If a company can reinvest internally at 20 percent incremental returns with a long runway ahead of it, retiring shares might be the wrong decision. High return reinvestment compounds faster than financial engineering. On the other hand, if incremental opportunities are narrowing and the stock trades at a double-digit free cash flow yield, buying back shares may be the highest return project available. The market understands that tradeoff. It doesn’t react to the size of the authorization. It reacts to what ...

Axiom’s Insider Trading Scandal Spills Into Prediction Markets - Moby THE GIST Alleged crypto insiders didn’t just trade on private information — they may have bet on getting caught. Blockchain investigator ZachXBT’s latest report accuses employees at Axiom Exchange of abusing sensitive user wallet data to profit from meme-coin trades. But the scandal doesn’t stop there. According to the report, several wallets placed sizable bets on prediction markets anticipating which company ZachXBT would expose, wi ...

By Manya Saini and Arasu Kannagi Basil Feb 26 (Reuters) - Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across its ‌operations, sending shares of the payments firm up 25% in after-hours trading. The layoffs signal how the AI boom ‌is translating from hype into workforce changes, fueling long-held concerns among workers and economists that the technology could eliminate roles even as it boosts productivity ​and profit ...

A specific corner of the crypto market is seeing a sudden spike in institutional interest. The VanEck Avalanche ETF (Nasdaq: VAVX) recently recorded its highest single-day inflow since its debut. According to data from mid-February shared on AVAX One's official X handle, the fund attracted $4.26 million in a single day. This surge comes despite a dip in the underlying asset's price, creating an interesting divergence between market value and investor behavior. Related: Avalanche ETF debuts on Wall Stree ...

Key takeaways Refinancing your current mortgage typically requires a new appraisal of the home. The refinance appraisal helps the bank determine the home’s current value, so they can define the parameters of the loan they’re willing to extend. Appraisers will consider most of the same criteria they did in your home’s initial appraisal, including its size, condition and location. When refinancing your mortgage, your lender will likely have a professional appraise your home to determine its value. A ...

By Heekyong Yang and Bipasha Dey Feb 26 (Reuters) - E-commerce giant Coupang swung to a fourth-quarter loss on Thursday and reported revenue below analysts' estimates, hurt by the fallout from a data breach in South Korea. Coupang Korea, ‌which generates more than 90% of the group's total revenue, has faced a public backlash following disclosure of a ‌data breach in November involving some 34 million customers. The company's revenue for the October-December period came in at $8.8 billion, compared wit ...

Wall Street giant Morgan Stanley, which oversees nearly $9 trillion worth of assets on behalf of its clients, wants them to be able to custody and trade Bitcoin on its platform, according to Amy Oldenburg, its recently appointed digital assets strategy head. When asked if the bank is interested in offering Bitcoin-based yield and lending services, as well, she was very supportive. "Of course," she told Strategy CEO Phong Le at the company's Bitcoin for Corporations conference in Las Vegas on Wednesday. ...

On Feb. 23, The Wall Street Journal reported that the Terraform Labs bankruptcy administrator has filed a lawsuit against Jane Street Capital, accusing the New York-headquartered quantitative investment firm of insider trading and hastening the collapse of the crypto firm. Founded by Do Kwon in 2018, Terraform Labs was once one of the leading crypto companies. But the project's twin cryptocurrencies, TerraUSD and LUNA, collapsed in 2022 and even led to investor losses worth an estimated $40 billion. Th ...

Despite the underperfomance, investors have serious concerns about the company's valuation. Pinterest has an EV/EBITDA of 28, significantly higher than the sector median of 10, indicating that PINS stock is trading at a premium. Additionally, the price-to-sales (P/S) ratio of 2.67 times is more than double the sector median, suggesting the stock is considerably overpriced.That uncertainty has been reflected in PINS stock’s performance. Shares rallied early in 2025 and approached $40 around mid-year, near th ...

By Anhata Rooprai and Krystal Hu Feb 26 (Reuters) - CoreWeave (CRWV) expects capital expenditure to double this year, it said on Thursday, as it spends heavily to scale up its AI cloud platform to handle the massive computing power its customers demand ‌for training and deploying advanced AI models. Its shares slumped more than 9% in premarket trading on Friday. The cloud infrastructure technology company expects capital expenditure between $30 billion and $35 billion in 2026, up from $14.9 billion in ...