Trump Media & Technology Group stock (DJT) surged as much as 25% on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election. Shares pared gains throughout the trading day to close around 6% higher. With a win in Wisconsin, Trump secured the 270 electoral college votes needed to win, according to the Associated Press. The Republican is now set to have the distinction of being the 45th and the 47th US president. Trump maintains a roughly 60% interest in DJT. At current levels of around $36 a share, Trump Media boasts a market cap of about…
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The Brabus 700 Blue Sky is a testament to automotive excess, a zenith of luxury and performance. Based on the already opulent Rolls-Royce Cullinan, this German tuner’s creation takes opulence and power to a new level. With a 6.75-liter twin-turbocharged V12 engine, the Blue Sky boasts a staggering 700 horsepower and 950 Nm of torque, eclipsing even the Cullinan Black Badge. This brute force propels the 2.7-ton behemoth from 0 to 62 mph in a mere five seconds, a feat that blurs the lines between luxury sedan and supercar. Brabus 700 Blue Sky: Luxury Meets Unmatched Power in This Rolls-Royce…
EMERYVILLE, Calif. – NovaBay Pharmaceuticals, Inc. (NYSE American: NBY), a pharmaceutical company, announced today that it has agreed to a revised offer from PRN Physician Recommended Nutriceuticals, LLC to sell its eyecare business for an increased purchase price of $11.5 million. The agreement amends the original asset purchase terms set on September 19, 2024, and removes certain contingencies, adding assurances of PRN’s funding capabilities. The updated terms include the removal of debt financing conditions and the addition of a secured promissory note, or Bridge Loan, from PRN to NovaBay of up to $1 million, expected to be repaid at the…
Lake Elsinore Motorsports Park, a large motocross track located about 73 miles southeast of Los Angeles, has announced its closure due to a lawsuit stemming from a tragic accident that occurred in June. The park, which offered seven tracks for riders, made the decision to shut down after a 9-year-old girl, Brooke Carlton, was killed in an accident while riding an electric motorbike at the park. The property owner confirmed that the closure was in response to the legal issues arising from the accident, though further details about the lawsuit were not immediately provided. Brooke Carlton’s death took place when…
Sebastien Bourdais will join Tower Motorsports for the 2025 IMSA WeatherTech SportsCar Championship, driving alongside 2022 LMP2 champion John Farano in the No. 8 ORECA for the full season. Bourdais, a four-time Champ Car champion, brings a wealth of experience to the team after his time at Chip Ganassi Racing, where he enjoyed success, including a victory at Motul Petit Le Mans in his final race with the team. With Chip Ganassi Racing stepping away from the series, Bourdais found an opportunity with Tower Motorsports, a team known for its strong performances in endurance racing. The addition of Bourdais to…
Image source: Getty Images Forecasts look good for Barclays (LSE:BARC) and the banking giant’s share price has been tearing higher. City analysts expect normalised earnings to increase by around 9% this year and almost 18% in 2025. However, those anticipated improvements come after a dip in earnings and operating cash flow during 2023. Welcome to the world of cyclical businesses where earnings, cash flows, dividends and share prices can give investors a volatile long-term ride. A mixed bag of investment outcomes Cyclicality in the banking sector is the biggest risk shareholders face when investing in Barclays shares. It would be easy to mistime an…
Helmut Marko, a key figure in Red Bull’s F1 team, learned a valuable lesson in 2023 about never betting against Max Verstappen. Last year, Marko placed a €500 bet against Verstappen during the Abu Dhabi Grand Prix, not expecting him to achieve pole position. However, Verstappen defied expectations, bouncing back from a slow third practice session to secure pole, winning Marko the bet with Christian Horner. Marko admitted he had underestimated Verstappen’s ability, admitting, “I should have known Max!” Verstappen, in turn, humorously remarked that Marko had learned his lesson to never bet against him again. Despite the loss in…
In the third quarter of 2024, Orezone (ticker not provided) delivered a strong operational performance, as reported in their latest earnings call. CEO Patrick Downey highlighted the company’s record gold production and the advancement of its hard rock expansion project. Despite facing challenges such as heavy rainfall and a temporary mill shutdown, Orezone managed to exceed its oxide plant’s processing capacity and made significant strides in both production and financial health. The company is also actively pursuing exploration to expand reserves, with promising drilling results expected. Key Takeaways Orezone’s oxide plant exceeded its design capacity, processing 5.9 million tonnes, with…
Lance Stroll’s performance at the Brazilian Grand Prix was heavily criticized, particularly for his actions during the formation lap. After a difficult weekend that began with a crash in qualifying, Stroll’s troubles continued when, despite repairs from his mechanics, he failed to even start the race. His exit occurred when he beached his Aston Martin AMR24 in a gravel trap during the formation lap, a mistake that left many questioning his decision-making. The incident unfolded when Stroll locked up his rear wheels and spun off the track, fortunately coming to a stop on the asphalt without any damage to his…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Wall Street soared Wednesday on Donald Trump winning the presidential election. The Dow was leading the way higher in a broad-based rally, surging more than 3% to an all-time high. Bond yields were also higher as money moved into stocks but also on concern that Trump’s policies could be inflationary. Jim Cramer said that Wednesday belongs to the stock market but Thursday will belong to the bond market. He cautioned that a continued rise in bond…