On November 21, 2024, Citron Capital shorted MicroStrategy Inc. (MSTR). What made this confrontation particularly electrifying was the clash between two titans: Citron, a legendary short seller, and MicroStrategy, arguably the strongest stock of 2024. Why did Citron short MicroStrategy? Citron called its $91 billion valuation a reckless Bitcoin bubble. MSTR began buying Bitcoin in 2020; it currently owns 1.7% ...
Israel has agreed to a cease-fire agreement with Hezbollah terrorists that would end nearly 14 months of fighting, President Biden announced Tuesday. Biden, speaking from the White House Rose Garden, said that Israel and Lebanon agreed to the deal. Israel retains the right to self-defense should Hezbollah break the pact, Biden said. ‘Let’s be clear. Israel did not launch this ...
Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and then permanently since early 2023. Michaels CEO Ashley Buchanan will take over the top job at Kohl’s as Kingsbury departs, ...
Last weekend’s college football upset extravaganza pretty much ended two arguments that have been raging around the sport for decades during its slow-walk from the antiquated poll era to the BCS to the College Football Playoff. The first was that a real playoff like every other sport has would diminish the regular season. Wrong. The second, from the other side ...
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’) and Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) (‘Mkango’) are pleased to announce the results of an independent Feasibility Study (the ‘Feasibility Study’) for HyProMag USA, LLC, (‘HyProMag USA or the Project’) on the development of a state-of-the art rare earth magnet recycling and manufacturing operation in the United States. The Project is underpinned by the patented Hydrogen ...
Rumble, a video-sharing platform and cloud services provider, has announced its decision to allocate up to $20 million of its corporate treasury to Bitcoin. The move, approved by its Board of Directors, underscores the company’s commitment to diversifying its cash reserves and expanding its presence in the cryptocurrency sector. Rumble Adopts Bitcoin Strategy With $20M Plan for Treasury Diversification According ...
Pakistani police Monday fired tear gas canisters at supporters of imprisoned former Prime Minister Imran Khan to stop them from entering the capital, where they hoped to stage a sit-in to demand his release, officials said. The firing of tear gas came shortly after demonstrators — who traveled 150 kilometers (93 miles) from the restive northwest — began arriving and ...
It’s a short trading week, and the stock market is rallying. It’s clear that Wall Street liked President-elect Donald Trump’s choice of Scott Bessent for Treasury Secretary. The broader stock market indexes closed higher, with the Dow Jones Industrial Average ($INDU) closing at a new record. The S&P 500 ($SPX) tried to meet its all-time high, but didn’t. The Nasdaq ...
A top military official with NATO warned businesses on Monday to be ready for a wartime scenario, which could entail adjusting production and distribution lines to be less vulnerable to blackmail from Russia and China. Dutch Admiral Rob Bauer, the chairperson of NATO’s military committee, told attendees at an event of the European Policy Center think tank in Brussels that ...
A federal judge said Monday he may hold an evidentiary hearing next month to help determine whether to approve the sale of conspiracy theorist Alex Jones’ media company to satirical publication The Onion. Bankruptcy Judge Christopher Lopez in Houston clarified the sale, which comes after a Nov. 13 auction, remains in limbo until such a hearing, when interested parties can ...
The Philadelphia Eagles and Los Angeles Rams meet on ‘Sunday Night Football’ on the road to the NFL playoffs. The Eagles stand on the top step of the NFC East, which has turned into a two-horse race as the calendar turned to November. While much ado has been made about the addition of Saquon Barkley, it’s been the Eagles defense ...
Graphene is often heralded as the “wonder material” of the 21st century, and investing in graphene companies offers investors exposure to a growing number of graphene applications across a diverse set of industries. In terms of size, Grand View Research is forecasting that the global graphene market will grow at a compound annual growth rate of 35.1 percent between 2024 ...