Category: Top Story
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Unfiltered: Almonty CEO on Supply Warfare, US Assets, and China Pressure
Watch Lyndsay Malchuk on Market Frontlines for an exclusive, no-nonsense interview with Lewis Black, CEO of Almonty Industries. Discover how Almonty is challenging China’s dominance in the tungsten market by acquiring strategic US assets and preparing to launch one of the world’s highest-grade mines. This article is being disseminated on behalf of Almonty Industries Inc.…
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Dow Jones, S&P, Nasdaq, Futures, Palantir Slide Set to Pressure Wall Street as Caution Builds
U.S. stock futures pointed to a sharply lower open on Tuesday, signaling a pullback after a mixed start to the week as traders reacted to disappointing data, cautious remarks from Federal Reserve officials, and a steep selloff in one of the market’s most-watched tech names. Palantir Technologies (NASDAQ:PLTR) led premarket declines, plunging 8.2% despite delivering…
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SPAC News From The Last Seven Days
The Last Week’s Deals Cantor Equity Partners II, Inc. (NASDAQ:CEPT) has announced it is to acquire Securitize, a platform for tokenizing real-world assets. The deal reflects an enterprise value of $1.4bn. It includes a $225mm PIPE from investors including Arche, Borderless Capital, and Hanwha Investment & Securities. The expected close date for the transaction is in H1…
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Strategy launches STRE preferred shares to fund new Bitcoin purchases
Less than a week after releasing its quarterly results, Strategy (NASDAQ:MSTR) launched Stream (STRE), a perpetual preferred stock denominated in euros. Each share will be issued at €100 (US$115), with an annual dividend of 10%, paid quarterly, aimed at institutional investors in the European Economic Area. STRE will be listed on Euro MTF Luxembourg and cleared by Euroclear and…
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UBS performs first on-chain redemption of tokenized fund with Chainlink
UBS (NYSE:UBS) has completed the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA) standard, advancing the integration between blockchain and the global fund market, valued at approximately $100 trillion. The transaction involved the UBS USD Money Market Investment Fund Token (uMINT), built on the Ethereum network. DigiFT acted as an…
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Buffett and Burry sound the alarm about a bubble in the global market
Investors Michael Burry and Warren Buffett have once again issued warning signals about the direction of financial markets in November, according to BeinCrypto. While Burry reinforces bets against Wall Street, the famous “Buffett Indicator” reached its highest level in history, suggesting that the US stock market may be dangerously overvalued. The analyst known as Short…
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Palantir Shares Drop Premarket Despite Posting Record Q3 Revenue and Strong Outlook
Palantir Technologies (NASDAQ:PLTR) shares fell more than 6% in premarket trading on Tuesday, even after the data analytics and defense software company reported another record-breaking quarter with results exceeding Wall Street estimates. The Denver-based firm posted net profit of $475.6 million on $1.18 billion in third-quarter revenue, both topping expectations. In a letter accompanying the…
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Norway’s Wealth Fund Rejects Musk’s $2 Trillion Tesla Pay Plan Ahead of Shareholder Vote
Norway’s $2 trillion sovereign wealth fund said Tuesday it will vote against Elon Musk’s massive compensation package at Tesla’s (NASDAQ:TSLA) upcoming annual shareholder meeting, marking one of the most significant challenges yet to the billionaire CEO’s leadership. Musk has previously cautioned that he might step down if shareholders reject the deal. Norges Bank Investment Management…
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Spotify Expects Stronger-Than-Expected Q4 Operating Profit as Premium Growth Accelerates
Spotify (NYSE:SPOT) projected a fourth-quarter operating profit well above analyst forecasts, citing robust user engagement and continued momentum in its premium subscription business. The company said it is “well positioned” heading into year-end, following a period of steady operational improvements and expanding user activity. Analysts have closely monitored Spotify’s path to profitability since the Swedish…
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Ferrari Falls Short of Q3 Estimates but Reaffirms Upgraded Full-Year Outlook
Ferrari (NYSE:RACE) reported third-quarter results below analyst expectations, but reaffirmed its recently raised full-year guidance, emphasizing continued strategic progress and long-term growth confidence. The luxury automaker posted earnings per share of €2.14, missing the analyst forecast of €2.41, while revenue totaled €1.77 billion, also short of the expected €1.98 billion. Operating profit climbed 7.6% year-over-year…