Anduril Industries laid out a $3.7 billion plan to build a Maryland shipyard aimed at turning out key hardware for the U.S. Navy’s Virginia-class submarines. The effort pairs private spending with a potential multibillion-dollar Navy deal, giving the defense tech company a bigger role in the submarine supply chain. The Navy also awarded a contract […]
UnitedHealth: Probe Examines Alleged Bribes, Care Delays and Coverage Denials
Texas Attorney General Ken Paxton is probing UnitedHealth Group Inc. (NYSE:UNH) over accusations of unlawful and deceitful methods that allegedly block residents from receiving essential medical care. Investigating Unlawful Healthcare Practices The investigation centers on numerous reports that the health insurer mismanaged insurance benefits and patient-care choices. Among the allegations, authorities claim the company improperly […]
Amazon Pledges $1 Billion to Win Over Communities as AI Data Center Backlash Intensifies
Amazon Web Services, the cloud unit of Amazon.com Inc. (NASDAQ:AMZN), will invest more than $1 billion over five years in U.S. communities that host its data centers, as local opposition to AI infrastructure intensifies. The company said on Friday that the money will fund education, job training, energy affordability and water and energy preservation. It […]
Only Michael Saylor’ Can Do Strategy’s Treasury Model
Economist and author Saifedean Ammous on Thursday said Strategy’s (NASDAQ:MSTR) Bitcoin treasury model may be impossible for any other company to replicate. Why Strategy Has No Real Competitor Ammous told Cointelegraph’s Proof of Thesis podcast that holding cash-flow-positive earnings in Bitcoin (CRYPTO: BTC) as a long-term treasury strategy is a sound business model with room […]
Anthropic Isn’t Public Yet. There’s Already an ETF Filed to Short It at 2x
Anthropic is heading toward one of the most closely watched AI IPOs ever, and GraniteShares is preparing a way for traders to bet against it from day one. The ETF issuer has filed for the GraniteShares 2x Short Anthropic Daily ETF (ANS), which would seek -200% of Anthropic’s daily stock performance once the Claude maker […]
TikTok to Pay $100 Million to Alabama to Settle Child Safety Claims in First-Ever State Deal
TikTok has reached a settlement with Alabama over allegations that the platform was designed to addict children and mislead consumers about the safety of its platform. The state will receive a minimum of $100 million within 45 days and has the potential to get up to $300 million if certain unspecified conditions are met, according […]
JPMorgan Turns Contrarian on Interest Rates, Upgrades 3 REITs
JPMorgan Chase has issued a vote of confidence in U.S. real estate. On Thursday, September 24, the bank upgraded three real estate investment trusts (REITs) from Neutral to Overweight. The timing is contrarian. The 10-year Treasury yield sits near 5.11%, and the Real Estate Select Sector SPDR ETF (NYSE:XLRE) is a notable laggard, up just […]
Trump’s Strategy Stock Trades Draw Scrutiny as MSTR Surges 83%
President Donald Trump’s stock accounts sold Strategy (NASDAQ:MSTR) shares in June, bought back in late July, and the stock has since climbed 83%. What the Filing Shows A federal ethics filing posted September 22 shows the accounts sold Strategy shares worth $16,002 to $65,000 combined on June 23 and June 24, just before the stock […]
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Tesla Bull Urges Investors To Do Their Own Research: ‘…CEOs Are Paid To Be Optimistic…’
December 30, 2024
The Future Fund LLC Managing Partner Gary Black on Sunday urged investors to do their own research instead of relying on comments from company management before making investment decisions. What Happened: The Achilles heel of many smart investors is they accept what company managements tell them rather than do their own independent research. Black said […]
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