In a recent announcement by HIVE Digital Technologies Ltd. (HIVE), a correction was made to the HODL value in its unaudited production results for August 2024. The corrected HODL balance as of August 31, 2024, was 2,567 Bitcoins, not the previously reported 2,533 Bitcoins. This correction was significant as it resulted in a discrepancy in
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Los Angeles is gearing up to host the 2028 Olympics, following a successful event in Paris in 2024. Mayor Karen Bass expressed her anxiety about the preparations needed for the Games but remains confident that the city will rise to the occasion. Reflecting on the 1984 Olympics in Los Angeles, Mayor Bass believes that the
Southwest Airlines is undergoing a significant shift in leadership with the announcement that executive chairman and former CEO Gary Kelly will retire next year. This decision comes after nearly four decades of service at Southwest, and in the wake of pressure for changes by activist investor Elliott Investment Management. It is evident that change is
Starbucks’ new CEO, Brian Niccol, has outlined his strategy to first improve the chain’s U.S. business before tackling issues abroad. In an open letter addressed to customers, employees, and stakeholders, Niccol acknowledged the shortcomings in some U.S. locations, citing inconsistent product quality, long wait times, overwhelming menus, and hectic handoffs as areas that need improvement.
The National Football League has been strategically expanding its audience reach through exclusive streaming deals with media companies. With the ever-changing landscape of media consumption, the NFL has adapted by securing partnerships that allow fans to access games through various streaming platforms. This shift towards streaming was evident in the 11-year, $111 billion media rights
In the fast-evolving Web3 ecosystem, traditional financing models have proven to be inadequate for the unique needs of cryptonative businesses. The over-collateralization requirements and rigid repayment terms have been major obstacles in obtaining growth capital, stifling innovation and impeding progress. However, Credit Coop has emerged as a game-changer by offering innovative financing solutions that leverage
California has recently announced its plans to sell $2.5 billion of tax-exempt general obligation bonds, marking the state’s second largest offering in the current year. The purpose of this sale is to finance voter-approved projects, pay down outstanding commercial paper, and refund outstanding general obligation bonds. Fitch Ratings has assigned a AA rating with a
Starboard Value, an activist investor, has made a bold move to dissolve News Corp’s dual-class share structure. This is seen as a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. The push was initiated through a non-binding shareholder resolution, indicating a strong desire to shake up the current ownership
In September 1916, the world witnessed a groundbreaking moment when the first billionaire was announced, marking a significant milestone in wealth accumulation. Fast forward more than a century later, and the race to reach the trillionaire mark is still ongoing, sparking curiosity and intrigue among wealth enthusiasts. With several companies already crossing the trillion-dollar threshold,
The recommendation of Planet Fitness by top Wall Street analysts seems promising, with the company’s recent better-than-expected results for the second quarter and reaffirmed full-year guidance. However, the reliance on the strength of the company’s asset-light franchise model raises some concerns. Will this model be sustainable in the long term, especially in an industry that