Tag: Breaking News: Investing

CEO of Yotta reports that 85,000 bank accounts are currently locked

The recent financial crisis at Yotta, a fintech startup co-founded by Adam Moelis, has left thousands of customers in distress as their accounts have been locked due to a dispute between Yotta’s banking partners. The crisis, which started on May 11, has affected 85,000 customers with a combined savings of $112 million, leaving many unable […]

Nelson Peltz divests from Disney stake

Activist investor Nelson Peltz has made headlines yet again, this time for selling his entire stake in Disney at roughly $120 per share. According to a source familiar with the matter, Peltz’s move resulted in a profit of about $1 billion on the position, despite the stock currently trading for around $100 per share. This […]

A potential $25 billion market opportunity for the emerging cancer treatment

Big pharma is making big investments in the field of targeted radiopharmaceutical therapy, which delivers radiation directly into tumors by attaching radioactive particles to targeting molecules. This emerging class of cancer treatments has caught the attention of Wall Street, with RBC Capital Markets estimating a $25 billion market opportunity. Novartis, a market leader in targeted […]

Customers report difficulty accessing funds

The ongoing dispute between a fintech startup and its banking partners has caused a major upheaval, leaving potentially millions of Americans without access to their money for nearly two weeks. Synapse, a startup backed by Andreessen Horowitz, serves as a middleman between customer-facing fintech brands and FDIC-backed banks. However, disagreements about customer balances have led […]

Ether continues to climb after 20% surge, driven by renewed optimism for ETFs.

Cryptocurrencies surged higher on Tuesday as optimism grew around the potential approval of spot ether exchange-traded funds by the U.S. Securities and Exchange Commission. The leading cryptocurrency, Ether, saw an impressive 8.5% increase, reaching $3,661.12, following a 20% surge the day before. In a similar vein, Bitcoin also added 2%, trading at around $71,350, surpassing […]

Jamie Dimon, JPMorgan CEO, Suggests Possible Retirement in Next 5 Years

Jamie Dimon, Chairman and CEO of JPMorgan Chase, recently indicated that his expected tenure at the company is less than five more years. This news marks a significant change from Dimon’s previous responses to succession questions, where he had consistently stated that retirement was perpetually five years away. The ambiguity surrounding Dimon’s plans has made […]

Maximize Your Summer Adventures with Credit Card Benefits

As the days get longer and warmer, many Americans are gearing up for summer travel. According to NerdWallet’s 2024 summer travel report, almost half of Americans are planning a summer trip that will cost an average of $3,594. While 83% of travelers plan to use a credit card to cover part of their vacation expenses, […]

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