Rivian Automotive Inc.s shares gained around 13 percent on Mondays regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous days extended...
Its likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may...
The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip makers plans to invest more than $100...
The Canadian market ended down on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump threatened that he will impose 25% tariffs on imports from Canada, Mexico and China. However, thanks to strong buying at some counters in technology, consumer staples, financials and materials sectors, the markets loss was just marginal. Energy, real...
Grayscale Litecoin Trust is reported to have raised $2.3 million from 242,900 shares in a private placement, sending the issued and outstanding to 24.1 million.Analysts have predicted that LTC could stage a parabolic run to hit $150 after it successfully breaches a crucial resistance level at $126. A private placement of 242,900 new shares has...
Meta shareholders push Mark Zuckerberg to explore Bitcoin as a treasury reserve asset for financial resilience.Corporate Bitcoin adoption grows as companies like Tesla and MicroStrategy showcase its potential for inflation hedging and innovation. The topic of whether Mark Zuckerberg would transform Meta into the next MicroStrategy has stirred passionate debate. Now under more pressure is...
During a recent CNBC interview, outgoing SEC Chair Gary Gensler reiterated his view that most digital assets are securities, with Bitcoin being the sole exception due to its decentralized nature.Under Paul Atkins’ SEC leadership, the Ripple lawsuit could be settled, offering regulatory clarity for all assets and potentially leading to the approval of XRP-based ETFs...
The Strategic Bitcoin Reserve Act integrates Bitcoin into state savings and pension funds, shielding residents from inflation while supporting innovation.Oklahoma’s move aligns with federal pro-crypto efforts, emphasizing a national shift toward digital assets and financial modernization. The Strategic Bitcoin Reserve Act aims to position Oklahoma as a leader in digital asset adoption by integrating Bitcoin...
Samson Mow predicts Bitcoin adoption by more nation-states, supported by strategic reserves and new Bitcoin bond initiatives.Increasing global adoption trends highlight countries exploring Bitcoin strategies, signaling a major shift in the financial landscape. In a recent video, the Modern Investor channel’s host has explored some of the most audacious Bitcoin projections and worldwide adoption patterns...
JAKARTA -PT Waskita Beton Precast Tbk (WSBP) has been concluding debt-to-equity swap with 9 creditors via private placement phase III last Wednesday (20/11). This debt settlement was carried out following the peace agreement homologated by Commercial Court of Central Jakarta on June 28, 2022. Quoted today (25/11), Fandy Dewanto, Corporate Secretary of WSBP, mentioned that...