Italian Prime Minister Giorgia Meloni, who took office in 2022, has been viewed as a pragmatic leader, willing to collaborate on major international issues despite her conservative background. However, during the recent Group of Seven summit held in southern Italy, Meloni asserted her nationalist camp’s values on family and reproductive rights, challenging the expectations of
Successful
In the cutthroat world of startups, it’s not uncommon to come across ambitious entrepreneurs making grand claims to entice investors. Foundation Robotics Labs, a humanoid robotics startup, found itself in hot water after allegedly fabricating ties with General Motors (GM) in a bid to secure funding. The company claimed that GM had committed to investing
GameStop recently made headlines by raising more than $2 billion through a successful stock sale. This move came at a time when the company was able to capitalize on a renewed interest in meme stocks, fueled by the resurgence of trader Roaring Kitty. By completing an at-the-market equity offering and selling 75 million shares, GameStop
In recent trading sessions, the USD/JPY pair has shown a positive trend, marking the fourth consecutive day of gains. This upward movement is significant and has caught the attention of traders and analysts alike. The pair is currently trading near 157.15 during the early Asian trading hours on Wednesday, indicating a bullish sentiment among market
GBPUSD recently advanced to its highest level since March 13th, showcasing a strong bullish momentum in the market. However, this rally was short-lived as the pair started to reverse lower, signaling that the uptrend may have become overstretched. The price action was driven by profit-taking activities, leading to a temporary pullback in the exchange rate.
GameStop shares took a steep nosedive, dropping over 14% on Monday, following a significant sell-off triggered by disappointing earnings and an underwhelming livestream by Keith Gill. The stock, which had already plummeted nearly 40% on Friday, hit a low of around $24 per share on Monday. The release of GameStop’s earnings report ahead of schedule
The establishment of a new national stock exchange in Texas has garnered support from major investors such as BlackRock and Citadel Securities. Led by TXSE Chairman and CEO James Lee, the Dallas-headquartered group has successfully raised $120 million with the backing of over two dozen investors. The aim of the new exchange is to tap
In 2019, Adam Moelis founded Yotta, a fintech startup with the intention of providing Americans with a novel approach to saving money. However, what began as a venture to help individuals navigate life’s financial ebbs and flows, has now turned into a source of immense anguish for countless customers. The troubles for Yotta commenced on
Billionaire investor Bill Ackman has taken a major step by selling a 10% stake in Pershing Square, a move aimed at eventually making his investment firm public. The fundraising round saw the company raise $1.05 billion, representing 10% of the management company and suggesting a valuation of $10.5 billion. The investors involved in the deal
France is making its name known in the world of artificial intelligence, positioning itself as the next superpower in this technological field. The Viva Technology conference held in Paris was abuzz with discussions about France’s advancements as an AI leader. One notable highlight was the French AI firm H, previously known as Holistic, which secured
The recent downside correction in USD/JPY from the 157.70 zone is a cause for concern. While there is a major bullish trend line forming with support at 156.00 on the 4-hour chart, the pair started a downside correction and traded below 157.20. The move below the 23.6% Fib retracement level of the upward move raises
The silver price continues to climb, reaching $32.25 in the European session with a 0.50% increase. This upward trend is largely attributed to the rising industrial demand for silver, particularly in sectors such as photovoltaics. The Silver Institute projects a 9% increase in industrial demand for silver, indicating a positive outlook for the white metal.