Author: Press Room

Bitcoin and Ethereum face correction as bears dominate the market. Most high-cap cryptocurrencies share the plight, climbing down the charts and reversing the gains of the recent bull run. But some tokens are bucking the trend. A good example is Scorpion Casino ($SCORP), which continues to record large traffic of investors to its ongoing presale. So far, the trending crypto has collected $9.4M from over 17,800 investors. 🎉 Don’t miss out on our massive $250,000 giveaway! 🚀 Enter now for your chance to win big with Scorpion Casino! 💰✨ Hurry, the clock is ticking! ⏳ Enter here: https://t.co/mkx4XCvh8W#GLEAMGiveaway #WinBig #ScorpionCasino pic.twitter.com/urlWLi0S8w…

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Jeffrey Gundlach compared the AI-fueled boom in stocks to the dot-com bubble.DoubleLine Capital’s billionaire CEO predicted sticky inflation and an economic slump.Two other market gurus, Bill Gross and John Hussman, warned of extreme stock valuations this week. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Jeffrey Gundlach has warned the AI-crazed stock market reminds him of the dot-com bubble — and predicted a painful mix of stubborn inflation and economic decline lies ahead.”This feels a lot like 1999,” DoubleLine Capital’s CEO said on an X Spaces conversation this…

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San Diego Police told Apple’s Vision Pro users to keep “virtual experiences on the sidewalk.”The police posted an Instagram video showing someone crossing the street and wearing the headset. The warning follows instances of people using the headset while crossing streets or driving. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app San Diego police want you to look both ways before crossing —without a face computer covering your eyes.The San Diego Police Department posted a video on Instagram that shows a pedestrian crossing the street wearing the Apple Vision Pro…

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Since early March 2022, our team has had a long-standing buy rating on Ferrari (NYSE:NYSE:RACE). With a publication called Ferrari To RACE Again, we recorded a triple-digit stock price appreciation (Fig 1). In 2024, we were also expecting an Outperformance, but we believe the company’s valuation isn’t attractive. While we like Ferrari’s quality and long-term growth prospects, we lower our recommendation from buy to neutral. However, we raised the target price from €350 to €380 to reflect higher earnings estimates and lower expenses in the long term. We see the stock market focusing on quality companies; however, after a plus…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.AstraZeneca’s plan to pay chief executive Pascal Soriot up to £18.7mn has been branded “excessive” by two influential shareholder advisers, saying his remuneration was already competitive versus international peers.The drugmaker last month set out its pay proposal for Soriot, who will need to hit a series of targets, including for new drug approvals, earnings per share and total sales, to receive the maximum sum for his performance this year.Since taking the helm in 2012, Soriot has turned AstraZeneca into the second-largest company…

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In a recent move, Edward S. Lampert, a significant shareholder of Autonation, Inc. (NYSE:AN), has sold a substantial amount of company stock, transactions that are noteworthy for investors following insider activity. Over two consecutive days, Lampert offloaded a total of 263,100 shares of Autonation, the largest automotive retailer in the U.S. On March 20, he sold 100,000 shares at a price of $161.256 each, and the following day, he sold an additional 163,100 shares, with prices reaching up to $164.6371. The total value of the shares sold amounted to approximately $42,977,911, reflecting a significant cash-out by the investor. Following these…

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By Valerie Volcovici and Nichola Groom (Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers. Cleaning up the U.S. power industry, source of about a quarter of the nation’s greenhouse gas emissions, has been a central plank of President Joe Biden’s strategy to decarbonize the nation’s economy by 2050 to counter global warming. But in an unusual move, the Environmental Protection Agency late last week said it would take existing gas plants, which account for…

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would…

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