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Last updated: April 1, 2024 11:04 EDT | 3 min read Shiba Inu (SHIB) has continued its bearish trend and is currently trading around the $0.0000285 level. The recent sell-off of 533.6 billion SHIB tokens, worth $15.99 million in DAI stablecoin, by a single entity across 11 wallets has raised concerns about market stability and the influence of large holders in the SHIB community.Furthermore, the overall downward trend in the cryptocurrency market has contributed to the pressure on Shiba Inu (SHIB) coin prices.SHIB Token’s Market Dips Following Major Sell-OffA significant sale of SHIB tokens recently impacted its market performance, leading…
That description of the 81-year-old billionaire behind investment fund Trian Partners, which is waging a $25 million war to win two seats on Disney’s board, surfaced after he sued wedding planners for his daughter Nicola’s nuptials over failing to return a $159,000 deposit once he’d fired them — nine days after hiring them.The wedding planners filed a countersuit, in which they called Peltz a “billionaire bully,” saying the family made unreasonable demands on short notice, The Independent reported. The suits were later settled, but the wedding planners made a fair enough assessment of how he lives his life. That’s what…
Reddit unveiled how users will qualify for priority access to buy its stock ahead of its opening.Reddit users and moderators will be sorted into one of six tiers, according to its IPO paperwork.One of the top tiers is open to users with 200,000 karma or 5,000 moderator actions. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app You’ll need a whole lot of karma or moderator experience on Reddit if you want the chance to buy into the company’s stock at its IPO price ahead of its public debut.Reddit’s…
Here at the Lab, we like utility companies, and our team recently upgraded Enel and E.ON. Today, we are back to comment on Engie (OTCPK:ENGIY). On the French player, we were in a Wait-and-See mode, and as reported in our last analysis, we were expecting a reassuring outlook and a simplified business model before changing our valuation. That said, before commenting on the company, we should take a step back and look at the sector. Looking at the utilities sector, it is evident that it has been underperforming the market since 2022 (Fig 1). Considering the ongoing Russia-Ukraine war and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Istanbul’s opposition mayor Ekrem İmamoğlu was leading against President Recep Tayyip Erdoğan’s ruling party in Sunday’s pivotal municipal elections, according to preliminary returns. İmamoğlu was ahead of Erdoğan’s mayoral candidate Murat Kurum by 8 percentage points on about 50 per cent of the vote, with almost a third of ballot boxes opened, according to state news service Anadolu Agency. Political contests took place across Turkey on Sunday, but no local election carries as much national or international resonance as the one in…
In a video posted online by a person affiliated with a Democratic advocacy group, Republican Rep. Tim Walberg can be heard, but not seen, appearing to suggest bombs should be dropped on Gaza “like Nagasaki and Hiroshima” to “get it over quick.” Walberg insists he was speaking metaphorically when he made the WWII-era reference to US atomic strikes against Japan. Read the full article here
By Daina Beth Solomon and Alexander Villegas SANTIAGO (Reuters) – China’s Tianqi Lithium Corp on Friday urged Chile’s SQM to hold a shareholders vote over a lithium deal under discussion with state-run miner Codelco, and criticized a lack of clarity in the negotiations. Tianqi holds about a 20% stake in SQM, which is ironing out the details of a joint venture with Codelco as part of a government mandate to boost state control over the lithium industry. “It is indispensable that the agreement that is reached between SQM and Codelco is approved by the shareholders,” the company said in a…
Investing.com — The recent surge in the price of gold has captured the attention of investors. As closed at record-breaking highs, many are wondering whether it’s still a prudent time to invest in the precious metal. Gold Price Today The price closed Monday’s session at $2,114 per ounce after touching a high of $2,119. However, that rally has continued so far on Tuesday, with the spot price of the yellow metal currently at $2,127 per ounce, not far off its record high set in December last year. With investors continuing to bet on the Federal Reserve cutting rates in June,…
By Herbert Lash NEW YORK (Reuters) -The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve held interest rates steady as expected and policymakers still projected three U.S. rate cuts this year even as inflation remains elevated. The Fed’s updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by year-end, compared to 2.4% in the projections the U.S. central bank issued in December. The new policy view also raised the outlook for the U.S. economy. Policymakers now see growth at 2.1% this…
