'Black Swan' Author Nassim Nicholas Taleb Says FTX Isn't Going Through A 'Liquidity' Crisis — Wait, What?

Over 3 trillion of Shiba Inu SHIB/USD worth $34.2 million was moved to an unknown wallet late on Thursday. What Happened: This comes just hours later SHIB developer Shytoshi Kusama confirmed in a discord channel that one goal of Shibairum is to burn trillions of SHIB. Shibarium is a layer-...

Sundial Growers bottomed at 13.8 cents in October 2020. The stock ultimately hit a post-pandemic high of $3.96 In February 2021. Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.

Cathie Wood, the founder of ARK Investment Management, expressed skepticism about the auto debt market, explaining how a fall in the residual value of gas-powered autos could lead to serious losses. What Happened: Wood tweeted in October, “Given the accelerated consumer preference shift toward electric vehicles, used car prices and...

Tesla CEO Elon Musk opted to finance his Twitter buy with a combination of equity and debt financing, with $13 billion of the $44 billion coming in the form of debt. What Happened: As Twitter struggles to turn things around and generate cash flow amid a tough macroeconomic condition, servicing of the debt could be a tall order for the Musk-led social media platform.

Anthony Scaramucci, the founder of SkyBridge Capital, reportedly said he expects the Federal Reserve to pause its rate hike campaign before inflation hits the 2% goal, which would lead to a rally in risk assets. “I do believe that the Fed declares victory at 4% to 5% inflation,” Scaramucci told...

Alpine IQ, a data and marketing solutions provider for retailers and brands, announced an improved loyalty integration with Flowhub, a cannabis retail management and payments platform. Alpine IQ and Flowhub have partnered to create an advanced, 2-way loyalty integration in Maui, Flowhub’s latest cannabis point of sale system. This integration provides cannabis retailers a synchronized loyalty program with the ability to opt-in loyalty members, connect rewards to any deal, and redeem them directly at the point of sale with one click — ultimately empowering operational efficiency, marketing ROI, and revenue.

Edward Snowden said Thursday that there are “solutions to the censorship problem” which will keep Twitter out of bankruptcy. What Happened: The former U.S. intelligence contractor said that Twitter and Tesla CEO Elon Musk could “could change the world within twelve months.”. Snowden urged Musk to “take...

The SPDR S&P 500 ETF Trust SPY is off to a strong start to 2023, but famed investor Jeremy Grantham says a stock market bubble that began in 2022 is just getting started. What Happened? On Tuesday, GMO co-founder Grantham said the most "extreme" market froth was wiped out in 2022, but stock market valuations are still way too high relative to their historical averages. In addition, Grantham said the stock market typically overcorrects to the downside when large bubbles burst.

Lucid Group Inc LCID shares were ripping Friday and halted on a circuit breaker to the upside in early afternoon trading following rumors circulated by traders the Saudi Public Investment Fund is planning to buy out the remainder of the electric vehicle company. Benzinga has contacted the Public Investment Fund...

A pseudonymous crypto analyst is bullish on Bitcoin BTC/USD, predicting it should reach a stark target of $1.3 million by December. What Happened: Pentoshi told his 670,000 followers on Twitter, “I got to this number by using the January gain average of 42% monthly.”. The analyst added: “will be...

U.S. stocks traded higher this morning, with the Dow Jones gaining over 50 points on Friday. Following the market opening Friday, the Dow traded up 0.47% to 34,107.87 while the NASDAQ rose 0.55% to 11,575.86. The S&P 500 also rose, gaining, 0.43% to 4,077.76. Check This Out: Top 5 Health...

When asked about Li Auto Inc LI, Cramer said Tesla’s CEO Elon Musk likes the Chinese automakers. "Who am I to go against the smartest man in the world?" Cramer said "thumbs up" to MP Materials Corp MP. Don’t forget to check out our premarket coverage here. When...

Akerna Corp. KERN will merge with Gryphon Digital Mining, Inc. in an all-stock deal. Simultaneously with the closing of the merger with Gryphon, Akerna will sell its software business to POSaBIT Systems Corporation POSAF PBIT, a provider of payments infrastructure in the cannabis industry. Gryphon, a net carbon-neutral bitcoin miner,...

For centuries, countries in Latin America have lagged behind the world’s central economies in terms of economic growth and social inclusion. Unequal terms of exchange in imports and exports, low levels of industrialization, political unrest, socioeconomic inequality, and macroeconomic crises, are just some of the factors that sustain high unemployment levels and deepen rural uprooting.

Results disappointed, but the company is taking steps to diversify the business.

The bill defines specific digital assets such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash as acceptable options. The bill also lays out guidelines for use of cryptocurrencies by state agencies. The state of New York has taken a bold step forward in the world of cryptocurrency by introducing a bill...

After ripping higher by more than 150% on Thursday, the Buzzfeed Inc BZFD rally continued on Friday with the stock up another 85% in afternoon trading. One Wall Street analyst said BuzzFeed's new deal with OpenAI may not be as lucrative as the market seems to believe — and investors should consider cashing out on the stock's big gains.

Ray Dalio, the founder and CIO of hedge fund Bridgewater Associates, believes what is called the debt limit never actually limits the debt, but is in fact a farce. What Happened: “It’s a farce that works like a bunch of alcoholics who write laws to enforce drinking limits, and when a limit is reached, they do a farcical negotiation that temporarily eliminates the limit which allows them to have the next drinking binge until they reach the next limit at which time they go through the next farcical negotiation and continue to binge,” Dalio wrote in a post titled ‘The Farce and Consequences of the Debt Limit and the Debt’ on LinkedIn.

Raymond James analyst John Davis maintained Mastercard Inc MA with an Outperform and raised the price target from $406 to $450. The analyst highlighted double-digit+ revenue growth with mid-teens+ EPS growth at a discount to historical multiples (defensive sectors trading at a premium), with estimates biased higher. Moreover, the analyst...

Amazon broke up from a bull flag pattern on Thursday and was moving higher on Friday with momentum. The measured move of the bull flag pattern is about 20%. Amazon.com, Inc AMZN burst up through the important $100 psychological level of resistance on Friday with continued momentum, after breaking up from a bull flag pattern on Thursday. The move came in tandem with bearish price action in the general market.