To The Moon

AMD has lagged behind the broader semiconductor index this year despite robust uptake for its Instinct accelerators in the heat of the AI arms race.The client segment is also benefitting from an early

Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity inv

Singapore and New York, Nov 27, 2023 — UP Fintech Holding Limited ("UP Fintech" or the "Company", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm com

Citi analyst Alicia Yap downgraded shares of Sea Ltd. to Neutral from Buy, lowering the price target to $50 from $98 per share in a note Wednesday. The analyst told investors that the company's strategy shift amid intensified competition raises uncertainty.Sea reported a mixed 2Q23 on Wednesday, missing earnings expectations. However, the company's gaming operating metrics like QAU and paying users and e-commerce metrics like gross order growth and active users achieved sequential growth. "Management expects ongoing reaccelerated investment could lead to Shopee EBITDA and group level profit reverting to loss in future quarters," the analyst wrote. "Although we agree it is the right approach to defend market share amid intensified competition, no clear direction of GMV growth and management's tolerance of turning back to loss-making suggest to us that there is a lack of visibility on the investment's effectiveness and a brutal battle could be just starting."Citi believes investors' con

The top Democrat on the House Financial Services Committee said Wednesday she is "deeply concerned" with PayPal's decision to launch a stablecoin before the government establishes regulations for the assets."Given PayPal's size and reach, Federal oversight and enforcement of its stablecoin operations is essential in order to guarantee consumer protections and alleviate financial stability concerns," Rep. Maxine Waters said in a statement.Waters also criticized Republicans on the House committee for advancing a stablecoin bill last month without her support, urging them to come back to the negotiating table.U.S. policy makers' have worried for years that dollar-based stablecoins could threaten the financial system if they lose their 1-to-1 peg to the greenback, prompting investors to demand their money back en masse. Lawmakers have also voiced concerns related to money laundering, privacy and consumer protection.PayPal's size could subject it to heightened scrutiny from lawmakers and