So I guess the American Midwest is getting sugar daddy—and surprisingly, it’s not the federal government. In short, Hussain Sajwani, billionaire founder of DAMAC Properties is about to send $20 billion in investment dollars straight into America’s breadbasket. Why? To build a network of data centers that will feed the insatiable beast that is artificial intelligence and cloud computing. Oh and since Sajwani’s announcement came with a side of Mar-a-Lago glamor, as he stood...
Well, well, well... how the turntables. Remember when Facebook Marketplace was that annoying feature clogging up your feed with your neighbor's questionably stained couch? Turns out Meta just threw eBay the biggest bone since PayPal let them crash on the futon back in their scrappy startup days. In what can only be described as a "We're not competing, we're collaborating.” move, Meta announced it's letting eBay listings crash the Facebook Marketplace party. And...
Palantir is down 10% in the last five days, and the blame falls squarely on insiders who appear to be dumping shares like the Hawk Tuah girl dumped $HAWK on her fans right after launching. First up is Ryan D. Taylor, Palantir’s Chief Legal and Business Affairs Officer… the guy in charge of keeping the company’s legal ducks in a row and preventing anyone from dragging Palantir into court (too often). Apparently, his busy schedule didn’t stop him from carving out ti...
If the power sector had a red carpet, Constellation Energy would be having its Oscars moment. Why? Well because with private equity owners looking to cash out, Constellation Energy is reportedly gearing up to make one of the largest power generation deals in history, with rumors swirling about a $30 billion acquisition of Calpine Corp. (Source: Giphy) Now if Calpine sounds familiar, it’s because the company made headlines back in 2017 when it was taken private for $17 billi...
While everyone was watching her buy $10 million worth of beaten-down AMD shares, Cathie Wood (aka Mama Cathie) was quietly loading up on something way more exciting and, let’s be real, a lot riskier, which is just her flavor. I’m talking about electric air taxis. Yes, you read that right. This is not a joke. The woman known for her yolo moves on Tesla and bitcoin is now hitching a ride with Archer Aviation, a company that’s taking their drone obsession past even New Jersey&rsqu...
So I guess the American Midwest is getting sugar daddy—and surprisingly, it’s not the federal government. In short, Hussain Sajwani, billionaire founder of DAMAC Properties is about to send $20 billion in investment dollars straight into America’s breadbasket. Why? To build a network of data centers that will feed the insatiable beast that is artificial intelligence and cloud computing. Oh and since Sajwani’s announcement came with a side of Mar-a-Lago glamor, as he stood...
If there’s one song to making your stock do a happy dance, it’s slapping the word “Nvidia” somewhere in the press release. Aurora Innovation learned this the fun way when their shares skyrocketed 35% today, following the announcement of a long-term deal with Nvidia and Germany’s Continental to roll out self-driving trucks. (If there's one thing we’re all craving, it’s more 18-wheelers… except this time, without drivers). Aurora, a compa...
Imagine being the CEO of a company down 87% over five years (I mean at that point, you’d probably be debating whether or not you should rob a bank). That’s where Sana Biotechnology was just yesterday… the poster child for biotech heartbreak. But today, they decided to pull a Lazarus. Shares are up an astronomical 199% so far today, all thanks to some “groundbreaking” (their words) Type 1 diabetes clinical trial results. Sana announced results from an early-s...
If you thought the streaming industry couldn’t get any messier, Disney and Fubo just teamed up to prove you wrong. In what feels like a plot twist from a reality show no one saw coming, Disney is merging its Hulu + Live TV service with Fubo to form a new mega live-TV streaming venture. And because Disney doesn’t do anything halfway, it’s snagging a 70% ownership stake, leaving Fubo holding the other 30%. So, yes, this is technically a “partnership,” but let’s...
Quantum stocks were flying sky high, lifted by the kind of hopes and dreams that could sell beachfront property in Kansas. Investors were convinced quantum computing was the next big thing, an evolutionary tech that could take the entire AI industry behind the barn and shoot it. Then Jensen Huang, Nvidia’s CEO stepped in with a wet blanket and said, “Chill out guys.” During Nvidia’s analyst day, Huang dropped a forecast that felt like a hurricane for investors who...
Do you hear that sound? It’s the sound of Context Therapeutics (an under the radar gem) getting a massive standing ovation from JMP Securities. And naturally, Wall Street and retail traders alike are paying close attention. (Source: Giphy) In short, Context’s stock popped 7% in pre-market yesterday (which for a micro-cap biotech is basically just two guys trading shares back and forth) after JMP slapped an "Outperform" rating on it with a $4 target. Th...
March 10th, 2023 will mark two years since Silicon Valley Bank became a cautionary tale for anyone who thought bond losses were a "just a paper problem." If you don’t know by now… they’re not. Rising interest rates back in 2021 lit the $212 billion bank’s balance sheet on fire. The Biden administration swooped in to save the day, but not before every other bank CEO started applying for new jobs on Indeed. Fast forward to today, and the banking sector may be fac...
In what might be the biggest photography collab since Kim K's wedding photos hit Instagram, Getty Images and Shutterstock just announced they're getting hitched in a $3.7B merger. And unlike my brother-in-law’s third wedding, this one's actually got people excited. Getty's calling this a "merger of equals," which is corporate speak for "we're both getting absolutely wrecked by AI, so let's hold hands while we jump." Shutterstock shareholde...
Quantum stocks were flying sky high, lifted by the kind of hopes and dreams that could sell beachfront property in Kansas. Investors were convinced quantum computing was the next big thing, an evolutionary tech that could take the entire AI industry behind the barn and shoot it. Then Jensen Huang, Nvidia’s CEO stepped in with a wet blanket and said, “Chill out guys.” During Nvidia’s analyst day, Huang dropped a forecast that felt like a hurricane for investors who...
Well, it looks like Flutter Entertainment, parent to FanDuel, just found out what happens when every basic bro's parlay hits (spoiler: it's not great for business). In short, the house doesn’t always win, apparently and Flutter shares proved it. Investors saw the stock drop 4.7% Tuesday after it announced a streak of unfavorable NFL outcomes in Q4. (Source: Giphy) How unfavorable you ask? Try a $438M hit because Chad from accounting finally got his "Bills...
Imagine being the CEO of a company down 87% over five years (I mean at that point, you’d probably be debating whether or not you should rob a bank). That’s where Sana Biotechnology was just yesterday… the poster child for biotech heartbreak. But today, they decided to pull a Lazarus. Shares are up an astronomical 199% so far today, all thanks to some “groundbreaking” (their words) Type 1 diabetes clinical trial results. Sana announced results from an early-s...
45,000 dockworkers, a handful of semi-automated cranes, and a ticking January 15 deadline: Welcome to the International Longshoremen’s Association (ILA) vs. The Future of Work—a battle that could shut down ports on the East and Gulf coasts, freeze half the nation’s container traffic, and slap a multibillion-dollar price tag on the economy. If this sounds like deja vu, it’s because it is… and we’re on the edge of starting this whole circus over again. ...
Well friends, Hoth Therapeutics just had their own “I am the one who knocks” moment in the biotech world (except, unlike Breaking Bad…it’s totally legal and actually helping people). Shares of the micro-cap biotech company (ticker: HOTH) skyrocketed 215% on Tuesday, proving once again that all it takes to send retail investors into a frenzy is a little good news—and by “a little,” I mean 100% success rate in a Phase 2a clinical trial. Yeah, they actuall...
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