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SEI’s bullish setup is starting to take shape, and we might be looking at the best entry point in weeks, but there’s an important catch. We’ve seen SEI spend the past three weeks consolidating in a defined range while everything else in the altcoin space has ripped. So is now the time to ape into SEI? … Read more
PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected … Read more
Asia editor Nick Gordon here, filling in for Allie Garfinkle. The future of AI is in Asia. At least, that’s the message you’d have gotten at our Fortune Brainstorm AI Singapore conference, which wrapped up in the Southeast Asian city last week. We covered AI’s impact on just about everything: health care, banking, agriculture, video gaming, … Read more
In the summer of 2021, Dimitrious Kottas made a move that would be unfathomable to most Silicon Valley engineers: after leaving his coveted position at Apple’s Special Projects Group, he packed up his life in California and moved back to Athens to start a defense company. Three and a half years later, his startup, Delian … Read more
Bonnie Blue’s mom, Sarah, is proud of her daughter’s success. “If you could earn £1 million a month, you’d get your bits out,” Sarah said in the upcoming documentary 1,000 Men and Me: The Bonnie Blue Story, according to the Independent. Per the outlet, Blue, 26, earns about 1.5 million pounds (approximately 2 million USD) … Read more
Key Takeaways BitMine has authorized a $1 billion stock repurchase program following board approval. The firm holds significant Ethereum and Bitcoin reserves, with its Ethereum holdings valued at $2.35 billion. Share this article Ethereum treasury company BitMine Immersion Technologies (BMNR), backed by billionaire Peter Thiel and Cathie Wood’s ARK Invest, announced Tuesday that its Board … Read more
Medical bottles and a syringe are seen with the Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Danish pharmaceutical giant Novo Nordisk on Tuesday cut its full-year sales and profit guidance, citing weaker growth expectations for its blockbuster Wegovy obesity drug in the key U.S. market. The … Read more
European stocks are up 0.93% today, and the STOXX Europe 600 index is again approaching an all-time high. (By contrast, S&P 500 futures are only up 0.28% this morning.) Given that the U.S. just slapped Europe with a 15% tax on all its exports to America, why are investors in Europe so bullish? One theory … Read more
Middle Eastern food delivery startup Calo said Tuesday it has raised $39 million in a Series B extension that was led by AlJazira Capital. The fundraise, which was more than 1.5x of its original $25 million raise in December, also saw participation from existing backers such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah … Read more
Hulk Hogan’s son, Nick Hogan, attended a somber WWE tribute to the late wrestling icon. Nick, 35, was among the dozens of people standing onstage as WWE Raw opened with a 10-bell salute to Hulk on Monday, July 28, four days after the wrestling legend’s death at the age of 71. The crowd roared and … Read more
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