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Warner Bros. Discovery has announced it will split into two separate publicly traded companies by mid-2026, a move aimed at sharpening strategic focus and unlocking greater value for shareholders. The company, which has struggled under the weight of declining cable revenues and a sprawling portfolio of media assets, believes that separating its operations will better… Continue reading Warner Bros. Discovery to Split into Two Companies
Another small week ahead of us for quarterly reports. Grab a coffee and get your info here at MarketDraft. Medium-cap Small-cap Large-cap 06/09/25 CASY Casey’s General Stores WDS Woodside Energy Group Ltd 06/10/25 ORCL Oracle GME GameStop SJM The J. M. Smucker Co. CNM Core & Main 06/11/25 CHWY Chewy 06/12/25 ADBE Adobe KEP Korea… Continue reading Upcoming Quarterly Reports 6/9 – 6/13 2025 (Week 24)
In a significant development within the cryptocurrency sector, Chinese authorities are reported to have sold approximately 194,000 Bitcoin (BTC) confiscated from the notorious PlusToken Ponzi scheme. This sale, estimated at nearly $20 billion, has raised questions about China’s transparency regarding digital asset management and its potential impact on the crypto market. Launched in April 2018,… Continue reading China Allegedly Liquidates 194,000 Bitcoin Seized from PlusToken Scam
The Walt Disney Company has initiated a second round of layoffs, affecting several hundred employees across its film, television, and corporate finance divisions. This action is part of a broader cost-reduction strategy announced by CEO Bob Iger, aimed at streamlining operations and positioning the company for long-term growth. The job cuts are part of a… Continue reading Disney Implements Second Round of Job Cuts Amid Strategic Restructuring
We got another small week ahead of us, take a moment to get your info and Get your Share at MarketDraft! Medium-cap Small-cap Large-cap 06/02/25 CRDO Credo Technology Group 06/03/25 CRWD CrowdStrike FERG Ferguson plc HPE Hewlett Packard DG Dollar General GWRE Guidewire Software CNM Core & Main 06/04/25 DLTR Dollar Tree 06/05/25 AVGO Broadcom… Continue reading Upcoming Quarterly Reports 6/2 – 6/6 2025 (Week 23)
In a harrowing case that underscores the perils faced by cryptocurrency holders, two prominent crypto investors have been arrested in New York City for the alleged kidnapping and torture of an Italian Bitcoin trader. The suspects, John Woeltz, 37, known as the “crypto king of Kentucky,” and William Duplessie, 32, co-founder of the Swiss-based Pangea… Continue reading Arrests made in Crypto Kidnapping and Torture Case
In a significant development that has buoyed global markets, President Donald Trump announced a delay in the implementation of a proposed 50% tariff on European Union (EU) imports. The decision, revealed on Sunday via Truth Social, pushes the tariff’s start date from June 1 to July 9, providing a window for intensified trade negotiations between… Continue reading Markets Surge as Trump Delays EU Tariffs Amid Renewed Trade Talks
We got a small week ahead of us, take a moment to get your info and go enjoy your Memorial Day weekend! Medium-cap Small-cap Large-cap 05/26/25 WDS Woodside Energy Group Ltd 05/27/25 PDD PDD Holdings Inc. Sponsored ADR AZO AutoZone BNS Bank of Nova Scotia HEI Heico HEI.A Heico OKTA Okta 05/28/25 NVDA NVIDIA CRM… Continue reading Upcoming Quarterly Reports 5/26 – 5/30 2025 (Week 22)
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 is a bipartisan Senate proposal to create the first federal framework for “payment stablecoins.” Introduced Feb. 4, 2025 by Sen. Bill Hagerty (R TN) with Cosponsors Tim Scott (R SC), Kirsten Gillibrand (D NY) and Cynthia Lummis (R WY), the GENIUS Act defines a payment stablecoin… Continue reading Overview of the GENIUS Act
Regeneron Pharmaceuticals, a prominent U.S. biotechnology firm, has announced its acquisition of the bankrupt genetic testing company 23andMe for $256 million. This strategic move aims to bolster Regeneron’s capabilities in genetic research and personalized medicine. Established in 1988 and headquartered in Tarrytown, New York, Regeneron is renowned for its commitment to in-house research and development.… Continue reading Regeneron Pharmaceuticals Buys Bankrupt 23andMe for $256 Million