According to analyst predictions, the fourth quarter was expected to be difficult for Cleveland-Cliffs, with an estimated loss of $0.63 per share on sales of approximately $4.9 billion. However, the company managed to meet its revenue goal and exceeded expectations in terms of earnings, reporting a loss of merely $0.50 per share.
Ah, the fickle masses! Yesterday they spat upon this token; today they kneel before it. A rally fueled not by reason, but by the fevered hopes of men chasing mirages. 🎭
Self-driving car technology appears nearly ready for mainstream use, and financial analysts are extremely enthusiastic, predicting a potential revenue opportunity of $300 billion to $400 billion by 2035. Companies like Lucid could capitalize on this long-term growth, as they have recently partnered with ride-sharing giant Uber Technologies. According to Uber, their plan is to deploy thousands, possibly up to 20,000 or more, of Lucid vehicles equipped with the Nuro Driver™ over a six-year period across numerous global markets.
Reddit’s WallStreetBets community has taken notice of Opendoor, which in turn has been fueled by a significant level of short interest. Consequently, the stock has surged remarkably this month, with its value nearly doubling six times over (approximately 600% increase) as we speak.
Over the next couple of weeks, specifically July 23 for Tesla and July 31 for Apple, both companies are due to release their second-quarter financial results. Investors are keeping a close eye on these developments. Should either company be offloaded prior to the release of these reports?
Over the past week, the U.S. House of Representatives supported three bills concerning cryptocurrency that investors find optimistic for the industry as a whole. Two of these bills aim to establish guidelines for stablecoins and digital assets. Notably, President Donald Trump has already signed into law one of these bills, known as the Genius Act, which pertains to stablecoins, following its approval by both the House and Senate.
In my observation, Buffett invests in equities that offer exceptional value compared to their underlying businesses. If the market is willing to overpay for a particular stock, he’s content to part ways with it. This strategy keeps him largely out of the fray when stocks become excessively priced.
On the 21st of July, the remarkable Upexi announced this splendid acquisition which has now swelled their treasury to a princely total of over 1.8 million SOL, estimated to be worth more than $331 million at the juncture of this purchase. One can hardly contain their astonishment! During this particular acquisition, completed on the 17th of the same month, they procured approximately $17.7 million worth of this digital treasure, with each token procured at the ludicrously delightful average price of $176.77. Oh, how delightful for their coffers! 💰
Table of Contents — because who doesn’t love a good list?
On Friday evening, President Donald Trump gave his approval to the Cryptocurrency Act (Genius Act) as law. This act was one of several pieces of legislation approved by the U.S. House of Representatives during “Crypto Week,” and aims to establish a structure for stablecoins – digital currencies tied to commodities or fiat money. Many investors anticipate that these passed bills could foster a more favorable regulatory landscape for cryptocurrency in the future.
