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☆ Apple to open first store in Malaysia as Asia expansion continues
▼ + stars: | 2024-05-29 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

The new iPhone 15 Pro is displayed during an Apple event at the Steve Jobs Theater at Apple Park in Cupertino, California, on Sept. 12, 2023. Apple plans to open its first store in Malaysia next month, the company said Wednesday, underscoring a bigger push into the Asia region beyond China. The store will be located at The Exchange TRX mall in the Malaysian capital of Kuala Lumpur. It will open on June 22 at 10 a.m. local time, Apple said.

Persons: Steve Jobs, Apple Organizations: Steve, Apple Locations: Cupertino , California, Malaysia, Asia, China, Malaysian, Kuala Lumpur

☆ A former 'Biggest Loser' contestant lost more than 150 pounds and kept it off without giving up her favorite foods
▼ + stars: | 2024-02-15 | by ( ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "I love to talk about what I'm going through because we all have blind spots." "I love weight lifting, I love lifting heavy, but mentally, I've had a hard time even thinking about it lately, even though I know I should," Hoffman said. "I don't want to have to think about what workout I'm going to do." Instead, she's been training with TRX, a set of straps that offer a variety of body weight options.

Persons: —, Megan Hoffman, wasn't, Hoffman, you've, she's, I've Organizations: Service, NBC, Business Locations: Southern California

☆ Wednesday analyst calls: JPMorgan downgrades New York Community Bancorp, Eli Lilly gets big boost
▼ + stars: | 2024-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Troubled regional bank New York Community Bank faced a downgrade from JPMorgan, which said NYCB is facing a multitude of challenges. The firm upped its price target for the drug maker to $850, all the way from $200. Wells Fargo : Analyst Zachary Fadem kept his overweight rating and raised his target price by $200 to $2,800, implying 12.5% upside for shares. "After speaking to management, we confirmed these two executives had indeed left the company, wrote JPMorgan analyst Steven Alexopoulos. NXP's stock price is down 2.9% for the year, but still higher than 15% over the past 12 months.

Persons: Eli Lilly, Eric Gonzalez, Gonzalez, Wells, Zachary Fadem, Sara Senatore, Chipotle, — Pia Singh, JPMorgan downgrades, Steven Alexopoulos, Alexopoulos, John Melloy, Vivek Arya, Arya, Robyn Karnauskas, Karnauskas, Zepbound Organizations: CNBC, New York Community Bank, JPMorgan, Pharma, Truist Securities, Semiconductors, Bank of America, KeyBanc, Barclays, New York Community Bank JPMorgan, New, Community Bank, Financial Times, Bloomberg News, New York Community Bancorp, Battery Management Systems, Food and Drug Administration Locations: Wells Fargo, Tuesday's

☆ Eli Lilly's Zepbound is off to a strong start, but here's what needs to happen to push shares higher
▼ + stars: | 2024-01-24 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

Lilly's Mounjaro and Zepbound both use tirzepatide as an active ingredient, but Mounjaro is indicated for type 2 diabetes, while Zepbound aids weight loss. A rich valuation LLY 1Y mountain Eli Lilly shares over the past year. But even good news about Zepbound's launch might not be enough to propel Lilly's stock higher. Goldman's Shibutani has a neutral rating on Lilly shares and a price targe of $600, which implies shares could fall nearly 5% from they started the week. He has a buy rating on Lilly shares, and expects the stock could hit $700 over the next 12 months.

Persons: Eli Lilly's, Lilly, Goldman Sachs, Chris Shibutani, IQVIA, Shibutani, Lilly's, Mounjaro, Eli Lilly, Geoff Meacham, NASH, Meacham, there's, Morgan Stanley, Terence Flynn, Flynn, Morgan Stanley's, Michael Bloom Organizations: Food and Drug Administration, Zepbound, Novo Nordisk's, Medicare, Bank of America, Novo Nordisk, Bank of, FDA, CNBC Locations: Indianapolis, Mounjaro

☆ Video of a Ram truck flying through Burning Man's mud trap while hauling an RV is the best ad a car company could ask for
▼ + stars: | 2023-09-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The driver of a Ram 1500 TRX defied the odds in a video of the vehicle driving over mud. Amid rainstorms and flooding at Burning Man, the pickup truck managed to escape the muddy playa. While others trudged through ankle-deep mud at Burning Man, the driver of a truck made by Stellantis's Ram brand appeared to power through the wet grounds of Black Rock City, Nevada. The Burning Man festival was hit with rainstorm over the weekend that left more than 73,000 stranded. AdvertisementAdvertisementEach year, Burning Man attracts over 70,000 attendees that include the average Silicon Valley tech bro, models, and billionaires.

Persons: TRX, Stellantis's Ram, Brendan Cogbill, hine, ake Organizations: Service, ust Locations: Wall, Silicon, Black Rock City , Nevada

☆ Justin Sun argues crypto winter is over and addresses the SEC charges against him
▼ + stars: | 2023-05-17 | by ( Talia Kaplan | ) www.cnbc.com time to read: +1 min

Crypto World reached out to the Securities and Exchange Commission for comment in response to Sun’s claim that the agency lost a lot of credibility on its crypto legal actions and a spokesperson pointed to a prior statement from SEC Chair Gary Gensler. When the SEC charged Sun and his companies in March Gensler said, “This case demonstrates again the high risk investors face when crypto asset securities are offered and sold without proper disclosure." “As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX,” Gensler's statement continued. “Sun further induced investors to purchase TRX and BTT by orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweets.”

☆ T-Rex skeleton sells for more than $6 mln at Swiss auction
▼ + stars: | 2023-04-18 | by ( Cecile Mantovani | ) www.reuters.com time to read: +2 min

[1/5] View of the mouth of a 67-million-year-old T-Rex skeleton named "TRX-293 TRINITY Tyrannosaurus" is seen during a preview at Koller auction house in Zurich, Switzerland March 29, 2023. REUTERS/Denis BalibouseZURICH, April 18 (Reuters) - The skeleton of a giant Tyrannosaurus Rex, a creature that roamed the Earth 67 million years ago, sold for 5.5 million Swiss francs ($6.13 million), less than expected, in Zurich on Tuesday. An undisclosed buyer offered the winning bid of 4.8 million Swiss francs, less than the 5 million to 8 million Swiss francs estimate, but the total price was higher with the buyer's premium and fees at Koller Auctions. It was the first time in Europe and the third time worldwide that an entire T-Rex skeleton of exceptional quality was offered at auction, Koller, Switzerland's largest auction house, said in a statement. Two other T-Rex models discovered in North America, called Sue and Stan, were sold for $8.4 million and $31 million respectively in 1998 and 2020.

☆ TSX futures gain on oil boost; big US banks jump
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

April 14 (Reuters) - Futures for Canada's commodity-heavy stock index edged up on Friday, tracking a rise in crude prices, while upbeat earnings from big U.S. banks supported optimistic investor mood. June futures on the S&P/TSX index were up 0.2% at 7:00 a.m. Wall Street futures slipped as most growth and technology stocks were down in premarket trading, while robust earnings from big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N), limited losses for futures tracking S&P 500 (.SPX). The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) rose on Thursday to its highest closing level in nearly six weeks, buoyed by strength in gold miners. In company news, Scotiabank downgraded oil and gas company Cenovus Energy Inc (CVE.TO) to "sector perform" from "sector outperform."

☆ Binance.US to delist digital asset tokens TRON, Spell
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, April 12 (Reuters) - The U.S. arm of cryptocurrency exchange Binance said it will remove digital asset tokens TRON and Spell from its trading platform, sending the prices of both down sharply on Wednesday. The TRON token fell nearly 5% against the U.S. dollar after the announcement, which was posted on Twitter and the Binance.US website, while the much smaller Spell token fell more than 5%, based on data from CoinMarketCap. Justin Sun, founder of the TRON token, told Reuters in a text message that the impact would be "relatively small". "Binance.US trading volume is less than $1 million per day. TRX's current trading volume is $400 million," said Sun, using the token's ticker symbol.

☆ Ram electric pickup truck can go 500 miles on a charge, says Stellantis
▼ + stars: | 2023-04-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

GM expects to get 400 miles of range from its electric trucks. That’s one reason why having a lot of range can be an especially good thing in an electric truck. The pickup truck battle of numbers isn’t just limited to power and pulling, however. Even the Ram TRX, a pickup designed for high-speed desert driving, has a 702-horsepower V8 engine, only slightly more power than the Ram REV. Essentially a plug-in hybrid, that truck will be for customers who aren’t ready to trust a fully electric truck.

☆ Rare T-Rex skeleton to go under the hammer in Switzerland
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

[1/3] A 67-million-year-old T-Rex skeleton named "TRX-293 TRINITY Tyrannosaurus" and measuring 11.6m long and 3.9m high, is seen during a preview at Koller auction house in Zurich, Switzerland March 29, 2023. The giant carnivore, named TRX-293 Trinity, is expected to fetch between 5 million ($5.43 million) and 8 million Swiss francs ($8.70 million) when it goes on sale in Zurich on April 18. Standing 3.9 metres high and measuring 11.6 metres long, it is only the third T-Rex skeleton to be offered at auction, and the first in Europe. Discoveries of T-Rex fossils are extremely rare, said Hans Jacob-Siber, a paleontologist at the Aathal Dinosaur Museum in Switzerland. Almost all of the other fossilised T-Rexes are housed in museums, meaning massive interest whenever a skeleton comes up for sale.

☆ Lindsay Lohan, Jake Paul Violated Investor-Protection Laws by Touting Crypto, SEC Says
▼ + stars: | 2023-03-22 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

WASHINGTON—U.S. regulators clawed back money that actress Lindsay Lohan and boxer Jake Paul earned by promoting cryptocurrencies, continuing a campaign of making examples of celebrities who tout digital assets in violation of investor-protection laws. Ms. Lohan, Mr. Paul and four other celebrities agreed to pay a combined $400,000 to settle the SEC’s investigation of their role in the promotion of crypto assets TRX and BTT. The SEC also alleged that Justin Sun , whose companies sold those digital assets, artificially boosted TRX’s trading volume in 2018 and 2019 by having his own employees buy and sell the token.

The SEC said Sun's activity generated tens of millions of dollars of illegal profit at other investors' expense. "This case demonstrates again the high risk investors face when crypto asset securities are offered and sold without proper disclosure," SEC Chair Gary Gensler said in a statement. Andrew Brettler, a lawyer for Lohan, said the actress did not know about the disclosure requirements until last March. The SEC has been ratcheting up efforts to crack down on the crypto industry, which Gensler has called a "Wild West" riddled with misconduct. It said Sun inflated apparent trading volume in TRX through extensive "wash trading," involving simultaneous or near-simultaneous purchases and sales with no real change in ownership.

Lindsay Lohan attends/performs during a photocall for "Speed The Plow" at Playhouse Theatre on September 30, 2014 in London, England. The Securities and Exchange Commission has unveiled fraud and unregistered securities charges against crypto founder and Grenadian diplomat Justin Sun, alongside separate violations against the celebrity backers of his Tronix and BitTorrent crypto assets, which included Jake Paul, Lindsay Lohan and Soulja Boy. The unregistered offer and sale charges, on the other hand, are similar to charges the SEC has unveiled against other crypto offerings and exchanges, including Genesis, Gemini and Do Kwon's Terraform Labs. “This case demonstrates again the high risk investors face when crypto asset securities are offered and sold without proper disclosure,” said SEC Chair Gary Gensler. Tron and his backers' alleged behavior was part of an "age-old playbook to mislead and harm investors," SEC enforcement chief Gurbir Grewal said in a statement.

☆ The SEC charges Tron founder Justin Sun and 8 celebrities including Lindsay Lohan and Jake Paul in crypto lawsuit
▼ + stars: | 2023-03-22 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

The SEC sued Tron founder Justin Sun in a lawsuit involving Tronix and BitTorrent crypto tokens. It also charged eight celebrities with promoting the tokens without disclosing they were paid. Eight celebrities including the actress Lindsay Lohan, YouTuber Jake Paul, and singer Akon were also charged. The SEC said the celebrities it charged promoted crypto assets without making it clear they were being paid. Insider did not immediately receive comment from the charged celebrities it contacted ahead of publication.

☆ Lindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating crypto rules
▼ + stars: | 2023-03-22 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing to disclose that they were paid to promote crypto. The celebrities agreed to pay $400,000, including fines, and return what they were paid for the promotion. For their violations, Lohan agreed to pay $30,000 in fines in addition to the $10,000 she earned for the promotion. Paul agreed to pay $75,000 in fines on top of the $25,000 he earned. “At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation.”

Ram 1500 Revolution BEV electric concept pickup truck Stellantis"This is a vision, or a glimpse, into the future of Ram Trucks," Ram CEO Mike Koval Jr. told CNBC. The electric Ram truck is expected to enter an increasingly crowded segment of electric pickups that already includes the GMC Hummer EV, Ford F-150 Lightning, Lordstown Endurance and smaller Rivian R1T. Ram 1500 Revolution BEV electric concept pickup truck StellantisKoval said Ram isn't worried about being late to the segment. Ram 1500 Revolution BEV electric concept pickup truck StellantisThe design of the concept electric Ram pickup appears to be more of a lifestyle pickup rather than a traditional work truck, but executives said the production vehicle will serve both purposes. "The TRX (a performance version of the Ram 1500) has that in spades," Gilles told CNBC.

☆ FTX signs deal with Tron to let users swap some assets
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

Nov 10 (Reuters) - Cryptocurrency exchange FTX has set up an agreement with Justin Sun's blockchain network Tron that will allow holders of TRX and some other crypto tokens to swap assets from FTX to external wallets. Reporting by Niket Nishant in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Crypto whizkid Justin Sun says he's working with FTX to find a 'solution' after Binance dumped its rescue deal
▼ + stars: | 2022-11-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Crypto whizkid Justin Sun said he and FTX are 'putting together a solution' after the Binance deal collapsed. FTX needs $8 billion and bankruptcy is likely without more capital, its CEO Sam Bankman-Fried said. Binance dumped its takeover deal for FTX saying the issues were beyond its ability to help. But he didn't say whether this would rescue FTX as a company or only provide support around the Tron-related tokens on the exchange. Bankman-Fried told FTX employees he was exploring all options for the company after the Binance deal collapsed, Reuters reported Wednesday.

☆ 60+ Labor Day 2022 sales: The best ongoing deals available
▼ + stars: | 2022-09-06 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +18 min

Though yesterday was Labor Day, you can still find discounts on everything from mattresses and vacuums to grills and air purifiers. We're also seeing a lot of rare Labor Day sales from brands like Our Place, Allbirds and Great Jones. With several sales to choose from, retail experts told us ongoing Labor Day sales present a good opportunity to save as prices soar due to inflation and people begin to worry about spending more around the upcoming holidays. The best ongoing Labor Day deals in 2022To recommend the best ongoing Labor Day deals below, we evaluated highly rated options using price trackers like Honey and CamelCamelCamel — everything below is at its lowest price in at least the last three months. The best ongoing Labor Day sales in 2022Below, we rounded up sales across reader favorite categories to shop this holiday weekend.

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