Trump Media and Technology Group launched a paid data service called "Truth API" on August 1, offering firms real-time, licensed access to market-moving posts on Truth Social, including those from President Donald Trump. The service aims to monetize proprietary content by providing faster access to key posts, which often include significant policy updates. However, Democratic Senators Adam Schiff and Elizabeth Warren have called on the SEC to investigate potential legal violations, accusing the company of exploiting the President's office for personal gain. The SEC has not commented on the request, while Trump Media emphasizes the new service as a high-margin revenue stream.
Bitcoin fell below $63,000 following a major security breach in Coldcard hardware wallets that drained over 1,100 BTC, shaking market confidence. This incident coincides with two upcoming August events: the uncertain BIP-110 soft fork starting miner ...
Verisk Analytics has been upgraded to a Buy rating due to its more attractive valuation at about 23.5 times next twelve months price-to-earnings (NTM PE), down from a previous high of around 43 times. The company’s subscription revenue, which makes u...
XRP's average transaction size on its ledger has surged to $85,290, far exceeding Bitcoin and Ethereum, indicating strong institutional adoption. This trend reflects large capital movements by asset managers, exchanges, and corporate treasuries rathe...
Berkshire Hathaway's shares reached their highest levels in eight months, with Class B shares closing at $512.37 and Class A shares at $768,010. The rally is partly driven by strong performance in key portfolio holdings like Apple, Coca-Cola, and Ban...
Capital One Financial reported a strong Q2 with a net profit of $2.94 billion and earnings per share of $4.73, despite setting aside $3 billion for credit loss provisions. The company is progressing well on its integration with Discover Financial, ai...
