Yes, it’s called Fartcoin. Yes, it is totally useless.And yes, it has nevertheless grown in value over the past week to a market capitalization of more than $800 million — about equal to those of Office Depot, Guess jeanswear, and the parent company of Steak N’ Shake.In the day after this article published, Fartcoin’s value seesawed. Starting at about $620 million (7 a.m. Sunday), it rose to a peak of $889 million before settling back $836 million at 9:35 p.m. ET Monday. The carnival-casino era of cryptocurrencies has come back with a vengeance, riding a broader wave of investment in bitcoin that was itself spurred by…
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US stocks traded mixed on Wednesday as traders anticipated the Fed’s next policy move.Markets are pricing in a near-100% chance the Fed will trim rates another quarter-point this afternoon.Bets, though, are scaling that central bankers will pause their rate-cutting cycle in January.US stocks were mixed on Wednesday as traders focused their attention on the Federal Reserve’s last interest rate decision for the year. The Dow Jones Industrial Average traded higher, looking to snap its nine-day losing streak. The 10-year Treasury yield was about flat at 3.95%. Investors are waiting for the conclusion of the central bank’s December policy meeting, which…
See the stocks making movesGeneral Mills Inc’s Cheerios and Honey Nut Cheerios are displayed on the shelf of a Whole Foods Market store in Venice, California.Lisa Baertlein | ReutersThese are some of the stocks moving in midday trading on Wednesday:Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory.General Mills — The consumer products maker slid 2.6% after telling investors to expect a weaker outlook than previously expected.Jabil — The electronics components stock surged 9.5% after earnings and guidance surpassed Wall Street expectations.Click here for the full list.— Alex HarringGoldman…
LONDON, ON – VersaBank (NASDAQ: VBNK) (TSX: VBNK) announced today that it has finalized its public offering of common shares, raising gross proceeds of approximately $75 million USD. The offering, which was priced at $13.25 USD per share, resulted in the sale of 5,660,378 common shares. The stock, currently trading at $13.54, has shown mixed performance with a 28% gain over the past six months despite a recent 17% decline in the past week. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment. The bank has also provided underwriters with an over-allotment option, exercisable until…
BRENTWOOD, Tenn.—Yemin Ezra Uzi, Executive Chairman of Delek US Holdings, Inc. (NYSE:), recently acquired 3,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at a price of $16.50 each, totaling an investment of $49,500. The purchase comes as the stock trades near its 52-week low of $15.36, with InvestingPro data showing the company currently offers a notable 5.8% dividend yield. Following this transaction, Uzi holds 817,945 shares indirectly through Yemin Investments, LP, as well as 195,517 shares directly. This latest acquisition underscores Uzi’s ongoing commitment to the company,…
getty Megacap stocks dominated in 2024, creating nice returns for anyone invested in the Nasdaq-100 and S&P 500. Unfortunately, no financial market trend lasts forever. Many pundits believe the megacap growth could pause in 2025, leaving room for other stock market segments to take the lead. If you agree with that prediction, you may need to reset your exchange-traded fund portfolio for the year ahead. Let’s explore three critical ETF selection criteria and meet six ETFs that may be winners in 2025. Key Factors To Consider When Comparing ETFs You have many ETF options available, and choosing the right one…
If the incoming Securities and Exchange Commission leadership allows more corporations to block activist shareholder proposals from consideration, the ones that get through could get more support, explained Stephen Brown, a senior adviser and managing director at the KPMG LLP Board Leadership Center.“If we get fewer proposals because they get held up or stopped by the SEC’s no action process, then the proposals that get through maybe are ones that are worthy of the ballot,” Brown said on Activist Investing Today. “Maybe they’ll get serious consideration by institutions which have much larger stewardship teams than they had 10 years ago. You may…
Carbon markets hold the potential to transform Indian agriculture, turning sustainable farming practices into a lucrative opportunity for farmers while combating climate change. In this, carbon pricing is a critical tool for mitigating climate change. It functions through compliance and voluntary carbon markets. Compliance markets, regulated by governments or international bodies such as the United Nations, impose emissions caps on companies. Businesses exceeding these caps must either purchase carbon credits from projects that mitigate greenhouse gas (GHG) emissions, such as agroforestry or sustainable agriculture projects, or pay carbon taxes for their extra emissions. In contrast, the voluntary carbon market operates…
By Luc Cohen NEW YORK (Reuters) – A New York resident who prosecutors say operated a “secret police station” in the Chinatown district of Manhattan to aid Beijing’s targeting of dissidents, pleaded guilty on Wednesday to conspiring to act as an unregistered foreign agent. Chen Jinping, 61, entered the plea at a hearing in Brooklyn Federal Court before U.S. District Judge Nina Morrison. He faces up to five years in prison when he is sentenced on May 30. In court, Chen admitted to removing an online article about the alleged police station on behalf of China’s government in September 2022.…
Over the past month and a half, Bitcoin (CRYPTO: BTC) has dominated headlines. In a matter of weeks, the world’s largest cryptocurrency surged nearly 50%, ultimately breaking through the $100,000 milestone to set a new all-time high near $107,000. This kind of performance has rightly placed Bitcoin center stage. Meanwhile, Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, has largely taken a backseat. In fact, Ethereum’s struggles have defined much of its 2024. At one point in October, Ethereum’s year-to-date gains were a mere 5%, far below the explosive growth seen in Bitcoin and other cryptocurrencies. However, recent developments suggest that the…