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Cryptocurrencies

“Robinhood bets big on crypto with $200 million deal for Bitstamp” [Thu, Jun 6, 2024]

June 28, 2024

“Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal. Robinhood, whose shares were up 3.4% before… Continue Reading…

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Business

“How Roaring Kitty’s wealth went from $53,000 to nearly $300 million — and could one day top $1 billion”

June 6, 2024

“Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million. The meme stock leader, who can move the stock by simply posting cryptic messages online, shared… Continue Reading…

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Stocks

“An elite hedge fund bought 1 million GameStop shares before the meme stock’s 400% surge”

May 20, 2024

“…Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech’s… Continue Reading…

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Stocks

“AMC completes $250 million stock sale during meme rally, shares jump 30%”

May 15, 2024

“AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that… Continue Reading…

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Economy

“A record 4.1 million Americans may retire this year: Financial planners say they should take these 5 steps”

May 14, 2024

“3. Delay Social Security…” https://finance.yahoo.com/news/record-4-1-million-americans-120000058.html That’s all you need to see from this article. This comment is so stupid its evil. Make no mistake this level of stupidity is evil. I’m going to tell you why this is evil. If… Continue Reading…

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Stocks

“Wayfair shares surge after furniture retailer cuts losses by more than $100 million”

May 8, 2024

“Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday… Wayfair shares closed more than 16% higher Thursday. The company’s reported net… Continue Reading…

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Economy

“US job openings fall to 8.5 million in March, the lowest level in more than 3 years”

May 7, 2024

” U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates… Monthly job openings… Continue Reading…

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Stocks

“Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says”

May 1, 2024

“ …” https://www.cnbc.com/2024/04/25/former-tesla-svp-drew-baglino-is-selling-181point5-million-worth-of-stock.html His sell of stock might not be long term. (over five years) There’s always the possibility of him just wanting to avoid the upcoming stock market crash. It’s going to happen and can’t be avoided. Once the… Continue Reading…

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Business

“Warner Bros. Discovery Lost Money Last Year. Its CEO Got a $50 Million Payday.”

May 1, 2024

“Warner Bros. Discovery shares have slumped since the media and entertainment company was created two years ago, but that hasn’t dented its chief executive’s pay.  Last year, CEO David Zaslav received pay valued at $49.7 million, a 27% increase from 2022, the… Continue Reading…

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Business

“Hertz loses another $200 million from its EVs”

April 26, 2024

“Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble… The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet… Continue Reading…

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