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.…
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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…
WYOMISSING, Pa. – PENN Entertainment, Inc. (NASDAQ:PENN), a $2.9 billion market cap gaming company, has introduced its Hollywood Casino (EPA:) mobile application to the Pennsylvania market. The app, which is now available on Android, iOS, and desktop platforms, features over 700 iCasino games, including slots, table games, and live dealer content. Players in Pennsylvania can access the app through the ESPN app or directly via the Hollywood Casino app using their ESPN BET login credentials. According to InvestingPro analysis, PENN’s stock currently appears undervalued, though investors should note the company’s significant debt burden and volatile stock performance, with a beta…
Wednesday’s market has seen fluctuations across a range of stocks, with movements influenced by a variety of factors including earnings reports and market sentiment. Notably, stocks like Nvidia Corp (NASDAQ:) and Jabil Circuit (NYSE:) experienced significant gains, while others like MSTU faced declines. Here’s a roundup of some of the most notable stock movers, spanning from mega-caps to small caps. Mega-Cap Movers:Nvidia Corp (NVDA): +4.03%; YTD return: 163.37% United Health Group (NYSE:): +3.05%; YTD return: -6.33% Disney (NYSE:): +2.29%; YTD return: 26.31% Large-Cap Stock Movers:Jabil Circuit (JBL): Earnings beat estimates, guidance raised; +8.2% Heico Corp (NYSE:): Top-line falls short of…
Investing.com — Argus downgraded Moderna Inc (BMV:) (NASDAQ:) to “hold” from “buy,” on declining sales of its COVID-19 vaccine and limited near-term growth prospects. The brokerage noted that while Moderna’s COVID-19 vaccine was a strong performer during the pandemic, sales have dropped as the virus entered a new phase. Its RSV vaccine, despite offering robust protection, faces challenges from being approved more than a year after competing products. “RSV vaccine provides robust protection against this virus, the product was approved more than a year after two other competing products, limiting its sales as doctors had already become accustomed to some of…
(Reuters) – Buy now, pay later firm Sezzle’s shares plunged on Wednesday after Hindenburg Research disclosed a short position, citing risky lending practices alongside a decline in customers and merchants. Sezzle’s stock, which has gained over 1,000% so far this year, fell as much as 28.6% to $225 earlier in the session, before paring some losses. It was last trading 14% lower. “Our findings show Sezzle is borrowing expensive capital to make extremely risky loans through a struggling platform that is rapidly losing customers and merchants,” the short seller said. Hindenburg, which was behind an over $100 billion market rout…
The Frontier coalition, comprising companies like Google, Stripe, H&M, and Shopify, has committed $80 million toward innovative carbon removal technologies. This investment supports two pioneering startups that generate carbon removal credits: CO280 and CREW. Notably, the deal highlights the premium price paid to incentivize innovation: CO280: $48 million at $214 per metric ton, securing the removal of 224,500 metric tons of CO₂ between 2028 and 2030. CREW Carbon: $32.1 million at $447 per metric ton, capturing 71,878 metric tons of CO₂ using limestone filtration. While these carbon credit prices far exceed the target of $100 per ton, they reflect the…
This December, the International Council on Clean Transportation (ICCT) released a report- “A Global and Regional Battery Material Outlook” that emphasized the critical need for major vehicle markets to achieve 100% BEV sales for new light-duty vehicles by 2035 and heavy-duty vehicles by 2040. This is in conjunction with the Paris Agreement’s target of limiting global warming to below 2°C. While progress lags behind this trajectory, many nations are setting ambitious targets and exploring new measures to accelerate vehicle electrification. This transition will drive a sharp rise in demand for batteries and essential materials like nickel, lithium, and cobalt. Nickel Demand…
By Andrew Chung (Reuters) -The U.S. Supreme Court agreed on Wednesday to hear South Carolina’s bid to cut off public funding to Planned Parenthood in a case that could bolster efforts by conservative-leaning states to deprive the reproductive healthcare and abortion provider of government money. The justices took up South Carolina’s appeal of a lower court’s decision barring the Republican-governed state from terminating funding to Planned Parenthood South Atlantic, the organization’s regional affiliate, under the Medicaid health insurance program because the organization provides abortions. Planned Parenthood South Atlantic operates clinics in the South Carolina cities of Charleston and Columbia, where…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. These days, it’s good to be a major tech player. But it’s also good to be a legacy giant looking to get back on the radar if you’re General Motors (GM). After slumping during the COVID-19 years, “without a doubt as far as the earnings and EBITDA and free cash flow, we’re going to be at record levels for GM,” Bank of America analyst John Murphy told Yahoo Finance Executive Editor Brian Sozzi during the Opening Bid podcast (see video or listen below).…