Author: Anthony M. Orbison
Cardano’s (ADA) longstanding price woes have dampened crypto traders’ enthusiasm about the smart contract platform’s future, but one analyst thinks that lack of enthusiasm indicates a potential opportunity. Ali Martinez tells his 73,700 followers on the social media platform X that he thinks it’s actually a good time to buy more ADA. “Cardano investors seem deep in the depression phase of the market cycle — but that’s often where opportunities lie. Selling now might not be ideal; instead, accumulating ADA during such pessimism could pay off.” Source: Ali Martinez/X ADA is trading at $0.339 at time of writing. The 12th-ranked…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Stellantis has announced a radical global management shake-up as the European carmaker behind the Peugeot, Fiat and Jeep brands seeks to reverse its fortunes amid declining profits and steep production cuts.The carmaker said on Thursday night that Antonio Filosa, CEO of Jeep, would be the new head of its US operations, and Doug Ostermann would replace Natalie Knight as group chief financial officer. The Maserati and Alfa Romeo marques would have a new chief executive, and there would be new chief operating…
By Nora Eckert DETROIT (Reuters) -Chrysler parent Stellantis (NYSE:) confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations. Earnings and sales in the French-Italian automaker’s traditional profit powerhouse have been declining, forcing it to last week cut its 2024 profit forecast and signal possible reductions to its dividend and share buybacks next year. Analysts have downgraded the company’s stock, which has tumbled 42% this year after missteps in North America, where sales of popular…
Decentralized exchange Uniswap has entered the layer-2 solution landscape with its new initiative to “accelerate Ethereum’s scaling roadmap.” Uniswap, one of the largest decentralized exchanges by trading volume, has unveiled Unichain, a new open-source Ethereum-based layer-2 network designed to enhance transaction speed, reduce costs, and improve liquidity across decentralized finance. Introducing @unichain — a new L2 designed for DeFi ✨Fast blocks (250ms), cross-chain interoperability, and a decentralized validator networkBuilt to be the home for liquidity across chains pic.twitter.com/lqfJh6Ltio— Uniswap Labs 🦄 (@Uniswap) October 10, 2024 In a press release shared with crypto.news on Oct. 10, Uniswap Labs stated that the…
The brewing proxy fight between activist Starboard Value and pharmaceutical giant Pfizer has already taken a hostile turn. Anonymous sources have been disparagingly suggesting that Pfizer CEO Dr. Albert Bourla should be removed. After news reports suggested they initially sided with the activists, former Pfizer CEO Ian Read and former CFO Frank D’Amelio switched sides, abandoning their erstwhile Starboard allies and expressing their support for Bourla. Then, Starboard Value Founder Jeff Smith reportedly issued a fiery letter to Pfizer’s board, alleging intimidation and coercion. We don’t know for sure what Starboard’s turnaround plan contains. It has allegedly created an “extensive…
The Social Security Administration began issuing Cost of Living Adjustments (COLA) in 1975 to maintain the purchasing power of the payments. The adjustments typically mirror inflation rates, but years of inflation have kept consumer prices at an all-time high.Now that inflation has been cooling for months, the administration announced that the 2025 COLA will be 2.5%, which is closely tied to the September 2024 Consumer Price Index release. While payments will increase, many retirees are concerned Social Security payments aren’t growing enough to match the sustained high living expenses of housing, groceries, and healthcare.Related: The average American faces one major 401(k)…
Former US President Donald Trump’s newest crypto project, World Liberty Financial (WLFI), is eyeing a launch on the Aave Ethereum Mainnet. Indeed, the decentralized finance project debuted on September 18th but is now facing a new proposal that will launch it on Aave V3 if approved.The endeavor is yet another foray for Trump into the world of Web3 and cryptocurrencies. Throughout his bid for re-election in 2024, Trump has made crypto one of his main focuses. Subsequently, WLFI is set to be his most involved digital asset project to date, following his NFT trading card unveiling last year.Source: Saul Loeb…
While large-scale insider sales don’t necessarily mean a publicly traded company’s management is abandoning ship, they generally don’t inspire investor confidence. News of such a divestment hit Medical Properties Trust (NYSE: MPW) on Thursday, and the resulting sell-off saw the shares lose slightly more than 4% of their value.A director sold a chunk of stockA regulatory document filed after market close on Wednesday revealed that Medical Properties Trust director Michael Stewart sold 32,780 shares of its common stock. The price was $5.46 per share, and the sale left Stewart with 221,245 shares remaining in his portfolio.That isn’t a massive chunk…
By Amina Niasse NEW YORK (Reuters) -The U.S. government announced quality ratings for 2025 Medicare health and prescription drug plans on Thursday, the first indication of which large health insurers, including CVS Health (NYSE:), UnitedHealth Group (NYSE:) and Humana (NYSE:), will get bonus payments in 2026. Sixty-two percent of people currently enrolled in Medicare Advantage plans that cover prescription drugs are covered by plans rated four or more stars, the Medicare agency said in its release, down from 74% last year. About 40% of plans being offered are four stars or higher, down from 42% in 2024. The agency scores…
The Securities and Exchange Commission (SEC) charged Chicago-based crypto market maker Cumberland DRW for allegedly operating as an unregistered securities dealer on Oct. 10.According to the SEC’s complaint, Cumberland has traded over $2 billion in crypto classified as securities since at least March 2018.The agency alleges that these activities, conducted through Cumberland’s trading platform Marea and over the phone, violated federal securities laws intended to protect investors.Jorge G. Tenreiro, acting chief of the SEC’s Crypto Assets and Cyber Unit, stated:“The federal securities laws require all dealers in all securities to register with the Commission, and those who operate in the…