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Business

“The potential investor upside of a Google breakup — if John Rockefeller is any guide”

“… John Rockefeller’s Standard Oil more than a century ago. The empire that controlled nearly all US oil production during America’s industrial revolution had to split into 34 smaller companies after the Supreme Court in 1911 sided with the Justice Department in an… Continue Reading…

Cryptocurrencies

“Bitcoin plunged 28%. Institutional investors bought the dip”

“Spot crypto exchange-traded funds show that many investors bought the dip this week. The sell-off in bitcoin and ether began earlier this week and wiped out $367 billion in value just as markets in Japan were nosediving. The next read… Continue Reading…

Stocks

“Nvidia CEO Continues to Sell Shares. Should Investors Follow Suit?”

“Nvidia (NASDAQ: NVDA) CEO Jen-Hsun Huang has been selling shares of his company’s stock over the past two months, including 840,000 shares last week worth $59.3 million. The CEO has taken advantage of the stock’s huge rise in share price, which has… Continue Reading…

Business

“Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand”

“Longtime mall retailer Express filed for Chapter 11 bankruptcy protection in Delaware federal court on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it.  Express, whose portfolio includes its… Continue Reading…

Stocks

“Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues”

“…The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol “RDDT.” It was the first social media IPO since Pinterest’s offering in 2019. Reddit and existing shareholders sold 22… Continue Reading…

Stocks

“Chipotle Announces 50-for-1 Stock Split. Here’s What Investors Need to Know.”

“…Over the past year, Chipotle stock has gained an impressive 74%, but that’s just the beginning. For those lucky enough to get in on its IPO in early 2006, the stock has soared from $22 to roughly $2,798, a mind-boggling… Continue Reading…

Business

“AI startup Glean lures Citigroup as investor at $2.2 billion valuation after revenue quadruples”

“… …” https://www.cnbc.com/2024/02/27/glean-is-worth-2point2-billion-as-citigroup-databricks-workday-invest.html Right now AI is where the money is.

Energy, Stocks

“Sunnova CEO tries to reassure rattled investors after stock plunged 26% in worst day since March 2020”

“…Sunnova shares plummeted 26.7% Thursday after the residential solar company announced a $100 million at-the-market stock offering program. Sunnova’s market cap declined by $382 million in the worst day for the company since March 2020 and the second worst day… Continue Reading…

Energy

“One activist investor is taking on BP, urging the oil giant to scale back green pledges”

“Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack, saying it is “highly debatable” whether the oil major’s strategy of reducing fossil fuel investments in favor of clean energy has any chance of succeeding…” https://www.cnbc.com/2024/01/30/bp-activist-investor-urges-oil-giant-to-scale-back-green-pledges.html It has zero… Continue Reading…

Business

“Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme”

“Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. Prosecutors said Horst Jicha promoted USI Tech, the company he founded and helmed as its CEO, as a crypto mining and… Continue Reading…