In recent analyst calls, Piper Sandler upgraded CrowdStrike to overweight from neutral, encouraging investors to buy the dip in the stock. Despite the challenges surrounding the global tech outage that affected millions of computers running Microsoft’s Windows operating system, CrowdStrike has the potential to make a strong rebound. Analyst Rob Owens believes that the company
Art
During a crypto convention in Nashville, Tennessee, Donald Trump announced his plan to establish a state bitcoin reserve if elected as President of the United States. This proposal includes keeping 100% of all bitcoin currently held or acquired by the U.S. government in the future, serving as the “core of the strategic national bitcoin stockpile.”
Zircuit, a ZK rollup platform with AI-enabled sequencer-level security, has officially launched its Mainnet Phase 1, marking a significant milestone for the project. The release includes the introduction of the Zircuit Mainnet Festival, a unique program that rewards users with ZRC tokens and the opportunity to win exciting prizes based on gas spent on the
Long Island Power Authority (LIPA) is gearing up to issue a $1.021 billion bond, with a fresh leadership team and an improved rating from Fitch. The bond will consist of $736 million of tax-exempt fixed-rate bonds and $285 million of tax-exempt fixed-rate mandatory tender bonds. Series A will fund capital improvements and refund existing bonds,
Asian currencies have been trading in a tight range recently, despite a weaker dollar, as concerns over a slowdown in U.S. economic growth have dampened investor sentiment. The Japanese yen, in particular, has strengthened due to safe-haven demand and expectations of more interest rate hikes by the Bank of Japan. However, the outlook for regional
Jeff Bezos, the billionaire behind Amazon, has been garnering attention not just for his extravagant purchases like luxury homes and yachts, but also for his significant investments in artificial intelligence (AI). Through his family office, Bezos Expeditions, he has directed all investments this year towards AI projects, as revealed by exclusive data from FINTRX, a
Delta Air Lines CEO, Ed Bastian, recently took steps to express gratitude towards his employees following the significant disruptions caused by a botched CrowdStrike software update that impacted thousands of customers and crew members. These disruptions led to the cancellation of more than 5,000 flights between July 19 and July 24, costing the company approximately
DraftKings recently made the decision to impose a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at increasing the company’s profits. While the company’s CEO, Jason Robins, justified the decision by comparing it to taxes in other industries, such as hotels and taxis, it raises questions
Five9 is a company that provides cloud software solutions for contact centers, catering to various industries including banking, retail, healthcare, and technology. The company has been in the spotlight due to its recent performance in the stock market and potential acquisition offers. This article aims to critically analyze the information provided and offer insights into
Goldman Sachs seems very bullish on Madison Square Garden Entertainment, citing positive catalysts and strong market characteristics. While the analyst mentions potential upside to consensus estimates, there is a lack of detailed analysis on specific financial metrics or market trends that support this bullish outlook. It would be helpful to see a more in-depth analysis