On Monday of this week, Nvidia (NASDAQ: NVDA) retreated hard off its recent highs, after it was disclosed that CEO Jensen Huang sold $95 million worth of stock, or 720,000 shares, in just one week between June 13 and June 21. The sales were part of a trading plan in which Huang plans to sell […]
Astronomers have gained new insight into the formation of planets around twin stars that orbit one another. Despite the fact we are most familiar with planets orbiting a single, central star — like the arrangement of our solar system — over 50% of stars in the cosmos exist in a binary system, meaning they have […]
It’s always nice when management at a major company such as Ford Motor Company (NYSE: F) can flip a weakness into a strength. Ford has done exactly that with its commercial business. It was once a black eye for the company as it sold fleets of vehicles to rental companies at razor-thin margins and, sometimes, […]
Five men were convicted by a federal jury in Las Vegas this week for their part in operating Jetflicks, which officials say was one of the largest illegal streaming services in the U.S. Jetflicks, which charged $9.99 per month for the streaming service, generated millions of dollars in subscription revenue and caused “substantial harm to […]
Miami’s Wynwood may be the hottest, hippest neighborhood in America’s hottest city: A dynamic urban fusion of repurposed industrial buildings and warehouses interspersed with new, low-rise buildings housing shops, bars and restaurants, offices and apartments, all of it steeped in artful design and curated graffiti murals. Its success is no accident. The reinvigorated Wynwood, once […]
A Russian Navy Ka-29 Helix-B assault helicopter was shot down near the Russian resort city of Anapa on the Black Sea. It was hit during what Russian and Ukrainian military officials say was a large-scale Ukrainian drone attack overnight Thursday into Friday on Crimea and Russia’s neighboring Krasnodar region, where Anapa is located. Russian and […]
Electric vehicle (EV) stocks cratered this week after Fisker filed for bankruptcy. The troubled automaker never got off the ground after a promising vehicle was plagued by poor software. While a failure doesn’t say much about the other operators in the industry, it doesn’t bode well for the market’s willingness to fund EV losses long-term. […]
Five men have been convicted of running a massive, unauthorized streaming service for more than a decade by a federal jury in Las Vegas. Kristopher Dallmann, Douglas Courson, Felipe Garcia, Jared Jaurequi and Peter Huber began operating an online streaming service, called Jetflicks, as early as 2007, according to court documents. The streaming service could […]
A breakthrough in transforming hazardous ash into an in-demand building material could help solve a major problem in the construction industry. A press release by RMIT University in May revealed that engineers successfully replaced 80% of the cement in concrete with coal fly ash, a toxic waste generated by burning dirty fuel in coal-fired plants. […]
German Government Begins Massive Bitcoin Sell-Off, Sparking Market Jitters The German government has commenced the sale of a significant Bitcoin stash seized from the operators of a movie piracy website. Over $195 million in Bitcoin was sold in the past 24 hours. In the latest transactions, $65 million worth of Bitcoin was likely deposited into […]
In December of 2019, the sky-scanning Zwicky Transient Facility — a telescope perched on California’s Palomar Mountain — alerted astronomers to a sudden flare coming from an otherwise unremarkable galaxy some 300 million light-years from Earth in the constellation Virgo. The flare’s intensity dipped and peaked dramatically over four years, but it continues to persist […]
Big Tech’s energy demand is insatiable in the artificial intelligence era. That’s sent Constellation Energy stock (CEG) soaring. Shares of Constellation, the largest nuclear plant operator in the US, are up more than 85% year to date, just off an all-time high in May. The Baltimore-based company’s stock has outperformed all other holdings within the […]