Workflow
Deutsche Bank predicts 40% surge for tumbling crypto stock
Yahoo Finance· 2025-12-17 23:33
Even though large banking institutions are generally wary of the stock market interacting with the crypto ecosystem, there is one major bank that is bullish on a popular crypto stock even when it is sinking amid the market crash. Deutsche Bank, the multinational investment bank and financial services company headquartered in Frankfurt, Germany, has initiated coverage of Coinbase (Nasdaq: COIN) and boosted the sinking stock's price target by nearly 40%. Related: Coinbase launches moisturizer for 'diamond ...
INTEGRA DELIVERS ROBUST FEASIBILITY STUDY FOR DELAMAR GOLD-SILVER HEAP LEACH PROJECT HIGHLIGHTING IMPROVED ECONOMICS AND REDUCED DEVELOPMENT RISK
Prnewswire· 2025-12-17 23:33
Core Insights - Integra Resources Corp. announced the results of its Feasibility Study for the DeLamar Gold and Silver Heap Leach Project, highlighting robust project returns and a strong economic profile [1][3][4] Feasibility Study Highlights - The project has an after-tax net present value (NPV) of $774 million at base case metal prices and $1.7 billion at spot prices, with internal rates of return (IRR) of 46% and 89% respectively [3][6] - The mine life is extended to 10 years with total life-of-mine production of 1.1 million ounces of gold equivalent [3][6] - Average production is projected at 119 thousand ounces of gold equivalent per year during the first five years, with cash costs below industry averages [3][6] Project Economics - Initial capital costs are estimated at $389 million, with sustaining capital of $305 million over the life of the mine [3][6] - The project has a base case NPV-to-capex ratio of 2.0 and a payback period of 1.8 years, improving to 4.4 and 1.1 years at spot prices [3][6] - Average after-tax free cash flow is projected at $165 million during the first five years [3][6] Community and Environmental Impact - The project is expected to create approximately 300 direct permanent jobs and has garnered local support through engagement with community stakeholders [3][4][5] - A simplified project layout and enhanced water management strategy are anticipated to facilitate permitting advantages [3][5] Mining and Processing Details - The operation will utilize conventional open-pit mining methods with a low strip ratio of 0.54:1, focusing on high-grade ore from the Florida Mountain deposit initially [3][26] - The updated two heap leach configuration aims to improve constructability and operational flexibility while managing environmental impacts [3][29] Infrastructure and Capital Costs - The project will leverage existing infrastructure from the historical DeLamar mine, minimizing new construction needs [36][37] - Capital cost estimates are based on vendor-supported pricing and recent costs from Integra's Florida Canyon mine [46][48]
DoorDash Teams Up With OpenAI to Offer Grocery Shopping in ChatGPT
WSJ· 2025-12-17 23:32
Group 1 - The partnership allows users to request meal or recipe suggestions from ChatGPT and subsequently use the DoorDash app for shopping [1]
Kia PV5 Earns Global Recognition Across Performance, Safety, Design and Innovation in 2025
Prnewswire· 2025-12-17 23:30
Core Insights - The Kia PV5, the brand's first all-electric Platform Beyond Vehicle (PBV), has achieved significant global recognition in its first year, highlighting Kia's competitiveness in the light commercial vehicle (LCV) segment [1][2] Awards and Recognition - The PV5 has received major international accolades for performance, safety, design, family usability, and long-distance capability, emphasizing the product's strength and the relevance of Kia's PBV strategy [2] - In the UK, the PV5 Cargo has won multiple 'Van of the Year' titles from various publications, praised for its modular platform, EV driving experience, conversion flexibility, and practicality [3] - The PV5 was awarded the 2026 International Van of the Year (IVOTY), marking it as the first Korean van and Asia's first EV to receive this honor, with judges noting its modular architecture and strong safety credentials [4] Safety and Design Achievements - The PV5 Cargo achieved a five-star rating in the 2025 Euro NCAP Commercial Van Safety Assessment, positioning it among Europe's safest electric vans [4] - The vehicle has also won multiple Red Dot Awards, including a Best of the Best honor for the PV5 WKNDR Concept, and set a GUINNESS WORLD RECORDS title for the longest distance driven by a fully loaded electric van on a single charge [5] Strategic Vision - Kia aims to redefine purpose-built mobility through modular design, electrification, and a scalable PBV ecosystem, creating lasting value for businesses, cities, and individual customers [3]
Aspen Aerogels Announces Amendment to MidCap Credit Facility
Globenewswire· 2025-12-17 23:30
Core Viewpoint - Aspen Aerogels, Inc. has amended its Credit, Security and Guaranty Agreement with MidCap Financial to enhance its financial position and provide additional flexibility for future operations [1][2]. Financial Position - The amendment improves Aspen's financial covenant framework, allowing for greater operational flexibility [1]. - The company's liquidity outlook is better than expected, driven by operational efficiencies, working capital improvements, and prudent capital spending [2]. Strategic Focus - Aspen aims to execute its strategy in 2026 with the support of the financial flexibility gained from the amendment [2]. - The company is a leader in sustainability and electrification solutions, leveraging its aerogel technology to address global trends in resource efficiency, e-mobility, and clean energy [3]. Product Offerings - Aspen's PyroThin® products address thermal runaway challenges in the electric vehicle market, while its Cryogel® and Pyrogel® products are utilized by major energy infrastructure companies [3]. - The company seeks to partner with industry leaders to expand its Aerogel Technology Platform® into high-value markets [3].
Commercial Real Estate Outlook 2026: Analysts See Signs of Recovery
Yahoo Finance· 2025-12-17 23:29
President Donald Trump has always felt passionately about real estate. “It’s tangible, it’s solid, it’s beautiful,” the former luxury property developer and TV personality once said. “It’s artistic, from my standpoint, and I just love real estate.” And now, as we head into 2026, analysts and industry executives are starting to feel pretty good about the commercial real estate sector. Jones Lang LaSalle (JLL) said in its Global Real Estate Outlook that “following a challenging year, the outlook for 2026 ...
Jim Cramer raises concerns about tech's 'Lazy Susan' deals
CNBC· 2025-12-17 23:29
Core Viewpoint - Concerns are rising regarding circular transactions among tech companies, particularly in the context of OpenAI's valuation and investment strategies [1][3]. Group 1: Circular Transactions - A "Lazy Susan" deal is defined as a transaction where one company invests money into another, which then reciprocates by investing back into the first company [2]. - OpenAI is reportedly in discussions with Amazon for a deal involving at least $10 billion, where OpenAI would purchase AI chips from Amazon [2]. Group 2: Investment Scrutiny - There are indications that some companies are becoming cautious about high-tech investments, especially in light of OpenAI's significant spending commitments, including a $300 billion deal with Oracle for AI infrastructure [4]. - Blue Owl Capital has withdrawn from funding a $10 billion data center from Oracle due to concerns over the tech company's spending and increasing debt [4]. Group 3: Market Sentiment - The move by Blue Owl Capital is viewed positively as it reflects a disciplined approach to investment [5]. - The tech sector may struggle to recover until more companies demonstrate restraint in their AI spending and reject circular deal structures [5].
Despite a tough year, SBA's popularity with lenders endures
American Banker· 2025-12-17 23:28
Key insight: After closing a $95 million SBA loan sale to Miami-based Banesco USA, BayFirst Financial is working to close a second, larger sale to Banesco by year-end.Forward look: Banesco USA CEO Calixto Garcia Velez is confident his bank can meet or exceed BayFirst's SBA origination levels, which approached $500 million annually prior to the onset of credit quality issues.Expert quote: "We're going to make a big effort to see if we can be successful in cross-selling these small business clients. We want t ...
Explainer: What will change if the US reclassifies marijuana?
Reuters· 2025-12-17 23:28
Core Viewpoint - The U.S. government is moving towards reclassifying marijuana, which may facilitate research and development of new medical marijuana products [1] Group 1: Regulatory Changes - An executive order from President Trump is anticipated to reclassify marijuana, potentially easing federal restrictions [1] - This reclassification could lead to increased research opportunities in the medical marijuana sector [1] Group 2: Industry Implications - Easing restrictions may result in the development of new medical marijuana products, impacting the pharmaceutical and healthcare industries [1] - The change in classification could stimulate investment and innovation within the cannabis industry [1]
‘Trump Accounts’ for kids get funding boost from Dalio and BlackRock
Fortune· 2025-12-17 23:25
A new savings vehicle, dubbed “Trump accounts,” is designed to help the rising generation of American children build wealth into adulthood. Under the multitrillion-dollar tax and spending bill signed by President Donald Trump in July, the federal government will contribute $1,000 to accounts set up for every American baby born in the next few years. The initiative got a boost on Dec. 2 when billionaires Michael and Susan Dell announced a $6.25 billion gift to seed accounts for millions of older children as ...