NEW YORK, May 10 (Reuters) – Federal prosecutors in Washington are looking into short seller activity around the recent volatility in U.S. bank shares sparked by the failure of three regional lenders since March, a source familiar with the matter said.Short sellers, traders that profit by betting shares will fall, have come under scrutiny over… […]
[1/2] A Lucid Air electric car with built-in Alexa is displayed in an Amazon booth during CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 6, 2023. REUTERS/Steve… Read moreNEW YORK, May 9 (Reuters) – EV makers Fisker Inc (FSR.N), Nikola Corp (NKLA.O) and Lucid Group (LCID.O) disappointed investors with… […]
May 9 (Reuters) – Nikola Corp (NKLA.O) on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona, factory amid sluggish demand for its battery-powered trucks.The company said it would double down on cutting costs and that it will build battery electric trucks only… […]
May 9 (Reuters) – COVID-19 vaccine maker Novavax Inc (NVAX.O) on Tuesday forecast much higher 2023 revenue than Wall Street expected and announced plans to cut a quarter of its workforce, spurring hopes of a recovery for the cash-strapped biotech, and its shares jumped 40%.In February, the company raised doubts about its ability to remain… […]
Ryanair orders 150 737 MAX 10 jets, has option for 150 moreFollows 18-month standoff over pricesRyanair paid more per seat than in previous dealsPARIS, May 9 (Reuters) – Ireland’s Ryanair (RYA.I) sealed a multibillion-dollar deal for as many as 300 Boeing (BA.N) jets on Tuesday, burying the hatchet after an 18-month public feud where prices… […]
This is an opinion editorial by Seth Cantey, an associate professor of politics, and Mohammed Mourtaja, a Palestinian student studying international economics.A debate is taking shape over whether bitcoin can play a role in Palestinians’ quest for freedom from Israeli occupation. It began a year ago, in September 2021, when Chief Strategy Officer at the… […]
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Alyse Killeen to talk about what is happening in the VC space in relation to Bitcoin and what hidden gems are ripe for investment right now.Watch This Episode On YouTube Or RumbleListen To… […]
Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies. The bill is likely to be presented following the midterm elections in November 2022. Three republican members of Congress presented a bill, named… […]
This is an opinion editorial by Dustin Watchman, founder of the bitcoin community educational group Cloud 21 Siargo.What if we could recreate the elements of a big city that we all love but on a much smaller scale? What would those elements be that we would seek to replicate? For much of history, cities have… […]
The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets. The country will continue running a pilot program through this year to test demand and security. Kazakhstan’s first cryptocurrency purchase with its local currency, the tenge, took… […]
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