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Posts published in “Uncategorized”

GameStop and AMC Shares Soar as Meme Stock Revival Continues

DealBook | Revival of Meme Stock Mania Continues for GameStop and AMC https://www.nytimes.com/2024/05/14/business/dealbook/gamestop-amc-meme-stocks.html U.S. World Business Arts Lifestyle Opinion Audio Games Cooking Wirecutter The Athletic Advertisement SKIP ADVERTISEMENT A heady market rally extended to a second day after Keith Gill, the trader known as Roaring Kitty who rallied small investors to buy out-of-favor stocks in

Ethereum ETF Applicants Ditch Staking Language in ‘Temporary Concession’ to SEC: Analyst

As the Securities and Exchange Commission (SEC) mulls applications for spot Ethereum ETFs—with analysts expecting approval as soon as this week—amended filings from several asset managers have dropped their language around staking. Staking refers to the process through which users delegate Ethereum tokens to the network in exchange for rewards. It became a core component

US home sales post second straight monthly drop; house prices jump

By Lucia Mutikani WASHINGTON (Reuters) - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the report from the National Association of Realtors on Wednesday showed inventory increasing last month to a 2-1/2-year high entry-level homes remained scarce

Stock market today: US futures tread water with Dow poised for another bid for 40,000

US stocks ticked upward Friday as the Dow Jones Industrial Average (^DJI) closed at 40,000 for the first time ever. The Dow rose 0.3% to score its record high. The S&P 500 (^GSPC) ticked up 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) slipped 0.1%, but all the gauges notched weekly wins. Investor enthusiasm for interest

Walmart stock pops after earnings beat, retailer surpasses $500 billion in market cap

Walmart (WMT) wowed Wall Street yet again, causing the stock to jump as much as 7% in early trading Thursday. For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.

Gala Games Attacker Returns $22 Million

Reading Time: 2 minutes Gala Games exploiter has returned $22 million he had stolen from the project The project said that it had involved law enforcement agencies immediately after the exploit Gala Games disclosed that they’ll use the funds to buy back GALA tokens to replenish part of those stolen Web3 gaming startup Gala Games

Prosecutors Call for 5-7 Years for Ryan Salame

Reading Time: 2 minutes Federal prosecutors have recommended a five to seven-year prison sentence for former FTX executive Ryan Salame Salame has pleaded guilty to serious offenses related to the collapse of the cryptocurrency empire Salame’s legal team has argued for a significantly shorter sentence of no more than 18 months Federal prosecutors have recommended

Uniswap Responds to SEC Wells Notice

Reading Time: 3 minutes Uniswap Labs has formally responded to the SEC’s Wells Notice, denying its tokens are securities. The company has argued it does not operate an unregistered securities exchange, broker, or clearing agency. Uniswap’s Chief Legal Officer has labeled the SEC a “repeat offender against crypto” and promised a legal victory...