Jordi Vidal | Redferns | Getty ImagesAstronomer CEO Andy Byron’s controversy went so viral that it sparked millions of dollars in bets on prediction markets over his resignation.On July 16, Bryon was caught on camera hugging his human resources director Kristin Cabot on a kiss cam during a Coldplay concert with the two quickly ducking for cover. The footage suddenly grabbed global attention and attracted significant activity on popular prediction platforms Kalshi and Polymarket.By the following day, Kalshi was pricing in a probability as high as 65% that Byron would leave as Astronomer CEO this month. On Polymarket, the odds of…
Author: usaeverydaylife
A cutout of US President Donald Trump holding a Bitcoin is displayed on a group of servers during The Bitcoin Conference at The Venetian Las Vegas in Las Vegas, Nevada, on May 27, 2025.Ian Maule | Afp | Getty ImagesTrump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to crypto continues to grow his net worth while in office.The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release.Trump Media shares popped as high…
Chris Martin of Coldplay performs live at San Siro Stadium, Milan, Italy, in July 2017.Mairo Cinquetti | NurPhoto | Getty ImagesAstronomer’s interim CEO said in his first public comment since unexpectedly taking over the role on Saturday that he hopes to move the tech startup past the viral moment that captured national attention last week.Pete DeJoy was appointed to the top job due to the resignation of CEO Andy Byron, days after he was caught on video in an intimate moment with the company’s head of human resources at a Coldplay concert. Astronomer said over the weekend that it would begin…
Marco Pistoia, Global Technology’s Head of Applied Research and Engineering at JP Morgan.Source: JP MorganJPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, hiring a State Street executive, CNBC has learned.Marco Pistoia, the former IBM inventor who became head of JPMorgan’s applied research group in 2020, has recently left the bank, according to a person briefed on the matter, who declined to be identified speaking about personnel.That group conducted research into how emerging technologies including quantum computing and communications, blockchain, computer vision and networking could solve problems in…
As the restaurant industry aims to lure frugal consumers with discounts and deals, Domino’s Pizza thinks it can steal diners from its competitors.”I think the industry headwinds are actually tailwind for us. Meaning, of course, they’re headwinds, but we’re going to gain [market] share during this time frame,” CEO Russell Weiner told CNBC on Monday.Domino’s on Monday reported U.S. same-store sales growth of 3.4%, topping StreetAccount estimates of a 2% increase. The chain’s first-ever stuffed crust pizza, which was introduced in March, boosted sales, but so did the deals Domino’s offered. Executives said that Domino’s grew sales across all income…
The S & P 500 Index (SPX) has gained 31% since the April low, breaking out to new highs in a bullish long-term development. The gains have been largely driven by large-cap technology stocks like Nvidia (NVDA) and Microsoft (MSFT) , which are up about 100% and 48%, respectively. These names are relatively overbought, along with much of the market’s leadership, versus the SPX. We think there is greater appeal in relatively oversold stocks as the rally broadens. One sector that is relatively oversold and has a fresh technical catalyst is utilities. The PHLX Utility Sector Index (UTY) is breaking…
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | ReutersThe Food and Drug Administration said Monday it has appointed former biotech executive George Tidmarsh as the agency’s top drug regulator.Tidmarsh, an adjunct professor of pediatrics and neonatology at Stanford University’s School of Medicine, will lead one of the biggest and most crucial divisions of the FDA, which reviews the vast majority of new drug applications.The Center for Drug Evaluation and Research, or CDER, regulates over-the-counter and prescription treatments, including biologic therapies and generics. The acting head…
Check out the companies making the biggest moves midday: Bruker — The lab instrument and tools maker shed 12% after the company issued weaker-than-expected guidance for the second quarter. The company expects to earn between 32 and 34 cents per share on revenue ranging from $795 million to $798 million. Analysts polled by FactSet expected a profit of 42 cents per share on revenue of $813.3 million. Block — The fintech stock surged 8% as it prepares to officially join the S & P 500 before the opening of trading on July 23. Block will replace Hess, which has been…
Morgan Stanley is getting more bullish on Pinterest . The firm upgraded the social media stock to overweight from equal weight in a Sunday note, and raised its price target to $45 per share from $37. Morgan Stanley’s forecast calls for about 21% upside from Friday’s close. Analyst Brian Nowak highlighted three reasons for investors to buy Pinterest: GPU-powered “innovation” is beginning to yield results Attractive valuation Investors underappreciating a reacceleration in top-line growth “We have been monitoring PINS’s GPU [graphic processing unit] enabled investments and budding engagement and monetization improvements for multiple quarters,” Nowak said. “Heading into 2H, we…
The stock market is taking President Donald Trump’s tariff threats in stride as investors expect milder duties on U.S. trading partners than initially feared. Goldman Sachs looked at the first day performance in the S & P 500 as well as a basket of stocks with high tariff exposure on dates of key trade developments, such as Liberation Day on April 2 and a hike in China duties on April 7. The Wall Street firm found that the market seems to be reacting less and less to the headlines. “The equity market appears to be unconcerned by the recent tariff…
