Trump Media & Technology Group transferred 2,650 bitcoin worth about $205 million to Crypto.com, deepening concerns over its cryptocurrency strategy. The company originally bought 11,542 bitcoin at an average price of $118,522 but now faces unrealized losses of roughly $455 million as bitcoin trades far below that price. This move follows the withdrawal of its spot bitcoin ETF application and comes amid significant financial pressure, including a first-quarter net loss of $405.9 million on just $871,200 in revenue. The company's aggressive crypto investments continue to weigh on its financial health and raise questions about its future in the crypto market.
Webull CEO Anthony Denier reveals that retail investors now hold a wider range of AI-related stocks, growing from 3% to 9% over two years. This shift shows confidence in AI as a long-term investment, with interest spreading beyond headline chip stock...
Analog Devices has agreed to acquire Empower Semiconductor for $1.5 billion in cash, with the deal expected to close in the second half of 2026 pending regulatory approval. Other notable transactions include Shein's acquisition of Everlane for $100 m...
Tenaris announced a $306 million CAD investment to upgrade and expand its Sault Ste. Marie Industrial Centre in Ontario, supported by federal and provincial governments. This investment will enhance production capacity, add new equipment, and improve...
The U.S. Department of Justice has launched a criminal investigation into Claritev Corporation over alleged price-fixing related to its Data iSight pricing tool. Following the news, Claritev's stock price dropped by nearly 50% over two days, signific...
Bank of America's strategist analyzed the 10 largest IPOs in history, finding that their impact on home-market indices varies widely. Some IPOs like Alibaba and ICBC coincided with strong market rallies, while others like Visa and AIA preceded major ...
