Major ECB Rate Cuts Shake Global Markets and Economic Sentiment
As the ECB prepares for its first back-to-back rate cut in 13 years, market players seek insights into the bank’s future policy direction amidst global economic challenges. A view of European Central Bank (ECB) headquarters in Frankfurt Introduction to ECB Rate Cuts The European Central Bank (ECB) is poised to make its first back-to-back rate […]
China Troubles Drag Down Pernod Ricard’s Q1 Sales
Pernod Ricard’s Q1 sales fell by 5.9%, largely due to China troubles, including weak consumer demand and new anti-dumping measures on EU brandy imports. Despite the decline, the company remains optimistic about its fiscal 2024/25 growth prospects. Pernod Ricard, the world’s second-largest spirits producer, reported a sharp decline in its Q1 sales for the fiscal […]
Devastating Meta Layoffs Hit WhatsApp and Instagram Amid Strategic Shakeup
Meta layoffs hit Instagram and WhatsApp, impacting teams as part of strategic changes aimed at long-term goals. Read how Meta’s workforce is affected. Meta Layoffs Hit WhatsApp and Instagram in Strategic Shakeup (Reuters) – Meta, the parent company of social media platforms including Instagram, WhatsApp, and Facebook, has announced a new wave of layoffs, targeting […]
Explosive Short Squeeze Potential for Nuburu Inc. BURU
Explore Nuburu Inc.’s strategic partnerships and blue laser technology amid high short interest, indicating potential for a short squeeze. In-Depth Short Interest Report on Nuburu Inc. (NYSE American: BURU) Overview of Nuburu Inc. (BURU) and Growth Potential Nuburu Inc. (NYSE: BURU) is a highly innovative company with a $150 million patent portfolio, consisting of 233 […]
BURU Faces NYSE Threshold Securities List with Naked Short Selling Concerns
BURU’s inclusion on the NYSE Threshold Securities list raises concerns about naked short selling. Investors should stay informed and proactive in their decision-making. BURU has recently attracted investor attention by being placed on the NYSE Threshold Securities list for five consecutive days. This situation raises significant concerns due to the reported “fails to deliver,” indicating […]
Crypto Heist Mastermind Faces Five Years in Prison for $6 Billion Scam
US prosecutors are urging a five-year prison sentence for Ilya Lichtenstein, mastermind of the $6 billion Bitfinex crypto heist, emphasizing the need to deter cyber crime. US Proposes Five-Year Sentence for Mastermind of $6 Billion Crypto Heist The US government is advocating for a five-year prison sentence for Ilya Lichtenstein, the mastermind behind one of […]
Oil Prices Steady Amid Middle East Uncertainty and OPEC+ Cuts
Oil prices steady amid ongoing Middle East uncertainty and OPEC+ production cuts, as analysts revise demand forecasts downward, particularly from China. Recent Market Movements Brent crude oil futures rose 22 cents, or 0.3%, reaching $74.47 a barrel by 0800 GMT. Similarly, U.S. West Texas Intermediate (WTI) crude futures climbed 28 cents, or 0.4%, to $70.86. […]
Devastating Tech Selloff Triggers Tumble in Tech Stocks While China Developers Rally
Global markets faced a significant tech selloff on Wednesday, with stocks in the technology sector seeing steep declines while Chinese property developers posted gains. The AI-driven rally that fueled much of the tech sector’s growth appeared to lose momentum, with industry leaders like Nvidia and ASML leading the losses. Asian markets fell for a third […]
NUBURU Transitions to New Equity Line of Credit to Support Commercialization
NUBURU announces the transition to a new Equity Line of Credit with Liqueous to support its innovative blue laser technology and commercialization efforts. CENTENNIAL, Colo.–(BUSINESS WIRE)– NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in blue laser technology, today announced the termination of its Equity Line of Credit (ELOC) with Lincoln […]
NUBURU Focuses on Blue Laser Technology as It Cancels Special Proxy Statement for Funding
CENTENNIAL, Colo., October 14, 2024–NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial laser technology, today announced the cancellation of its Special Proxy Statement. Due to insufficient proxies to form a quorum, the company has withdrawn the proposals and canceled the Special Meeting. However, these critical proposals […]