U.Today – Analytics account @spotonchain has drawn the crypto community’s attention to two mammoth-sized transfers that have taken place over the last 24 hours, right after the world’s flagship cryptocurrency, BTC, soared to a new historic peak above $107,000. Overall, more than two and a half billion U.S. dollars have been transferred. The report revealed big players standing behind those transactions. One of them is the nonfunctional crypto exchange Mt. Gox. Mt. Gox and Marathon Digital (NASDAQ:) shovel 23,664 BitcoinsSpotonchain revealed that two entities have initiated large-sized transactions of Bitcoin, which carried 23,664 BTC in total. That amount of Bitcoin…
Author: user
Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024.Smith Collection/ gado | Archive Photos | Getty ImagesDatabricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that values the software maker at $62 billion. With the money, Databricks will be able to provide liquidity to current and former employees, make acquisitions, and expand overseas, according to a statement. The company’s new valuation is up from $43 billion in 2023. Rival Snowflake was worth about $57 billion at Monday’s close.Databricks sells software for analyzing and cleaning up data, and it…
Earlier this month, Louisiana enacted sweeping tax reforms, signaling a pivotal shift in its fiscal policy to boost competitiveness and attract investments. Among the most impactful measures are a flat 5.5% corporate income tax rate, set to replace the existing tiered structure in 2025, and the repeal of the corporate franchise tax by 2026. Together, these reforms aim to align Louisiana’s tax system with those of neighboring states like Texas, which have long been magnets for business due to their minimal tax burdens. The legislation also broadens the sales tax base and temporarily raises the sales tax rate from 4.45%…
Investing.com — US stock slipped lower Tuesday ahead of the start of the final Federal Reserve policy meeting this year, which could see policymakers signal a more cautious stance to monetary policy loosening going forward. Here are some of the biggest premarket US stock movers today: Nvidia (NASDAQ:) stock fell 1.6%, continuing the chipmaker’s recent weakness which has resulted in the stock entering correction territory. Pfizer (NYSE:) stock rose 2.9% after the drugmaker said it was expecting its 2025 profits to be nearly in line with expectations, with the company reining in costs and cutting debt by shedding non-core businesses…
MicroStrategy Executive Chairman Michael Saylor compared his company’s aggressive Bitcoin strategy to Manhattan’s real estate sector during an interview with CNBC interview on Monday.”Every time Manhattan real estate goes up in value, they issue more debt to develop more real estate,” Saylor told CNBC Money Movers. “That’s why your buildings are so tall in New York City. It’s been going on for 350 years. I would call it an economy.”Saylor’s comments come in as the alpha crypto briefly touched new highs above $107,000 in the early hours of Tuesday.MicroStrategy is fresh off of being confirmed for listing in the Nasdaq-100…
This article summarizes the most significant insider buys and sells reported for US stocks on Monday, December 16, 2024. Top Insider Buys: Mountain Lake Acquisition Corp. (NASDAQ:MLAC): Mountain Lake Acquisition Sponsor LLC, a significant stakeholder in Mountain Lake Acquisition Corp., made notable transactions in the company’s stock. The sponsor acquired 495,000 Class A ordinary shares on December 16, 2024, at a total purchase price of $4.95 million. This acquisition reflects the purchase of private units at $10.00 per unit, which include both Class A ordinary shares and rights. Additionally, the sponsor received 359,375 Class B ordinary shares as bonus shares…
$80 million investment: Google, Stripe, and others purchase carbon credits to support emerging carbon capture technologies. Innovative solutions: CO280 uses oil industry tech at paper mills, while CREW deploys limestone-based capture at sewage plants. Scaling goals: Deals aim to reduce carbon removal costs to $100 per ton and deliver scalable, affordable solutions. The News: Google, Stripe, and other Frontier coalition members are investing $80 million in carbon credits to fund two firms deploying innovative carbon capture technologies at paper mills and sewage plants. The Deals: CO280: Awarded $48 million to remove 224,500 metric tons of CO₂ (2028–2030) using oil field…
Venture Steel has acquired a high-production slitting line from Athader S.L., a member of The Bradbury Group, for installation at its expanded manufacturing facility in Ramos Arizpe, Mexico, the companies announced on Thursday.The new equipment represents a significant technological upgrade for Venture Steel’s processing capabilities. The slitting line will be able to process coils up to “0.250” x 62″ x 80,000 pounds and 110,000 psi tensile strength” at speeds “up to 600 feet per minute.”The system’s advanced features include a “double eccentric slitter head with capstan and automatic slitter tooling changeover, quick change separators, dual tension rolls with hydraulic lockup,…
Investing.com — Shares of Teva Pharmaceutical Industries Ltd. (NYSE:) surged 17% following the announcement of successful Phase 2b study results for its investigational drug duvakitug, which is being developed to treat inflammatory bowel disease (IBD). The study, conducted in collaboration with Sanofi (NASDAQ:), met its primary endpoints in patients with ulcerative colitis (UC) and Crohn’s disease (CD), offering hope for a new treatment option in a field with high unmet medical needs. The RELIEVE UCCD study showed that a significant portion of patients with UC and CD treated with duvakitug achieved clinical remission or endoscopic response at week 14 compared…
Medical Properties Trust (NYSE: MPW) has battled a seemingly never-ending barrage of headwinds in recent years. Tenant troubles and balance sheet issues have weighed heavily on the real estate investment trust’s (REIT) stock price. Shares currently sit more than 80% below their peak in 2020, when the pandemic started causing trouble for its hospital tenants. The healthcare REIT has battled back against its issues. It has replaced troubled tenants with financially stronger ones and sold several assets to shore up its financial position. Because of that, it’s getting healthier. That’s why I recently bought more shares of the high-yielding REIT.…