Former bank CEO from Kansas, Shan Hanes, has been sentenced to 24 years in prison for his involvement in a $47.1 million crypto scam related to pig butchering. What Happened: Hanes, the former CEO of Heartland Tri-State Bank, was convicted of embezzlement. He diverted…
State-linked Chinese entities are reportedly using cloud services from Amazon.com Inc. (NASDAQ:AMZN) and other providers to bypass U.S. export restrictions and access advanced Nvidia Corp. (NASDAQ:NVDA) chips and artificial intelligence capabilities. What Happened: U.S. export restrictions were imposed over the…
Third-party logistics provider NFI Industries is now piloting Tesla Inc.’s (NASDAQ:TSLA) Semi trucks in its daily operations, like beverage manufacturer PepsiCo. What Happened: “Over the past few weeks, we’ve supercharged our fleet in Patterson, CA by piloting Tesla Semis in our daily…
Warren Buffett‘s record-breaking cash pile at Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) is not indicative of an impending market crash, according to a fund manager. What Happened: The $189 billion cash pile held by Berkshire Hathaway is not a cause for…
Shiba Inu’s (CRYPTO: SHIB) stagnating burn rate and mediocre technical indicators have traders wondering about whether any near-term upside is realistic. What Happened: The burn rate has dropped by 45% since the last burn transaction of 802,246 coins around two…
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Mueller Industries (NYSE:MLI). “It is a fantastic company, never gets it's due,” he added. Cramer said he likes GoDaddy Inc. (NYSE:GDDY). When asked about BorgWarner Inc. (NYSE:BWA), he said, “Look,…
In Monday’s pre-market trading, shares of MicroStrategy Inc. (NASDAQ:MSTR) took a hit, mirroring the performance of Bitcoin (CRYPTO: BTC) which was trading near the $58,000 mark. What Happened: At the time of writing, MicroStrategy’s shares were down by 3.10% at…
In the run-up to the U.S. Presidential election, the stock market’s performance could serve as a reliable predictor of the election results, as per the chief technical strategist at LPL. What Happened: Adam Turnquist, LPL’s chief technical strategist, stated that…
Meta Platforms Inc. is said to be offering millions to Hollywood stars for the rights to use their voices in artificial intelligence (AI) projects. What Happened: According to a report, Meta is currently in negotiations with celebrities such as Judi…
U.S. stocks traded lower this morning, with the Dow Jones index dipping more than 400 points on Friday. Following the market opening Friday, the Dow traded down 1.04% to 39,926.48 while the NASDAQ fell 2.29% to 16,801.13. The S&P 500…
