Group 1 Automotive announced it will acquire Hennessy Automobile Companies' dealership assets and real estate, adding 10 dealerships with luxury brands like Lexus and Porsche. This deal, valued at $1.3 billion, will boost Group 1's annual revenue by approximately $1.7 billion and immediately increase earnings per share. The acquisition significantly expands Group 1's footprint in the growing Atlanta market, making it the company's second largest market by revenue. The transaction is expected to close by the end of 2026, pending regulatory and manufacturer approvals.
The Franklin FTSE Japan Hedged ETF (FLJH) is recommended as a buy due to its diversified holdings across over 400 large- and mid-cap Japanese stocks and its effective hedging against yen currency risk. It offers a weighted average upside potential of...
Whitehat hackers have transferred 52.37 Bitcoin, recovered from the July Coldcard hardware wallet exploit, to a new recovery trust address. This exploit, which caused over $100 million in losses, involved attackers reconstructing wallet seeds due to ...
Microchip reported a much stronger-than-expected recovery in revenue and profit margins, driven by broad growth across end markets and a nearly 98% year-over-year surge in Data Center revenue, now the main growth driver. The company’s gross margin fo...
In Germany, gifting Bitcoin to a spouse generally incurs no gift tax due to a €500,000 allowance and no income tax since the transfer is not a sale. The spouse inherits the original purchase price and acquisition date, which affects future taxable ga...
Ethena's synthetic dollar token USDe experienced a sharp price drop to $0.65 on Binance during a market sell-off, while prices on decentralized exchanges like Curve and Uniswap remained stable near $1. The crash was caused by Binance's thin orderbook...
