Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook.The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 million, inclusive of fees and expenses.The stock soared 37% Tuesday, while bitcoin traded lower by about 2%, according to Coin Metrics. Semler, which has a market capitalization of about $210 million, is down more than 30% this year.”Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a…
Author: insighter
The Chase Sapphire Reserve® is a popular premium travel credit card offering several perks for a high annual fee. If you’re looking to rack up a lot of Chase Ultimate Rewards®, the card makes it easy to do so.NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.Here are nine things to consider before applying for the Chase Sapphire Reserve®. 1. Your credit scoreThough Chase doesn’t officially publish the minimum credit score required for getting the Chase Sapphire Reserve®, a strong score is needed. Based on crowdsourced data, those…
The former chief executive of FTX’s Bahamas subsidiary has ben ordered to spend 7 1/2 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion. Ryan Salame appeared in a Manhattan courtroom Tuesday, after reaching a plea deal with federal prosecutors in September, weeks before FTX founder Bankman-Fried was due to stand trial for stealing about $10 billion from customers, investors, and lenders. The prison term is more than prosecutors had asked for. The government said Salame, who pleaded guilty to violating campaign finance laws and operating an unlicensed…
The New York Stock Exchange in New York, March 28, 2023.Victor J. Blue | Bloomberg | Getty ImagesYears of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won’t notice the difference.Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day. Settlement involves the actual swap of money for a security. This so-called “T+1 settlement” is an acceleration of the previous process, which allowed for two business days.The move is the latest…
Spending 18 hours on an ultra-long-haul flight may sound like a grueling marathon to some, but to those with the right mindset (and in the right airline seat), it can be a gratifying adventure. Here we’ll dig into eight of the longest flights in the world by duration, the routes they cover and the planes that fly them, as well as how you can use points and miles to travel these longest flights in comfort.What do we mean by “longest” flights?Answering “What is the longest flight in the world?” is more complicated than you might think.The world’s longest flights are…
Former U.S. President Donald Trump exits Trump Tower to attend his hush money trial at Manhattan criminal court in New York City, New York, U.S., May 28, 2024.Eduardo Munoz | ReutersA defense lawyer told jurors in a New York courtroom Tuesday that former President Donald Trump “is innocent” of crimes related to a 2016 hush money payment to porn star Stormy Daniels.Trump “did not commit any crimes, and the district attorney has not met their burden of proof. Period,” defense attorney Todd Blanche said as he began closing arguments at Trump’s trial on felony charges of falsifying business records.Those records…
The U.S. economy is the most powerful and formidable in the world—and lots can be done to improve it. While economists focus on inflation and interest rates and politicians consider options through the lens of an election year, there’s a worrying trend that needs reversing if we are to maintain U.S. dominance and continue enjoying the benefits of our economy: There are fewer public companies in the U.S. than ever before.JPMorgan CEO Jamie Dimon raised this issue in his annual letter a couple of weeks ago. In the mid-1990s, there were nearly 8,000 public companies listed in the U.S. Today,…
A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersGameStop shares rose 25% in premarket trading on Tuesday after the company on Friday announced that it had made around $933 million from a stock sale.Shares in the videogame retailer were up 25.11% at 6:43 a.m. ET in the U.S. Markets are set to re-open on Tuesday after remaining closed on Monday for Memorial Day.GameStop said on Friday it made close to $933.4 million by selling 45 million common shares.Stock Chart IconStock chart…
Signm is an AI-powered tool for analyzing investment sentiment.When it comes to choosing the best portfolio of stocks, picking winners isn’t always necessary. Rather, you need a system to remove the losers out of your portfolio quickly. Passive stock investors typically use index funds to achieve this objective, but individual stock investors need something better.Signm is a company that is devoted to bringing the wisdom of crowds to individual investors. It analyzes social media mentions, news sentiment, financial data, and more to help investors better curate their investment portfolios. Here’s what you need to know about Signm. Charts, fundamental data, social media, and news…
While success has obvious perks, it sure doesn’t exempt you from the loneliness epidemic. We idealize the hustle to the top, but there’s an unspoken struggle many company leaders grapple with when the view isn’t coupled with feelings of connection and belonging. A 2022 survey from Deloitte found a third of the c-suite feels lonely. The researchers estimate that a vast majority—70%—of executives consider quitting their jobs in part due to the feeling of loneliness and poor well-being. “CEOs can be constantly surrounded by people and still experience loneliness,” Ryan Jenkins, author of Connectable: How Leaders Can Move Teams From…
Africa is blessed with some of the rarest and most beautiful animals in the world — a fact that entices tourists to book safaris year-round.But safaris only scratch the surface of what the continent has to offer. From wine tours to vibrant coastal cities, other experiences await those who are willing to go beyond game drives and delve deeper into the core of the continent.Mountains, dunes and riversFor those who love hiking, Africa is blessed with many peaks — from Morocco’s Mount Toubkal to the continent’s highest peak, Mount Kilimanjaro in Tanzania.But there’s also Mount Nyangani in Zimbabwe, which has…
It was a close race, but the wasteland warrior of “Furiosa: A Mad Max Saga” came out slightly ahead of the plump orange cat with an estimated $32 million in ticket sales over the four-day weekend according to studio estimates Monday. “The Garfield Movie,” a Sony release, earned $31.1 million in its first four days. The dust won’t officially settle on the showdown until Tuesday when final numbers are reported, but for now at least Warner Bros. has the No. 1 movie in the country. Including international showings, its running global earnings are at $64.8 million. But victory is a…