November 8, 20240 Comments

Kioxia files IPO registration statement; targeting December, sources say By Reuters

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering. Kioxia’s filings indicate it aims to conduct an IPO some time from December through June 2025. The chipmaker is targeting December, two people familiar with the matter said. Bain scrapped plans for an IPO in October after investors

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November 8, 20240 Comments

Veteran Trader Peter Brandt Says Bitcoin in ‘Sweet Spot,’ Predicts BTC To Hit a Six-Figure Price in Months

Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could appreciate by between 73% to 100% from the current level to reach the cycle top in August or

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November 8, 20240 Comments

Is Ripple Planning To Launch Dirham-Backed Stablecoin In UAE?

Ripple has recently sparked discussions among market participants over a potential Dirham-backed stablecoin launch in the UAE. Notably, this comes amid soaring speculations over the RLUSD launch by the blockchain firm soon, especially after Donald Trump’s victory in the US election in 2024. However, the firm’s recent focus on the UAE market and its clear regulatory path caught the eyes of investors, with many anticipating a potential stablecoin launch in

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November 8, 20240 Comments

Ethereum Foundation Reveals $970M Treasury in 2024 Report: Here’s More To Know

Non-profit organization Ethereum Foundation sparked a tidal wave of discussions across the broader crypto market on Friday as it revealed its 2024 report, boasting a treasury of $970 million. Notably, Aya Miyaguchi, the firm’s ED, spotlighted key details such as the current EF teams, EF grantees, and ongoing efforts to enhance the Ethereum ecosystem, underscoring the firm’s advancements. In turn, this report promptly caught the eyes of market participants globally,

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November 8, 20240 Comments

Analysis-How Asia’s markets could actually benefit from a Trump White House

By Tom Westbrook and Samuel Shen SINGAPORE (Reuters) – Asia and even China are shaping up as surprisingly resilient investment markets as Donald Trump returns to the White House, with fund managers optimistic the region can withstand tariffs better than Europe. Investors say Asia’s exporters and supply chains have been able to better weather trade tensions, that China is ready to bolster its domestic demand and that India’s rapid growth

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November 8, 20240 Comments

Serial killer Rodney Alcala’s secret photos

Huntington Beach Police Dept. When Huntington Beach, Calif., detectives searched Rodney Alcala‘s Seattle storage locker during the murder investigation of 12-year-old Robin Samsoe in 1979, they discovered a cache of photos, many of them young women in suggestive, and even pornographic poses. In March 2010, after a third jury in 30 years handed Alcala a death sentence, Huntington Beach police released more than 100 of those photos hoping to identify

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November 8, 20240 Comments

Steve Madden to slash China sourcing as Trump’s tariff plan looms

The logo of the label Steve Madden at the fashion fair Premium.  ens Kalaene | Picture Alliance | Getty Images Steve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald Trump to carry out his pledge for steep tariffs on imports from other countries. On an earnings call, CEO Edward Rosenfeld said

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November 8, 20240 Comments

Could prison companies get a boost from Trump’s immigration policies?

The Trump administration could be a boon for business for private prison companies in the U.S. if the president-elect delivers on his promise to crack down on illegal immigration.  CoreCivic and Geo Group, the two biggest private prison operators in the U.S., both contract with the U.S. Immigration and Customs Enforcement (ICE) to house detained, undocumented migrants. Their stocks soared Wednesday following Trump’s election win, with investors betting the companies

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November 8, 20240 Comments

Palantir shares close up 23% to record on uplifting guidance

Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares finished up 23% on Tuesday for a record close after the data analytics software maker reported robust third-quarter results and issued uplifting revenue guidance. The stock reached a closing high of $51.13, above the prior record of

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