News

On Friday, US stocks continued their upward trend, with the Dow Jones Industrial Average (DJI) rising by approximately 0.2% and the benchmark S&P 500 (GSPC) gaining around 0.3%. The technology-heavy Nasdaq Composite (IXIC) also saw a modest increase of around 0.2%. This marked the eighth consecutive day of gains for the DJI, fueled by…

Here’s a summary of BlockFi’s rise and fall: – BlockFi, a crypto lender, was founded in 2017 by Zac Prince and Flori Marquez with the goal of providing credit services to the cryptocurrency market. – The company secured initial funding from ConsenSys Ventures in 2018, followed by larger investments from Galaxy Digital and Valar…

In the build-up to South Africa’s upcoming national elections, which are considered significant since the end of apartheid 30 years ago, the opposition Democratic Alliance (DA) has released a campaign video that has sparked controversy. The video shows the country’s flag being set alight, with a voiceover saying “This election is about survival.” The…

In a recent announcement, logistics provider FreightVana has partnered with fintech provider AtoB to offer fleets a payment card and platform to manage driver spending while on the road. According to Shannon Breen, co-CEO and co-founder of FreightVana, “The small carriers and owners just don’t have the benefits or purchasing power like their large…

Following a prolonged downtrend since hitting an all-time high in March, Bitcoin’s recent slump has shown signs of approaching a bottom, according to market analysis firm Santiment. The company stated that traders exhibited weak “buy the dip” interest during Bitcoin’s latest decline to around $60,200. This signals the potential proximity of a bottom, as…

The article discusses the author’s decision to sell their investment in Zillow Group after experiencing significant losses over the past three years. While the stock currently has a lower valuation, the author believes that major changes in the real estate market pose more downside risk than upside potential. To support their decision, the author…

According to recent statistics, half of Americans who have applied for a loan or financial product since the Federal Reserve began increasing interest rates in March 2022 have been denied. This is due to banks tightening lending standards for all types of consumer loans, including credit cards, personal loans, and auto loans, according to…

The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into 6,813 electric vehicles made by Fisker in 2023 due to complaints regarding the automatic emergency braking system. Eight consumers have reported unexpected activation of the braking feature without any visible impediments in front of their vehicles, causing sudden deceleration. Three…

The WNBA is planning on expanding to Toronto, Canada with a new franchise. The announcement was made by Canadian news outlet CBC, who cited four unnamed sources with knowledge of the deal. The Kilmer Group, led by Canadian billionaire Larry Tanenbaum, will reportedly own the team and it is set to begin playing in…

In a groundbreaking move for the Women’s National Basketball Association (WNBA), Canadian news outlet CBC and CNN’s newsgathering partner have revealed plans for the addition of an expansion franchise in Toronto. According to sources close to the matter, the ownership group will be led by Toronto billionaire Larry Tanenbaum of Kilmer Sports Inc., with…