David Portnoy, a prominent entrepreneur and influencer, recently announced his intention to acquire more Bitcoin once the price aligns with his criteria. He emphasized in a published video that he would not consider purchasing Bitcoin at the $60,000-61,000 price range. However, if the price falls below $50,000, Portnoy plans to invest between $5-10 million in
investment
The U.S. Track & Field Olympic Trials this year have seen a significant presence of unsponsored athletes, challenging the traditional sponsorship model for professional athletes. A total of 35 athletes are being supported by Bandit Running’s Unsponsored Project, a unique initiative aimed at providing opportunities for up-and-coming competitors in the sport. Instead of having to
Bitcoin’s price has remained stagnant in the $60,000 to $70,000 range since March, and as June comes to a close, it is on track to record a 10% decrease in value, making it the worst month since April. Investors are cautiously optimistic, as July typically marks a strong month for bitcoin, with historical data showing
The current market landscape has been predominantly dominated by the technology sector, witnessing a remarkable 28% surge in 2024. Giants like Nvidia have more than doubled in value, showcasing the strength of tech stocks in the recent bull rally. On the other hand, small-cap indexes such as the Russell 2000 have shown minimal growth, rising
Bank of America’s recommendation to buy shares of Viking, the luxury cruise company, may seem enticing at first glance, but upon closer inspection, it becomes evident that there are significant risks involved. While analyst Andrew Didora highlights Viking’s unique business model and high daily net per diems, he fails to address the potential challenges the
As June came to a close in 2024, the municipal market seemed to end on a quiet note. Despite a new-issue slate of only $240 million, there were still significant movements to observe. Munis were able to outperform U.S. Treasuries on Friday, maintaining stability while government securities experienced losses. Equities also saw a decline following
Nike CEO John Donahoe has been facing increasing scrutiny and criticism from Wall Street after the company reported a decline in sales for its current quarter, which was even worse than projected. In addition, the company expects sales to be down in fiscal year 2025, a significant deviation from previous expectations. This led to a
The municipal bond market saw minimal changes on Thursday as the largest deals were priced, leading to a somewhat stagnant situation. U.S. Treasury yields experienced a decrease, while equities showed an uptick towards the end of the day. According to Refinitiv Municipal Market Data and ICE Data Services, the muni-to-Treasury ratios ranged from 66% to
The House Committee on Transportation and Infrastructure has raised concerns over the slow pace at which the Department of Transportation (DOT) is distributing Infrastructure Investment and Jobs Act (IIJA) funds. Despite receiving over $364 billion since the enactment of IIJA, the DOT has only obligated a little over half of the funds and outlaid a
The current landscape of Wall Street deals is showing signs of a comeback, with completed mergers and acquisitions up 16% in the second quarter compared to the previous year. This promising trend is expected to benefit a variety of asset managers, banks, and advisors, according to analyst Andrei Stadnik. The recent financials conference hosted by