News - The Investing Star

Meme Stock Surge 'Bothers' Former SEC Chair As GameStop, AMC Shares Rise Nearly 80% On Tuesday: 'A Lot Closer To Gambling…Certainly Not Investing'

The former SEC chair suggested that the recent stock surge is more akin to gambling than trading or investing. read more more

Pooja Rajkumari (via Benzinga) | 5/14/24

FDA Declines To Approve Expanded Use of Dynavax's Hepatitis B Vaccine In Hemodialysis Patients

Latest regulatory update from Dynavax on HEPLISAV-B vaccine regimen for adults on hemodialysis, with FDA's Complete Response Letter. read more more

Vandana Singh (via Benzinga) | 5/14/24

Sea Limited's CEO Celebrates Strong Q1 Across Segments, Highlights E-commerce and Digital Entertainment Growth

Sea Limited (SE) beat analyst estimates with 22.8% revenue growth in Q1 2024. Digital Entertainment and E-commerce saw strong growth, while Digital Financial Services revenue increased by 21%. CEO … more

Anusuya Lahiri (via Benzinga) | 5/14/24

Coinbase Back Online After Major Outage, But Withdrawal Issues Persist

Coinbase announced that it has made a full recovery after the outage, but some users are still struggling with withdrawal issues. more

Via Coinpaper | 5/14/24

Why kids risk getting buried alive by trash in Syria's 'Valley of Death'

For thousands of people in Syria, collecting trash from toxic dumps has become a dangerous way of life in a country that's still under civil war. more

Selima Hussain,Yuelei Song,Mark Adam Miller,Khalil Ashawi,Hadeel Arja (via Business Insider) | 5/14/24

A $1.35 billion lottery winner's own father turned against him in a messy family lawsuit

A $1.35 billion lottery winner is suing his ex partner, saying she broke an NDA and told family members. His father says the son broke the news. more

Mia Jankowicz (via Business Insider) | 5/14/24

Peter Brandt Foresees Bleak Future for XRP Against Bitcoin

Veteran trader Peter Brandt predicts a downward trajectory for XRP compared to Bitcoin, based on classical charting principles and recent price performance data. more

Via Coinpaper | 5/14/24

Antony Blinken Visits Ukraine To 'Send A Strong Signal Of Reassurance' To US Ally Amid War With Russia

Blinken is expected to reassure Ukrainian officials, including President Volodymyr Zelenskyy, of the U.S.'s continued support and deliver a speech focused on Ukraine's future. read more more

Benzinga Neuro (via Benzinga) | 5/14/24

The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Gold is seen as a politically neutral, safe asset, insulated from sanctions. China has doubled down on the metal in the last eight years. more

Huileng Tan (via Business Insider) | 5/14/24

Rain Exchange Saw $14.1M in Suspicious Transactions 2 Weeks Ago

According to ZachXBT, the Rain crypto exchange was very likely exploited on Apr. 29 after $14.1 million in cryptocurrencies were transferred under suspicious circumstances. more

Via Coinpaper | 5/14/24

Another Tesla Exec Departs As Musk Downsizes: Cybertruck Manufacturing Head Marks End Of 'Adventure With This Great Company'

Zhu joined Tesla in 2019 and launched the Cybertruck program at Giga Texas in January 2023, as per his LinkedIn profile. read more more

Anan Ashraf (via Benzinga) | 5/14/24

The Dencun Dilemma: Can Lower Fees Derail Ethereum's Deflationary Ambitions And Dampen Prospects Of A Price Surge?

While the much-touted Dencun Upgrade reduced the cost of using Ethereum’s (CRYPTO: ETH) Layer-2 solutions, it also rendered Ethereum inflationary, raising concerns about its price impact. read … more

Aniket Verma (via Benzinga) | 5/14/24

Bitcoin Runes Etchings Plunge as Miner Revenues Shrink

The number of new Runes etched on Bitcoin has drastically decreased, falling to just 157 on Monday from a peak of over 23,000, amid changing market dynamics and reduced miner revenues. more

Via Coinpaper | 5/14/24

Mark Zuckerberg Turns 40 In Style As Meta CEO Reportedly Celebrates Birthday Party On $300M Superyacht In Panama

Mark Zuckerberg is reportedly set to celebrate his 40th birthday on his new superyacht, Launchpad, in Panama, following its journey from Fort Lauderdale, Florida. read more more

Ananya Gairola (via Benzinga) | 5/14/24

High-Performance Memory Chip Supply To Stay Tight In 2024 Amid Surging AI Demand, Major Manufacturers Face Shortages

The global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the soaring demand for artificial intelligence technology. read more more

Benzinga Neuro (via Benzinga) | 5/14/24

Elon Musk's SpaceX Reportedly Leaves Trail Of Unpaid Bills Worth At Least $2.5M Amid Texas Expansion

Since 2019, more than two dozen companies have reportedly lodged 72 liens against sites developed by SpaceX and its contractors. read more more

Anan Ashraf (via Benzinga) | 5/14/24

Novo Nordisk's Wegovy Delivers: Long-Term Study Shows Sustained Weight Loss As Drugmaker Tries To Woo Insurers And Governments

The data could potentially bolster Novo's case for Wegovy as it attempts to convince insurers and governments to cover the cost of the drug. read more more

Benzinga Neuro (via Benzinga) | 5/14/24

'Big Short' Fame Investor Expects Elon Musk's Tesla Shares To Plunge 70%: 'People Are Going To Start To Lose Patience'

Elon Musk's Tesla is likely to experience a significant decline in its stock value, according to a prominent investor. The investor's prediction is based on the company's recent developments and its … more

Benzinga Neuro (via Benzinga) | 5/14/24

Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday