Semler Scientific, a relatively unknown medical technology company, made headlines recently when it revealed its decision to make bitcoin its primary treasury reserve asset. This strategic move, reminiscent of MicroStrategy’s approach, caused a surge in Semler’s shares by a staggering 37% on Tuesday. Alongside this announcement, Semler disclosed the purchase of 581 bitcoins valued at
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As buy now, pay later programs become more common, some shoppers are using this payment structure to make ends meet. Americans owe $17.5 trillion across credit cards, mortgages, auto loans and other forms of debt, according to the Federal Reserve Bank of New York. About $1.12 trillion of that is on credit cards. Buy now,
One of the top recommended stocks by Wall Street analysts is Monday.com (MNDY). This workplace management software maker has recently impressed investors with its upbeat first-quarter results. The strong demand for its products across all end markets has driven this positive sentiment. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Monday.com stock post
Travel enthusiast Lora Bowler, like many others, is reevaluating her vacation spending. Despite her love for luxurious getaways, she has realized the need to cut back on expenses, especially after overspending in 2023. Embracing the concept of travel hacks and benefits, Bowler has turned to hotel day passes as a more affordable option for pampering
Norfolk Southern, a major railway company, has reached a settlement agreement to pay a substantial sum of $310 million to address the aftermath of a toxic train derailment that occurred in East Palestine, Ohio, in February 2023. The company disclosed that a significant portion of the settlement, approximately $235 million, will be allocated towards covering
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
The S&P 500 recently reached a new record close, with a remarkable 53% increase since the peak of inflation in 2022. Experts at the CNBC Financial Advisor Summit highlighted the positive outlook for equities, with Savita Subramanian from Bank of America expressing a strong confidence in the market. Despite concerns such as wealth inequality and
The Consumer Financial Protection Bureau recently announced new regulations for the growing buy now, pay later (BNPL) industry. According to the agency, BNPL lenders must adhere to the same federal protections as traditional credit card providers under the Truth in Lending Act. This means that companies like Affirm, Klarna, and PayPal must comply with rules
Chinese electric car company Xpeng has recently seen a significant increase in its shares following the announcement of an improvement in its profit margin. The company’s Hong Kong-listed shares rose more than 13% in morning trade on Wednesday, with U.S.-listed shares also climbing by nearly 6% after reporting first quarter results. Xpeng reported a 5.5%
Federal Reserve Governor Christopher Waller recently made comments suggesting that he believes further interest rate increases may not be necessary due to easing inflation. While Waller acknowledged that central bankers should never say never, he pointed to various data indicating that inflation is not accelerating. Impact of Fed’s Higher Rates Waller highlighted the impact of