Trump-Linked Tungsten Deal in Kazakhstan Moves Forward
A deal announced at the White House last year for an American company to mine tungsten in Kazakhstan is moving forward after the company closed the deal with the country’s state-owned mining company. At almost the same time, Cove Kaz Capital, the American mining entity, and a shell company in which
Stocks
Hantavirus outbreak is deadly and unfortunate. Experts don’t think it’s the next pandemic.
It’s a “one-off situation,” according to an infectious-disease doctor. “You have to be in the wrong place at the wrong time.”
Crypto
Germany may end tax break on one-year crypto holdings
Germany's potential crypto tax reform could deter long-term investors, impacting its status as a crypto-friendly hub and affecting market dynamics. The post Germany may end tax break on one-year crypto holdings appeared first on Crypto Briefing.
Shake Shack shares crater 30% after burger chain reports operating loss
Shake Shack CEO Rob Lynch said winter storms and an increase to its projections for store openings this year weighed on the company's results.
ZachXBT accuses projects like LAB of ‘highly questionable price action’, posts $10,000 bounty for info on alleged market manipulation
ZachXBT has called out several projects for alleged manipulation, most recently including the AI trading terminal project called LAB.
Economy
Honduras Reviews China Ties Amid Push to Court US Investment
Honduras’ new president is reviewing his predecessor’s agreements with China, a process that could help the US push to reduce the Asian nation’s influence in the region and lead to recognition of Taiwan.
Economy
Cheniere Slumps on Surprise $3.5 Billion Loss on Derivatives
Cheniere Energy Inc. plunged almost 10% after posting a surprise $3.5 billion loss driven by a drop in the value of hedges as the Iran war upended natural gas markets.
Tired of Tracking the S&P 500? These 3 Managed Futures ETFs Offer a Different Path
Managed futures funds spent most of the past decade as a footnote in portfolio construction conversations. They came back into the spotlight in 2022 when stocks and bonds fell together, and the conversation never really faded. The three funds covered here, the Simplify Managed Futures Strategy ETF (
Here's what to expect from Friday's release of the April jobs report
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
Crypto
Kalshi see valuation double to $22B after $1B raise as prediction markets boom
Fresh capital from top Wall Street and Silicon Valley firms signals increasing confidence in regulated event trading and retail prediction markets.
Stocks
EBay permanently bans GameStop CEO Ryan Cohen for putting its community ‘at risk’ following takeover attempt
The GameStop chief, who proposed acquiring eBay for $55.5 billion Monday, was selling GameStop-related merchandise through his account.
WSJ: Saudi Arabia and Kuwait lift restrictions on US military use of bases.
The Wall Street Journal is reporting Saudi Arabia and Kuwait lifted restrictions on U.S. military use of bases and airspace tied to operations around the Strait of Hormuz. The move clears a key obstacle for the U.S. effort to restart escorted commercial shipping operations through the strait. The
Economy
Ecuador Regulators Probe Major Bank in Years-Old Laundering Case
Financial regulators in Ecuador have launched a joint probe into possible money laundering at Banco Guayaquil, the nation’s third-biggest bank by net profit.
Crypto
Trump-Backed American Bitcoin Shares Fall After $82 Million Q1 Loss
Shares in Eric Trump's mining firm American Bitcoin have fallen more than 9% after reporting a quarterly loss of nearly $82 million.
Warren Buffett Owns This Dividend Stock. Should You Buy It Too?
This well-known stock is yielding north of 4% and is also a staple in Berkshire Hathaway's public stock portfolio.
Economy
Fed’s Daly Says ‘Too Early to Tell’ on End of Rate-Cutting Cycle
Federal Reserve Bank of San Francisco President Mary Daly says it is too early to tell if the central bank is at the end of its rate-cutting cycle and explains what she is watching for on inflation expectations from consumers and producers. (Source: Bloomberg)
The Dow Falls 100 Points. It Can't Stay Above 50,000.
The blue-chip index was down 370 points, or 0.7%, to 49,535 after trading as high as 50,130. The Nasdaq was down 0.4%. During congressional testimony on Feb. 11, then-U.S. Attorney General Pam Bondi infamously cited the Dow's trading above 50,000 as something lawmakers should be focusing on instea
Crypto
Bitwise enters tokenized funds with planned takeover of Superstate’s $267M USCC fund
Bitwise will take over Superstates $267M crypto carry fund as tokenized investment products gain institutional traction. The post Bitwise enters tokenized funds with planned takeover of Superstate’s $267M USCC fund appeared first on Crypto Briefing.
Crypto
Samson Mow defends Strategy selling portions of its Bitcoin treasury
The Bitcoin advocate spoke up after Michael Saylor signaled that the company might sell some BTC, a major departure from the Strategy founder's previous rhetoric.
Where Are Comcast and Charter's Internet Customers Going? Here.
The cord-cutting movement is still well underway, but now, even cable TV's replacement cash cow is in trouble thanks to surprising competition.