FTX settles $24 billion IRS claim for fraction to prioritize customer repayments Background Defunct crypto exchange FTX has agreed to settle the Internal Revenue Service (IRS) substantial $24 billion tax claim for a significantly lower amount to help the company prioritize its customer repayments during its ongoing bankruptcy process. Settlement Terms According to the terms…
Metropolitan Bank Holding Corp.: Steadfast and Resilient in a Volatile Market Metropolitan Bank Holding Corp. (MCB), a leading financial services firm, has proven its mettle in the face of recent market volatility. Despite a slight uptick in growth rates, the bank’s financial stability remains unwavering. Stable Margins: The Foundation of Metropolitan Bank’s Success One of…
Far-Right Parties Make Gains in EU Elections What Happened in the EU Elections? The European Union elections held on Sunday saw a significant shift towards far-right parties, with Marine Le Pen’s National Rally in France and Alternative for Germany making substantial gains. Exit polls showed these parties ahead of the governing camps, which could have…
Ripple Co-founder’s Dormant XRP Addresses: A Sudden Surge of Activity Blockchain investigator ZachXBT, known for his meticulous analysis of cryptocurrency transactions, has recently brought attention to a significant development in the Ripple (XRP) ecosystem. According to his findings, several dormant XRP addresses linked to Ripple co-founder Chris Larsen have become active again after a long…
Ethereum’s Lackluster Performance A Disappointing Year for Ethereum What’s Going on with Ethereum? Over the past year, Ethereum has been struggling to keep up with the rapid price growth seen in other cryptocurrencies, particularly Bitcoin and various altcoins. This lackluster performance has left many investors feeling frustrated and uncertain about the future of the platform….
SentinelOne’s Disappointing Revenue Outlook: A Closer Look On Wednesday, cybersecurity company SentinelOne (S) shared some disappointing news with investors after the market closed. Despite reporting adjusted earnings that surpassed analysts’ expectations, the company’s revenue outlook fell short, sending SentinelOne’s stock price tumbling in after-hours trading. Financial Performance According to the company’s press release, SentinelOne reported…
Rosen Law Firm Reminds Kaspi.kz Investors of Lead Plaintiff Deadline NEW YORK, Feb. 14, 2025 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, is reminding purchasers of securities of Joint Stock Company Kaspi.kz (NASDAQ: KSPI) about the upcoming lead plaintiff deadline. Important Deadline Information Investors who purchased Kaspi.kz securities between January 19,…
The Chefs’ Warehouse, Inc.: Q4 and Fiscal Year 2024 Financial Results Announcement and Conference Call On January 29, 2025, The Chefs’ Warehouse, Inc. (CHEF) made an important announcement regarding the release of its financial results for the fourth quarter and fiscal year ended December 27, 2024. Here’s a closer look at the details: Financial Results…
