Bitcoin climbed above $64,000 on June 12, showing signs of bullish momentum with technical patterns like an inverse head-and-shoulders and rising open interest. This challenges Galaxy Digital's forecast that the cryptocurrency's cycle bottom may not occur until Q4 2026. Despite ETF outflows and some bearish metrics, traders are increasingly optimistic, with key resistance near $64,900 being a critical level to watch. A breakout above this could lead to higher targets around $68,500 and $70,000, but failure to break resistance may validate Galaxy's caution about further downside risks.
SL BIO Ltd. has finalized its merger with Horizon Space Acquisition II and will begin trading on Nasdaq under the ticker SLBT. The deal, valuing SL BIO at about $5.57 billion and including $7.8 million in PIPE financing, provides capital to develop i...
The Carlyle Group has acquired South Korea's Chung Ho Group, a home and healthcare appliance rental platform, for $700 million, driven by inheritance tax issues and lack of heirs. Meanwhile, GoHealth, a digital health and Medicare insurance marketpla...
Abbott's board announced a quarterly dividend of 63 cents per share, marking the company's 410th consecutive quarterly dividend since 1924. This consistent dividend payment underscores Abbott's long-standing commitment to returning value to sharehold...
A fire destroyed Medline's 1 million-square-foot medical equipment warehouse in Tracy, California, affecting about 4% of its U.S. warehouse space. The blaze caused inventory losses and disrupted operations, creating short-term margin pressure as the ...
SpaceX is choosing to focus on long-term growth rather than immediate profitability, similar to Amazon's approach in its early years. Experts say SpaceX could be profitable now if it reduced spending on projects like Starship and AI infrastructure, b...
