New America Acquisition I Corp., a blank-check company backed by Eric Trump and Donald Trump Jr., raised $300 million in its initial public offering, pricing shares at $10 each. The company’s stock rose roughly as much as 4.7% in its debut on Thursday, Dec. 4, reflecting investor optimism for SPACs after years of volatility and […]
Michael Saylor Claims Bitcoin Is Bigger Than Google And The US Navy Combined
Bitcoin (CRYPTO: BTC) gained fresh attention on Wednesday after Strategy executive chairman (NASDAQ: MSTR) Michael Saylor said the asset now consumes more power than the U.S. Navy and the combined infrastructure of Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL). Washington’s Leadership Shift Sets A New Tone Speaking at Binance Blockchain Week, Saylor said Bitcoin’s rise from speculative instrument […]
Amazon Runs 900+ Data Centers To Fuel AI Demand: Report
Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services quietly operates one of the world’s biggest data-center empires — more than 900 facilities across 50+ countries — far larger and more dispersed than most investors realize. By renting hundreds of confidential colocation sites and rapidly expanding to power soaring AI demand, AWS has built the global infrastructure backbone […]
Tom Lee Says Bitcoin, Ethereum Crash Wasn’t Macro but A ‘Software Bug’
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) breaking below key support levels has sparked debate over whether fundamentals are to blame — but Fundstrat’s Tom Lee argues the real culprit is far more mechanical. What Happened: In an interview with CNBC on Thursday, Lee said crypto has been bleeding ever since a massive Oct. 10 […]
This Major Tesla Lithium Supplier Jumps in Momentum Ranking Amid Strong Price Trends
Sociedad Quimica Y Minera De Chile (NYSE:SQM), a key global supplier of battery-grade lithium, has surged into the top echelons of Benzinga Edge’s momentum rankings, signaling robust investor confidence amid a bullish price trajectory. Check out SQM’s stock price here. What Does SQM’s Edge Rankings Say? SQM’s momentum score rose to 90.88, catapulting it into […]
Elon Musk Tells Ron Baron: Grok 5 Set For 2026 With A Massive 6 Trillion Parameter Model
Elon Musk, the founder of xAI, has revealed the latest model of his AI venture, xAI’s Grok 5, with a staggering 6 trillion parameter model and a higher intelligence density in 2026. Grok 5 Trained On Multimodal Data On Friday, Musk, in conversation with billionaire investor Ron Baron, discussed the new features of Grok 5 at […]
Nvidia To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Susquehanna raised Nu Holdings Ltd (NYSE:NU) price target from $17 to $19. Susquehanna analyst James Friedman maintained a Positive rating. Nu Holdings shares closed at […]
What Are Bitcoin, Ethereum, Solana Whales Betting On?
Top traders on Hyperliquid are showing mixed sentiment across major cryptocurrencies like Ethereum (CRYPTO: ETH), Bitcoin (CRYPTO: BTC), with some locking in profits while others double down on bullish bets. What Happened: Data from Lookonchain shows that all five of the most profitable traders held Ethereum longs, though positions are diverging as volatility returns. A […]
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Elon Musk Reacts After EV Enthusiasts Take Cybertruck Driving From Florida To Arctic Ocean: ‘Cool’
September 4, 2024
Four Tesla Inc enthusiasts made it to the Arctic Ocean in their Cybertrucks on Tuesday from Florida to much applause from the company and its billionaire CEO Elon Musk. What Happened: Justin Demaree, Rafael Santoni, Nancy, and Gary Mark on Tuesday made it to the Arctic Ocean in two Cybertrucks covering 5500 miles on the […]
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