Business
Mercedes Executive Admits $1B AMG Electric GT ‘Shouldn’t Exist’ Amid EQ Sales Crisis
Mercedes-Benz spent $1 billion developing an electric AMG GT 4-Door that an unnamed senior executive reportedly admits shouldn't exist. The revelation follows a 90% collapse in the company's EQ sales throughout 2024.
Business
Citadel Securities Injects $400M Into Crypto.com at $20 Billion Valuation
Citadel Securities has acquired a 2% stake in Crypto.com through a $400 million investment, valuing the exchange at $20 billion as Wall Street accelerates its push into tokenized trading.
Business
Understanding the Trent Stock Crash: Valuation Mismatches and Zudio’s Growth Slowdown
Trent's stock dropped sharply after Q1FY27 revenue growth missed Wall Street's targets. Analysts from Citi flagged a double-digit decline in average revenue per square foot.
Business
T. Rowe Price Debuts First Active Multi-Token Crypto ETF on NYSE Arca
T. Rowe Price just launched TKNZ, the first actively managed, multi-token spot crypto ETP in the US. The fund skips passive tracking to actively rotate a portfolio anchored by a 40.75% Bitcoin allocation.
Business
Lyn Alden Launches $40M ‘Orange Juice’ Bitcoin Holding Firm to Acquire Small Businesses
Macroeconomist Lyn Alden has launched Orange Juice, a $40 million holding company backed by Ricardo Salinas that buys small businesses and converts their profits into a Bitcoin treasury.
Business
SanDisk Stock Eyes $3,000 Target as Bernstein Defends Memory Spinoff
Bernstein analyst Mark Newman maintains a $3,000 price target for SanDisk (SNDK), even as major customer CoreWeave actively hedges against a potential drop in memory chip prices.