StockTwits, founded in 2008 by Howard Lindzon and Soren Macbeth, is a leading social media platform designed specifically for investors and traders to share real-time market insights, ideas, and strategies. Headquartered in New York City, the company pioneered the use of "cashtags" (e.g., $AAPL) to organize financial discussions, initially integrating with Twitter before evolving into a standalone network.
According to a Reuters report, CFO Cathy Smith announced in an internal memo that Ningyu Chen, who formerly held the role of senior vice president of global experience technology, will serve as the interim chief technology officer.
JPMorgan cited that IREN’s valuation appears to reflect expectations around a massive colocation agreement exceeding one gigawatt at its Sweetwater site in Texas.
The BEA’s personal income and spending report for August is expected to show a 2.7% year-over-year increase in the personal consumption expenditure (PCE) index, up from the 2.6% rate in July.
The analyst noted that the stock has been trading above key moving averages, accompanied by improving momentum indicators, while support and resistance levels indicate a sideways-to-positive outlook.
Earlier in the day, the Bitcoin miner had proposed a senior notes offering of $800 million to private institutional buyers, which resulted in a 17.5% decline in share price.
Commerce Secretary Howard Lutnick has reportedly discussed the plan with semiconductor industry executives, emphasizing to them the importance of the measure in ensuring economic security.
The BEA’s revised estimates showed 3.8% seasonally adjusted annual growth, above the 3.3% rate estimated, on average, by economists, with the real personal consumption expenditure upwardly revised to 2.5%.
