Shoppers walk by a Nordstrom sign at Westfield San Francisco Centre in San Francisco, May 11, 2023. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of
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In a swift and intriguing turn of events, a previously enigmatic Bitcoin (BTC) address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the address in question accumulated a staggering 118,000 BTC. While its identity has now been attributed to Robinhood, questions still
Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. The remarks by Powell strengthen the narrative that interest rates are likely to remain higher for longer. However, a positive sign is that after
Wells Fargo is eligible to underwrite municipal bonds in Texas after the state attorney general’s office said Friday it was unable to determine that the investment bank discriminates against the firearm industry. A review of Wells Fargo’s standing letter of compliance with a Texas law prohibiting state and local government contracts with companies that discriminate
On Wednesday the Internal Revenue Service issued a notice of proposed adverse determination to the Port of Port Arthur Navigation District of Jefferson County, Texas, indicating that a 2017 $55 million bond issuance will be considered taxable, though attorneys caution that such situations nearly always resolve without impact to the investors. According to the notice posted on
California has expanded the ability of its local agencies to use progressive design-build contracts for certain infrastructure projects in a bid to control costs and remain on schedule. Gov. Gavin Newsom in July signed into law the latest progressive design-build measure, Senate Bill 146, which allows the Department of Water Resources and the California Department
Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the Celsius (CEL) token was a security. In a motion filed on July 25 and heard before the United
Libertify, an AI-driven risk management platform, unveiled its latest offering in crypto wealth management: an artificial intelligence (AI) audit. This new feature allows crypto investors to assess and manage their portfolio risks and instantly receive optimization suggestions aimed at minimizing risk without compromising performance. LibertifyCEOSteve Rosenblumemphasized the importance of learning from past market downturns. By
With Quiver Quantitatives recentinstitutional holdings data, we can see that hedge funds and asset managers have been increasing their holdings in MercadoLibre MELI . Firms such as Scottish investment managerBaillie Gifford, Fidelity Investments, andBlackrockhave all added to their MELI positions recently. Most notably, Baillie Gifford increased shares held by 4.28% (as filed on 6/30), bringing
Mastercard IncMA has agreed to acquire a minority stake inMTN Group Ltd'sfinancial-technology business at a valuation of $5.2 billion. The financial details of the transaction or stake percentage remain undisclosed. The deal involves a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa, Bloombergreports. Also Read:Mastercard's Conservative Outlook and Relative
Former President Donald Trumps NFT collection experienced an astounding surge of 1200% in sales shortly after his interview with Tucker Carlson. What Happened: The spike in activity occurred simultaneously with the GOP presidential debate being held on Fox News. Data from OpenSea revealed that within the past 24 hours, over 40 NFTs from Trumps collection
why dream? — The strange, secretive world of North Korean science fiction Unusual and often breathtaking, the genre is relatively unknown in the West. Andrada Fiscutean – Aug 25, 2023 11:00 am UTC Enlarge / Inside the Submarine by Kim Kwang Nam, from the series “The Future is Bright.”Koryo Studio reader comments 0 with A
Bitcoin, taking inflation into account, has in fact been a solid store of value since 2017, commentators conclude. 2428 Total views 34 Total shares Listen to article 0:00 Markets News Join us on social networksBitcoin (BTC) is still worth $20,000 nearly six years after first reaching it if adjusted for inflation. According to data from
Misreading ITAR? — Rocket Report: Justice Department sues SpaceX; North Korean launch fails Elon Musk may again be in trouble for his social media posts. Stephen Clark – Aug 25, 2023 11:00 am UTC Enlarge / SpaceX’s Super Heavy booster, numbered Booster 9, rolls back to its launch pad in Texas for more testing. The
After reaching a peak of $310.16 on July 26, 2021, PayPals PYPL stock has declined by about 80%. While much of this sell off is justified (considering that PYPL traded for more than 50x earnings for most of 2021), I believe this sell-off is overdone and that PYPL offers investors with a favorable risk-reward opportunity.
bunkum — FDA cracks down on bogus anti-viral products from Amazon, Walmart The products contain dilutions of a toxic agent found in absinthe. Beth Mole – Aug 24, 2023 10:20 pm UTC Enlarge / This 1980 transmission electron microscopic (TEM) image revealed some of the ultrastructural morphology exhibited by three poxvirus, molluscum contagiosum virions.CDC reader
follow the smoke — California deploys AI-powered wildfire detection systems New system scans over 1,000 cameras for signs of smokewith 77 hits so far. Benj Edwards – Aug 24, 2023 9:50 pm UTC EnlargeGetty Images reader comments 34 with California’s main firefighting agency, Cal Fire, is training AI models to detect visual signs of wildfires
In late November 2022, Keith Grossman announced on Twitter (aka X) that he was leaving the team atTime magazine to become the president ofMoonPay, a Web3 company that provides easy ways for people to buy crypto using fiat. In the multi-tweet post, Grossman explained that he appreciated the opportunities he had working at TIME, but
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler is sounding the alarm on the transformative impact of artificial intelligence (AI), saying that it may have wide-ranging impacts on the financial markets. What Happened: Reflecting on a paper he co-authored in 2020 on deep learning and financial stability, Gensler expressed a concern that only a