U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax-evasion risk
The Treasury Department on Thursday announced that it is taking steps to crack down on cryptocurrency markets and transactions, and said it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service.
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Stock Alert: Iovance Biotherapeutics Up 16%
Iovance Biotherapeutics, Inc. (IOVA) shares are trading higher on Thursday morning. The shares have been gaining since Wednesday as the company announced that it will continue with the first potential biologics license application for lifileucel, as it received regulatory feedback from FDA.
Currently, shares are at $19.10, up 16.84 percent from the previous close of $16.33 on a volume of 19,178,567. For the 52-week period, the shares have traded in a range of $15.88-$54.21 on average volume of 2,791,350.
Stock Alert: Genius Sports Jumps 9% On Strong Q1 Results
Shares of sports data and technology company Genius Sports Limited (GENI) are up 9 percent on Thursday’s trading as the company recorded strong first-quarter results and raised full-year revenue outlook by 35 percent.
The company posted first-quarter net loss of $5.32 million or $2.84 per share, lower than net loss of $7.54 million or $4.03 per share in the year-ago quarter.
During the three-month period, revenue was up 52 percent to $53.7 million from $35.4 million in the prior-year quarter.
The company raised its fiscal 2021 revenue outlook and now expects revenue between $250 million and $260 million from the earlier projected $190 million.
The stock is currently trading at $21.55, up $1.98 or 9% on the NYSE.
GENI has traded between $9.80 and $23.49 in the past 52-week range.
Oprah-backed Oatly valued at $13 billion in U.S. debut
(Reuters) – Shares of Oprah Winfrey-backed Oatly Group AB rose 30% in their market debut on Thursday, fetching the world’s largest oat milk company a valuation of about $13 billion as consumer demand for plant-based dairy picks up.
Nationals manager Dave Martinez gets money’s worth following ejection vs. Cubs
A classic Major League Baseball manager ejection took place at Wrigley Field on Wednesday.
Let's just say Washington Nationals manager Dave Martinez got his money's worth.
It was the top of the seventh inning when shorstop Trea Turner struck out on a pitch that sailed past Chicago Cubs catcher Willson Contreras. Turner took off for first base, but the first-base umpire Chris Conroy ruled he'd run out of the baseline as Contreras' errant throw went into right field.
Martinez stormed out of the dugout, took first base out of the ground and slammed it on the ground. For good measure, he added a kick.
Dave Martinez with an early candidate for ejection of the yearpic.twitter.com/VoYIWXqJo5
“I sat there and was beside myself every time I watched it,” Martinez said after the game. “Trea ran as straight as he possibly could have run to the base.”
Martinez's base slam came after home plate umpire Pat Hoberg ejected the skipper for tracing Turner's steps to the bag.
Stock Alert: PagSeguro Digital Up 4%
Shares of Brazilian e-commerce company PagSeguro Digital Ltd. (PAGS) are trading up 4 percent on Thursday as the company released summary operating metrics for the first quarter of 2021.
In the period, consolidated Total Payment Volume or TPV was R$81.4 billion, up 102 percent from last year. Active merchants stood at 7.3 million, with 301 thousand being added in the first quarter.
The company will announce its first-quarter results on June 3. Analysts polled by Thomson Reuters anticipate earnings of $0.19 per share on revenues of $373.3 million in the quarter.
The stock is currently trading at $45.06, up $1.95 or 4% on the NYSE.
PAGS has traded between $25.88 and $62.83 during the past 52 weeks.
Greg Gutfeld’s ‘Bumbling Dodge’ On Big Election Lie Sparks Fox News Fight
The “big lie” still creates big tension when a Fox News personality has to confront it. (Watch the video below.)
On Wednesday’s “The Five,” co-host Juan Williams asked fellow panelist Greg Gutfeld if he thought “anybody should pay a price for advocating for the big lie.”
“What big lie?” Gutfeld, perhaps playing dumb, asked.
“That somehow the November election was stolen by fraud,” Williams replied.
Gutfeld said they were starting to go off-topic, but Williams persisted.
“I asked you a question. You can’t answer the question?” Williams snapped.
“I can, but I’m not,” Gutfeld responded.
The sniping back-and-forth over what Media Matters called Gutfeld’s “pathetic, bumbling dodge” didn’t end there:
Williams has supplied a contrarian voice amid the conservative news channel’s persistent support of baseless claims that President Joe Biden’s victory was rigged against Donald Trump. Fox News has also pushed revisionist blather about the Capitol riot and tried to discredit Rep. Liz Cheney (R-Wyo.), who was ousted from her leadership post after she continually criticized Trump.
Last week, Williams penned a long essay in The Hill pointing out to the GOP that its allegiance to Trump ignores recent polling and will hurt the party in midterm elections.
h/t Media Matters