Cryptocurrency markets continue to bleed, with the FOMC meeting and poor ETF performances in the U.S. and Hong Kong weighing heavy on the markets. What Happened: Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) started…
Efforts to push through U.S. stablecoin legislation by attaching it to an unrelated Federal Aviation Administration reauthorization bill have been halted by legislative leaders. What Happened: The decision to seek a clean bill means the discussion between House Financial Services…
U.S. stocks settled lower on Tuesday, with the Dow Jones index dipping more than 550 points during the session. All three major indices recorded losses in April, ending a streak of five consecutive months of gains. The Dow dipped 5%…
Boeing Co (NYSE:BA) is set to embark on a bond sale, aiming to raise $10 billion amid challenges like a recent quarterly loss and Moody’s credit rating downgrade. Moody’s downgrade, which leaves Boeing’s credit rating just a step above junk, underscores the company’s…
How do we look at cannabis companies' cash flow? What is their total value and what methods are used to assess their worth? A new report from Viridian Capital Advisors sheds light on how these factors interact to influence the valuations…
On Monday, Japanese pharma company ONO Pharmaceutical agreed to acquire Deciphera Pharmaceuticals Inc (NASDAQ:DCPH) for $25.60 per share in cash, for a total equity value of $2.4 billion. Deciphera brings specialized research and development capabilities in kinase drug discovery, well-established commercial and sales platforms in…
Tesla Inc‘s (NASDAQ:TSLA) Cybertruck competed against airplanes at the Orlando Airshow over the weekend and company CEO Elon Musk thinks it’s “cool” despite the results of the race. What Happened: The result of the race was predictable. While the top…
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an…
On Thursday, April 25th, the U.S. stock markets closed lower, impacted by surprising data indicating sluggish U.S. economic expansion and ongoing inflation. This downturn was exacerbated by a broad sell-off in major stocks following underwhelming earnings from Meta Platforms (NASDAQ:META). Related: Meta’s Q1 Earnings: Most…
Tech earnings could come to the market’s rescue as traders remain jittery about the outcome of key inflation data due on Friday. AI giants Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft Corp. (NASDAQ:MSFT) set a positive tone for tech companies with strong performances in the first…
