (SEC) has requested specific documents from Ripple Labs Inc as part of the ongoing legal proceedings…
funky-data Shares of American Express (NYSE:AXP) have been a solid performer over the past year, rising about 10%. Since I last wrote about the company in October 2022, shares have returned 26%, justifying my buy rating. Given this run, now is an appropriate time to consider whether shares have further upside or if investors should…
JHVEPhoto/iStock Editorial via Getty Images Shares of CenterPoint Energy (NYSE:CNP) have been a poor performer over the past year, losing about 10% of their value. Higher interest rates have been a significant contributor to this, with higher-rates making dividend-oriented stocks less attractive as well as leading investors to worry about the feasibility of cap-ex programs….
wildpixel Thesis overview Karyopharm’s (NASDAQ:KPTI) lead candidate is selinexor, which has a novel mechanism of action. It acts as a selective inhibitor of nuclear export by binding to exporting 1 (XPO1). KPTI has been the leader in targeting this pathway and has successfully developed selinexor, with 3 approvals so far; in penta-refractory multiple myeloma, in…
gerenme/iStock via Getty Images Louisiana-Pacific Corporation (NYSE:LPX) reported better-than-expected quarterly net sales and EPS, and management continues to show new corporate transformation initiatives. Already with a significant amount of cash in the balance sheet and a decent current ratio, I believe that the recent acquisition, sale of assets, and closure of certain businesses indicate that…
Omer Messinger Aeronautical engineer Rolls-Royce (OTCPK:RYCEF) has sharply improved its business performance lately. The share price has also been doing very well. Indeed, they are up 184% over the past year (although that still leaves them 13% lower than five years ago). I last covered the name with my June “hold” piece Rolls-Royce: No Obvious…
Brandon Bell Shares of Nordstrom (NYSE:JWN) have been a poor performer over the past year, losing about 30% of their value as the company has battled through excess inventory, stagnating consumer demand, and an exit from its Canadian operations. Ultimately, the company is still lagging behind its peers on inventory improvement, and so I see…
Binance will reportedly pay no less than $4 billion in fines to keep operating in the United States. Binance Holding Ltd may have reportedly reached a settlement agreement with the United States Justice Department (DoJ). That is according to a recent report by Bloomberg. Citing sources with inside knowledge of the matter, the report claims…
With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level exits from Binance and…
JariJ Swedish telecommunications giant, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) faces a challenging landscape with a 10% YoY sales drop, a net loss, and ongoing negative cash flow in its latest Q3 2023 financial report . Uncertainty in the economic market has led to the company refraining from providing 2024 guidance. While Ericsson remains a significant industry…
David Becker Given Ouster’s (NYSE:OUST) acquisition of Velodyne in 2023, investors might struggle to regard Ouster as an affiliate of a 2020 settlement agreement to address Hesai’s (HSAI) infringement of Velodyne’s patents. However, this was the conclusion of the International Trade Commission’s (ITC) review of the initial determination made by the Administrative Law Judge when…
chameleonseye PayPal Holdings, Inc.’s (NASDAQ:PYPL) recent financial performance showcased impressive momentum with a rise in net revenues and notable improvements in GAAP and non-GAAP operating income. The company observed growth in its Total Payment Volume (TPV) and transaction count, pointing to a bolstered transactional base. Active account numbers also slightly increased, emphasizing the company’s prominence…
A substantial group of Evergrande’s offshore creditors is considering joining a liquidation court petition against the developer if it fails to submit a new debt restructuring plan by the end of October. The embattled Chinese property developer Evergrande witnessed a substantial surge in its shares as trading resumed in Hong Kong following a brief suspension…
Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million. The former Celsius Chief Executive Officer (CEO) Alex Mashinsky faces more financial hurdles after United States Judge Jed S. Rakoff ordered his assets to be frozen as the criminal case with the Department…
Lemon_tm Recession forecasts continue to swirl in some corners of the economics profession, but early econometric estimates for third-quarter GDP data suggest that the expansion will persist for now. US output for the July-through-September period is expected to rise 2.0% for GDP’s seasonally adjusted annualized change, based on the median estimate via several sources compiled…