Key Highlights Strategic Capitalization: Matador has amended the terms of its previously announced USD$100 million convertible note facility with ATW Partners, with an initial USD$10.5 million tranche signed. Exclusive Use of Proceeds: Capital will be used solely to purchase Bitcoin to drive Bitcoin-per-share (BPS) growth. Institutional Partnership: ATW is a leading U.S.-based institutional investor focused on innovative growth-stage financing. Scalable Structure: Convertible note structure allows for equit ...

President Donald Trump’s $100,000 price tag for new H-1B workers hired from outside the US will have punishing effects for the IT outsourcing and staffing industries that have long been a target of both parties.The fee is the biggest restriction the Trump administration has imposed so far on employment of skilled foreign workers.A Bloomberg News analysis found it will have a disproportionate impact on multinational staffing firms that act as middlemen for companies seeking H-1B workers. Those middlemen incl ...

South Korea-based ADEL said late on Monday that it has entered a $1.04 billion partnership with French drugmaker Sanofi to develop and sell the biotech company's experimental Alzheimer's disease treat... ...

In a Monday interview with CNB's Jim Cramer, Affirm CEO Max Levchin reviewed his company's strategy, suggesting the buy now, pay later outfit benefits from not charging its customers late fees."We have total alignment with our consumers. If they don't pay us back, we just lose money," Levchin said. "There's no magic in the business model, and that transparency aligns us fully with that person."According to Levchin, late fees aren't necessary "if you get really good at underwriting." He advocated for more cl ...

CNBC's Jim Cramer reviewed recent market action and made the case for Procter & Gamble. He drew a distinction between companies like the consumer giant, which makes use of new technology, and tech hyperscalers that spend billions on artificial intelligence to compete with each other."My favorite tech stocks right now are the business-to-business users of technology," he said. "I think these companies will increasingly be given a chance to buy amazing tech that will help them cut costs and bring new products ...

Core Viewpoint - The New York State Office of the Attorney General has filed a lawsuit against UPS, alleging the company underpaid seasonal workers by requiring off-the-clock work and manipulating timekeeping systems [1][3]. Group 1: Allegations Against UPS - The lawsuit claims UPS has a pattern of underpaying temporary workers, including driver helpers and seasonal support drivers, particularly during the holiday season [3]. - Allegations include not compensating workers for time spent traveling, watching training videos, returning undelivered packages, and handing in equipment [4]. - The complaint states UPS delayed clock-ins until the first package was scanned or delivered, automatically deducted meal breaks, and edited timesheets to reduce paid hours [5][6]. Group 2: Company Response - UPS has denied the allegations, asserting that it provides industry-leading pay and benefits to its employees in New York and complies with applicable laws [4]. - The company acknowledged awareness of the lawsuit but maintains that the claims are unfounded [3][4]. Group 3: Broader Context - In October, it was reported that UPS is increasing its use of gig delivery drivers to manage surges in package volume throughout the year, in addition to their traditional use during the holiday season [7].

Company Performance - Abbott's stock closed at $128.47, reflecting a +2.4% change from the previous day's closing price, outperforming the S&P 500's loss of 0.16% [1] - Over the past month, Abbott's shares have decreased by 3.93%, underperforming the Medical sector's gain of 1.12% and the S&P 500's loss of 0.21% [1] Upcoming Financial Results - Abbott's upcoming EPS is projected at $1.5, indicating an 11.94% increase compared to the same quarter of the previous year [2] - Revenue is expected to reach $11.79 billion, representing a 7.48% growth compared to the corresponding quarter of the prior year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $5.15 per share and revenue at $44.6 billion, reflecting changes of +10.28% and +6.33% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for Abbott are important as they indicate changing near-term business trends, with upward revisions suggesting analysts' positivity towards the company's operations [4] - The consensus EPS projection has remained stable over the past 30 days, and Abbott currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Abbott's Forward P/E ratio is 24.37, which is a premium compared to the industry average Forward P/E of 19.3 [6] - The company has a PEG ratio of 2.29, while the average PEG ratio for Medical - Products stocks is 1.92 [7] Industry Context - The Medical - Products industry, part of the Medical sector, has a Zacks Industry Rank of 165, placing it in the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of New Era Energy & Digital, Inc. (NASDAQ: NUAI) resulting from allegations that New Era Energy & Digital may have issued materially misleading business information to the investing public. So What: If you purchased New Era Energy & Digital securities you may be entitled to compensation without payment of any out of po. ...

The Federal Reserve Bank of Atlanta has begun a search for a president and CEO to succeed Raphael W. Bostic, who announced in November that he will retire at the end of his current term.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additio ...

Broadcom just posted big numbers, yet the stock is still sinking.Shares of Broadcom (AVGO 5.59%) fell on Monday, finishing the day down 5.6%. The slide came as the S&P 500 and Nasdaq Composite lost 0.2% and 0.6%, respectively. Broadcom stock fell today, along with much of the artificial intelligence (AI) market, as investors continue to rotate out of the sector following earnings from both Broadcom itself and fellow tech giant Oracle.NASDAQ : AVGOBroadcomToday's Change( -5.59 %) $ -20.12Current Price$ 339.8 ...