Category: Business

TLDR (SeaPRwire) –   Stellantis shares decline as E-Car project aims to deliver affordable electric vehicles across Europe. The E-Car will enter production in 2028 at a plant in Italy, reviving the market for small, city-focused cars. The initiative highlights

TLDR (SeaPRwire) –   Prime Trust estate targets Swan Bitcoin over alleged $1B crypto transfers case Swan Bitcoin faces clawback suit tied to Prime Trust’s 2023 custodian collapse Prime Trust lawsuit claims Swan Bitcoin moved assets before bankruptcy filing Encrypted

TLDR Coinbase CEO Brian Armstrong stated that AI agents could create an economy larger than human commerce. He noted that machines now conduct transactions without passports, cards, or bank accounts via blockchain networks. Coinbase launched Agentic.market and the x402 protocol

TLDR Hancock Prospecting invested nearly $97M in four U.S. defense contractors: RTX, Northrop Grumman, L3Harris, and Lockheed Martin A new position in CrowdStrike was also opened, valued at about $16.1M Newmont was added as a new gold holding, valued at

TLDR Canaan reported Q1 revenue of $62.7M, missing the $64.68M consensus estimate Adjusted loss per ADS came in at -$0.86, far worse than the -$0.03 estimate Q2 revenue guidance of $35M–$45M is 59% below the analyst consensus of $98.15M Net

TLDR EchoStar (SATS) owns a stake exceeding 2% in SpaceX, acquired by swapping spectrum for equity in late 2025, and its share price has risen twofold since the agreement. SpaceX’s initial public offering filing is anticipated as soon as this

TLDR Rathnakishore “Ravi” Giri has been handed a nine-year federal prison sentence. Giri operated a cryptocurrency Ponzi scheme that collected over $10 million. Prosecutors stated that hundreds of investors were deceived by promises of guaranteed returns. In October 2024, Giri

TLDR COST reached a 52-week high of $1,070.67 on May 18, marking a 24% gain year-to-date Costco increased its quarterly dividend by 13%, setting it at $1.47 per share, or $5.88 annualized The dividend yield now exceeds 0.60%, with the

TLDR (SeaPRwire) –   Payward posts $507M Q1 revenue as Kraken now faces renewed talk of an IPO delay. Kraken’s parent company notches 3% revenue growth despite weaker crypto trading and lower transaction volumes. Payward EBITDA declines as Kraken continues

TLDR Ondas (ONDS) has agreed to acquire 100% of Omnisys, an Israeli developer of AI-powered Battle Resource Optimization (BRO) software. Omnisys’ BRO platform has a 25-year track record of operational deployment and is described as combat-proven at scale. The acquisition

(SeaPRwire) –   TLDR SBI Securities and Rakuten Securities plan to offer crypto investment trusts once rules are finalized. The products could let investors access crypto through regular brokerage accounts. Nomura, Daiwa and Mizuho-linked firms are also studying crypto fund

TLDR Nvidia stock closed down 4.42% at $225.32 on May 15, dragging other chip stocks lower UBS warned that 8 of the 12 largest semiconductor companies are “extremely crowded long” positions TD Cowen raised its NVDA price target to $275

TLDR Elon Musk filed a lawsuit against OpenAI and Sam Altman in 2024, alleging they failed to uphold their commitment to keep OpenAI as a nonprofit organization. A jury began deliberations on Monday to determine whether Altman and the co-founders