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Can Tesla’s Cybertruck Overcome Production Pitfalls?

Tesla (TSLA ) is expected to begin deliveries of its new Cybertruck on November 30, more than two years behind schedule. When CEO Musk first unveiled the Cybertruck prototype in 2019, he touted a vehicle with more than 300 miles of range that would be priced around $50,000, cheaper than...

Can Tesla’s Cybertruck Overcome Production Pitfalls? 2023/11/28 11:45

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Dow Analyst Moves: DOW

The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Dow is the #25 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, DOW claims th

Dow Analyst Moves: DOW 2023/11/28 11:49

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Changpeng Zhao steps down as Binance.US chair

The former Binance CEO faces one felony count in the U.S. as part of a settlement with local officials and regulators.

Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for the United States-based exchange Binance.US.

In a Nov. 28 X (formerly Twitter) post, Binance.US reminded users the exchange was not a party to the $4.3-billion settlement between U.S. officials, Binance and CZ announced on Nov. 21. However, Zhao agreed to step down as chair and “will no longer be involved” in the governance of Binance.US, transferring his voting rights through a proxy.

“We are exceptionally grateful to CZ for his guidance and counsel over the years,” said the exchange. “Binance.US continues to be led by Norman Reed and our existing, experienced management team.”

We wanted to provide an update to the https://t.co/AZwoBOgsqS community in light of last week’s news regarding CZ and https://t.co/IZwa5M2U8b.

As you know, https://t.co/AZwoBOgsqS was launched with the express purpose of serving United States customers in accordance with all…

— Binance.US (@BinanceUS) November 28, 2023

At the time of publication, Zhao had not publicly commented on his decision to step down. His last reply on X said he had “a lot more free time” since resigning as Binance CEO.

Related: Binance CEO outlines plan for crypto exchange after CZ steps down

On Nov. 21, Zhao pleaded guilty to one felony count for failure to maintain an effective Anti-Money Laundering program during his time as Binance CEO. The court is currently weighing whether CZ will be allowed to travel to the United Arab Emirates while awaiting sentencing. The former Binance CEO could face up to 18 months in prison.

Binance.US, while not a party to the settlement with the U.S. Justice Department, faces a lawsuit filed in June by the Securities and Exchange Commission against the crypto exchange, Binance and CZ. The commission was reportedly investigating whether Binance.US had a backdoor to control user assets — similar to what happened at FTX.

Magazine: US enforcement agencies are turning up the heat on crypto-related crime


Changpeng Zhao steps down as Binance.US chair 2023/11/28 11:29

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Dow Analyst Moves: DOW

The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Dow is the #25 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, DOW claims th

Dow Analyst Moves: DOW 2023/11/28 11:49

Can Tesla’s Cybertruck Overcome Production Pitfalls?

Tesla (TSLA ) is expected to begin deliveries of its new Cybertruck on November 30, more than two years behind schedule. When CEO Musk first unveiled the Cybertruck prototype in 2019, he touted a vehicle with more than 300 miles of range that would be priced around $50,000, cheaper than...

Can Tesla’s Cybertruck Overcome Production Pitfalls? 2023/11/28 11:45

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Could Microsoft Become the Most Important Stock in the Nasdaq, S&P 500, and Dow?

Microsoft (NASDAQ: MSFT), perhaps more than any other company, encapsulates the impact that big tech is having on the stock market and major indices.

Could Microsoft Become the Most Important Stock in the Nasdaq, S&P 500, and Dow? 2023/11/28 11:09

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Amazon announces new data center chip as Microsoft rivalry intensifies

Amazon.com on Tuesday introduced its newest data center chip for its cloud computing service as competition with Microsoft to dominate the market for artificial intelligence heats up.

Amazon announces new data center chip as Microsoft rivalry intensifies 2023/11/28 11:27

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Massive News for Electric Vehicle Stocks

Electric vehicle stocks may be in for a rough year in 2024 as the industry faces overcapacity and weakening consumer demand. Falling prices and falling stock prices haven't helped confidence in the industry's future.

Massive News for Electric Vehicle Stocks 2023/11/28 08:00

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Dow Analyst Moves: DOW

The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Dow is the #25 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, DOW claims th

Dow Analyst Moves: DOW 2023/11/28 11:49

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NFLX Quantitative Stock Analysis

Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

NFLX Quantitative Stock Analysis 2023/11/28 08:00

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The AI Gold Rush: Profiting From Picks and Shovels

But if you’ve missed the gains in megacap tech companies Microsoft and Nvidia, buying “picks and shovels” could be a worthwhile strategy for the long term.

The AI Gold Rush: Profiting From Picks and Shovels 2023/11/28 07:43

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Tokenomics Trends to Watch: Where Smart Investors Are Looking

Tokenomics is all about how tokens work in the world of cryptocurrencies. It involves how they're created, shared, and used within a blockchain system.

Tokenomics Trends to Watch: Where Smart Investors Are Looking 2023/11/27 14:25

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Stocks to Watch: DuPont, Nike, KB Home are stocks to watch

Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.

Stocks to Watch: DuPont, Nike, KB Home are stocks to watch 2014/06/27 06:48

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