News

News - November 26, 2024

Photo by Khamkéo / Unsplash

Corporate Updates

Pump.fun Ends Live-Streaming: Following chaos, the platform has removed its live-streaming functionality.
Robinhood Lists Dogwifhat ($HOOD): Robinhood has added a new cryptocurrency, Dogwifhat, to its trading platform.
Walmart ($WMT): The retailer is scaling back its diversity, equity, and inclusion (DEI) initiatives.
Rumble ($RUM): Plans to purchase up to $20 million worth of Bitcoin ($BTC).
Amazon ($AMZN): Workers in over 20 countries plan to strike on Black Friday, with Charlotte Airport workers beginning their strike today.
Rivian ($RIVN): Secures a $6.6 billion conditional loan for its Georgia electric vehicle plant.
Macy’s ($M): An employee reportedly concealed up to $154 million in expenses.
Arrowhead ($ARWR): Entered a licensing deal with Sarepta Therapeutics ($SRPT).
Ruhnn Holding ($PSTX): Acquired by Roche ($RHHBF) for $1.5 billion.
Verimatrix ($VRME): Extends its share buyback program.
Toyota ($TOYO): Awarded a $150 million contract to supply solar cells, representing 100% of its market capitalization.

Market and Economic Developments

US-Mexico-Canada Tariffs: Donald Trump plans to impose a 25% tariff on Canada and Mexico over border security concerns.
Crypto Policy: Reports suggest that Trump may appoint Ripple CEO Brad Garlinghouse as a “Crypto Czar.”
Intel ($INTC): US finalizes $7.86 billion CHIPS Act award to Intel for semiconductor manufacturing.
Tax Credits Suspension: House members propose a resolution to suspend tax credits for Chinese solar companies.
Medicare/Medicaid Obesity Drugs: Novo Nordisk ($NVO) and Eli Lilly ($LLY) gain traction following Biden's proposal to include obesity drugs under federal coverage.

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News - November 25, 2024

Entertainment & Culture * Wicked and Gladiator 2 opened strong, combining for $270 million in global box office sales, signaling robust audience interest in blockbuster films. Climate & Environment * The United Nations announced a $300 billion initiative to support developing nations in combating climate change, focusing on mitigation and adaptation measures.

What exactly is PIP?

A pip (percentage in point) is a unit used to measure the smallest price movement in the exchange rate of a currency pair in forex trading. It represents a change in the fourth decimal place of most currency pairs, although exceptions exist (e.g., for pairs involving the Japanese yen)

News - November 22, 2024

Politics & Health Policy * Trump's Appointments: Donald Trump announced plans to nominate three doctors to guide health policy. He also selected Russell Vought, a key figure behind Project 2025, for a budgetary role, indicating his focus on reshaping federal budgeting. Additionally, Scott Bessent is picked as Treasury Secretary.