David Tait, CEO of the World Gold Council, expressed his personal belief that Bitcoin will eventually go to zero, based purely on instinct as a trader rather than analytical reasoning. He noted that Bitcoin has failed to act as a hedge against risk assets during crises, instead correlating with them. Tait suggested investors holding either gold or Bitcoin should hold both, as they offset each other. Meanwhile, he highlighted that gold's price rally is driven by fears over unsustainable sovereign debt rather than wars or tariffs. The World Gold Council is also developing a digital platform to make physical gold more accessible to the crypto community, aiming for a proof of concept by year-end.
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...
