Seeking Alpha Author Bram De Haas joins Cheddar to discuss how FRMO Corporation benefits from the $12 million it's invested in the cryptocurrency market.
FRMO Corporation is a holding company that is invested directly or indirectly in Ripple, Bitcoin Cash, and Bitcoin. De Haas says he likes this company because it isn't impacted by the bitcoin market. It doesn't matter if bitcoin drops to $0...the company is safeguarded.
FRMO's other investments include OneChicago, Digital Currency Group, CNSX Markets, Miami International Holdings, The Bermuda Stock Exchange, and Horizon Kinetics.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
