winhorse/iStock Unreleased via Getty Images Elevator Pitch Nomura Holdings, Inc. (NYSE:NMR) [8604:JP] shares are rated as a Buy, My earlier write-up published on February 1, 2024 analyzed Nomura Holdings’ Q3 FY 2024 (YE March 31, 2024) financial performance. I preview NMR’s Q4 FY 2024 financial results and assess the growth outlook for the company’s Americas…
simonkr/E+ via Getty Images These are interesting times for the electric vehicle market. As I just wrote about in an article published recently, Rivian Automotive (RIVN) seems to be facing an existential crisis, while other companies like Ford Motor Company (F) are bracing for weak demand. Increased competition is pushing prices down, and consumers are…
Charday Penn/E+ via Getty Images It has been over 4 years since my last CRISPR Therapeutics (NASDAQ:CRSP) article when I was hesitant about gathering a heavy CRSP position due to the ticker’s premium valuation, volatility, and the company’s young pipeline. Yet, I was optimistic about the company’s prospects of their expansive pipeline, and partnerships. Despite…
Maksym Belchenko/iStock via Getty Images The operator of the Tim Hortons chain in China is falling behind its aggressive expansion plans amid disagreement with the brand’s owner about new investment Donut anyone? You won’t find many of those – if any – at Tim Hortons restaurants in China these days, after the chain’s local operator…
patpitchaya Celsius Holdings, Inc. (NASDAQ:CELH) investors have seen the stock continuing to defy gravity, notwithstanding my caution on CELH in my previous update in December 2023. After suffering a momentary decline of more than 30% from CELH’s September 2023 as it bottomed out at the $48 level, buyers returned aggressively. Consequently, CELH outperformed the S&P…
Skeezer/E+ via Getty Images Finding an effective treatment for Alzheimer’s disease reminds me of the classical game labyrinth: no matter how long and how hard one tries, the ball always falls through a hole rather than making it to the end. Annovis (NYSE:ANVS) CEO Maria Maccecchini has a very logical approach to attacking Alzheimer’s disease…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Swiss cement giant Holcim is near a deal to separate out its North American business, according to people familiar with the matter. The company could announce its plans in the coming days, the people…
The planned IPO also poses a test for Reddit users to show their loyalty to the platform. Reddit, the renowned social media platform, is on the brink of launching its initial public offering (IPO) in March to enter the stock market after three years of contemplation. According to a Reuters Thursday report citing people familiar…
fcafotodigital Dear readers/followers, In this article, I’m not going to talk about any one specific investment – instead, I’m going to be talking about mindset and macro/high-level strategy for success. I do a number of these articles each year, and their purpose is always a similar one. Update you, dear subscribers/readers, on my considerations, goals,…
Polkastarter outlined its mission for 2024, which is to level the playing field for a fairer financial system. Polkastarter (POLS), a popular decentralized fundraising platform, has stated its ambitious plans for 2024 and highlighted that it would be its best year yet. With an optimistic outlook, Polkastarter aims to revolutionize early-stage fundraising and make Web…
SpaceX has become one of the most valuable companies in the United States, dominating the market for commercial space launch services, primarily due to the success of its Falcon rockets. Elon Musk‘s aerospace company SpaceX is in discussions to sell insider shares via a new tender, potentially valuing the privately held firm at around $175…
Jenny Johnson, the President and CEO of Franklin Templeton managing assets over $1.3 trillion, highlighted the pivotal role of tokenization in the financial sector during the Fortune Global Forum in Abu Dhabi. Following Franklin Templeton’s recent application for a Bitcoin ETF, Johnson’s remarks signify a broader recognition of blockchain technology’s potential, particularly in democratizing private…
JPMorgan’s managing director Tyrone Lobban noted that the new system has processed over $900 billion in assets since launch. Top executives from US-based financial services companies JPMorgan Chase and Apollo Global Management have revealed their plans for the tokenized enterprise mainnet, developed in collaboration with the Monetary Authority of Singapore (MAS). The duo worked together…
Following his recent guilty plea and forthcoming sentencing, former Binance CEO Changpeng Zhao has outlined potential next steps, including crypto investments in biotech research. Changpeng Zhao announced his resignation as CEO of Binance after leading the cryptocurrency exchange since its inception. This news comes on the heels of a settlement with US regulators over Binance’s…
Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. India is seeking to revive underground coal mining as it tries to boost production to meet the country’s fast-growing energy needs despite international pressure to phase down use of the polluting fossil fuel….
JHVEPhoto Celestica (NYSE:CLS) produced very strong Q3 numbers a couple of weeks ago, yet the stock fell due to revenue guidance. However, the stock has rebounded and is looking to make new highs. Celestica has grown shareholder value and is expecting to see 20%+ EPS growth in 2023. I fully expect the strong EPS growth…
Boyaa Interactive, a Hong Kong-based gaming company, revealed plans for a potential investment in cryptocurrencies, including Bitcoin, as this endeavor seeks to enhance the Group’s asset allocation strategy. Following an earlier voluntary announcement in August 2023, Boyaa’s Board views BTC and crypto acquisition as pivotal for its business expansion and asset allocation strategy. The company…
The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing…
When Musk took over the social media giant last year, he revealed his plans to make the platform an everything app, offering users opportunities to “send money anywhere in the world instantly in real-time.” Elon Musk, the visionary entrepreneur and CEO of Tesla Inc (NASDAQ: TSLA) and SpaceX, is spearheading a groundbreaking initiative that aims…
Polygon Labs called the launch of the Polygon token a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. In an announcement on Wednesday, October 25, Polygon Labs announced the launch of its new Polygon Token, POL, on the Ethereum blockchain network. The POL token’s purpose is to succeed…
At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry. Seychelles-based cryptocurrency exchange Bitget is taking part in the Future Blockchain Summit being held in Dubai from October 15…
Sean Anthony Eddy Deals and Financings Jiangsu QYuns Therapeutics filed for a Hong Kong IPO to underwrite development of its portfolio of clinical-stage biologic antibody drugs for autoimmune and allergic diseases (see story). The company has developed a pipeline of nine candidates using its rabbit-based discovery platform that it expects will be more affordable than…
The preliminary estimates for the third quarter revealed that Rivian has cash and cash equivalent of about $9.1 billion as of September 30. Rivian Automotive Inc (NASDAQ: RIVN) shares closed Thursday trading at $18.27, down 22.88 percent from the day’s opening price after the company reported high-impact news in the past few days. On October…
Intel is making a strong push in the semiconductor industry with FPGAs, which can be highly flexible, efficient, and used in various industries, are in high demand. Chip-making giant Intel is planning to treat its programmable chip unit as a standalone business. As a result, the company is going to spin out an Initial Public…
Crypto integration into Xbox also has the potential to onboard millions to crypto, further propelling adoption. Recently leaked internal documents suggest that Microsoft plans to integrate crypto wallets into its Xbox gaming console. The documents were posted on the gaming forum ResetEra and reveal that an Xbox roadmap from May 2022 featured plans to add…
In early 2024, NASA, along with Florida-based startup Lonestar and the Isle of Man, plans to send a payload to the Moon containing “data cubes” whose contents will be authenticated using blockchain technology when they return to Earth. In February 2024, the United States National Aeronautics and Space Administration (NASA), in collaboration with Lonestar, a…
Ripple’s expansion plans come months after its partial victory in its ongoing legal battle with the US SEC. In a strategic move aimed at addressing ongoing regulatory issues in the United States, Ripple, a blockchain payment company, is gearing up to significantly expand its workforce in international markets. In an interview with CNBC on September…
Polestar is trying to create an experience where you can be using an app on your mobile phone and then continue with the app in your car. Polestar, a subsidiary of the Chinese automaker Geely, is preparing to begin production of its Polestar 4 electric cars this year, with a particular focus on the Chinese…
Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the…
The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers from North Korea. According…
Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report…
The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem. Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an…
The Indian billionaire highlighted during Reliance’s annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock. Jio Financial Services Ltd (India, Bombay: 543940), a subsidiary of Mukesh Ambani-run Indian conglomerate Reliance Industries Ltd (India, Bombay: 500325), is officially expected to enter the merchant lending and insurance industries. The…
As Australia deliberates the potential implementation of CBDC, the central bank’s report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country’s payment ecosystem. As the global financial landscape continues its rapid evolution, the Reserve Bank of Australia (RBA) has concluded its pilot program for a central…
Coinbase noted that Tether’s USDT doesn’t meet their listing standards for Canada and thus they decided to suspend the stablecoin. By the end of this month on August 31, crypto exchange Coinbase has decided to suspend the trading of Tether’s USDT stablecoin along with DAI, and RAI, for Canadian users. The crypto exchange sent an…
The new Celsius company will operate Celsius’ mining operations while taking over private equity, institutional loans, and venture capital investments. As per the latest Bloomberg report bankrupt crypto lender Celsius Network LLC has started polling its account holders to restart a new user-owned company. Soon after getting approval from US Bankruptcy Judge Martin Glenn, Celsius…
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…
Meanwhile, Google is not alone in its pursuit of enhancing AI-powered virtual assistants. Google is gearing up for a significant upgrade to its virtual personal assistant, Google Assistant, designed to help users perform simple tasks on their smartphones. The company plans to upgrade the product using advanced generative AI technology to improve its capabilities. According…
John Wreford/iStock Editorial via Getty Images It has only been a little under four months since I last covered global hotelier Accor (OTCPK:ACRFF) (OTCPK:ACCYY), but with half a year of operating results behind us plus updated near and medium-term guidance, there have been enough developments here to warrant an update. These shares have done well…
Sundar Pichai revealed that the company was planning to use new AI models to automate some customer services. Alphabet‘s second-quarter earnings report released on Tuesday shows that the company surpassed revenue and profit expectations despite challenges such as a plunging digital advertisement market and the emergence of AI-powered chatbots. Shares rose about 7% in after-hours…