Nikola files for Chapter 11 bankruptcy protection

U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019. Massimo Pinca | Reuters DETROIT — Nikola Corp. — an auto startup that was once a favorite of Wall Street analysts and retail … Read more

Is Elon Musk running DOGE into chaos? Trump and Democrats lawyer up

Democrats are not happy with Musk and DOGE’s access to federal data. To that end, they have filed a lawsuit calling the billionaire an “agent of chaos” in the federal government. They say the billionaire has been given virtually unchecked authority without proper legal authorization and supervision of his authority. The Trump administration has said … Read more

Nike teams up with Skims to launch new brand

Nike has teamed up with Kim Kardashian’s intimates brand Skims to launch a new line of activewear as the legacy sneaker giant looks to win over more women and better compete with Lululemon, Alo Yoga and Vuori, the companies announced Tuesday.  The new brand, dubbed NikeSKIMS, will include apparel, footwear and accessories. It will debut … Read more

Abu Dhabi’s Mubadala Expands Bitcoin ETF Portfolio By $436.9 Million

Abu Dhabi’s renowned wealth management firm Mubadala has invested $436.9 million in BlackRock’s BitcoinETF. Mubadala, the giant managing assets worth $330 billion, is diversifying its portfolio aggressively. A US Securities and Exchange Commission (SEC) filing revealed Mubadala’s confidence in Bitcoin and allocation of nearly half a billion to the ETF. In the fourth quarter, the … Read more

Can Bulls Break Above $3,000?

As Bitcoin gradually recovers to cross above the $96,000 mark, Ethereum is on a recovering trend. With four consecutive bullish candles in the 4-hour chart, the Ethereum price has crossed above the $2,700 level. Aiming for a new bullish reversal, the ETH price trend is close to challenging the 100-EMA line, acting as a dynamic … Read more

Bitcoin ETFs Experience $61 Million Outflow Amid Mixed Fund Movements

Bitcoin ETFs experienced a net outflow of $60.63 million, primarily due to significant withdrawals from Bitwise’s BITB and Fidelity’s FBTC. In contrast, Ether ETFs saw a modest net inflow of $4.60 million, solely attributed to Fidelity’s FETH. Ether ETFs See Modest $4.60 Million Inflow as Bitcoin ETFs Face Another Day of Withdrawals In a day … Read more