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In the fast-paced world of stock trading, fortunes can be made or lost in the blink of an eye. One day trader recently made headlines when he raked in an astonishing $1.38 billion profit in a single day by making a bold bet on Chinese exchange-traded funds (ETFs). Even more impressive, this trader leveraged his position to maximize gains, showcasing the potential rewards of taking calculated risks in the stock market.
PHILADELPHIA — Joel Embiid has missed 16 games this season because of left knee injury management, knee swelling, personal reasons and a three-game suspension. But after he misses his 17th contest against the Orlando Magic, the 2023 NBA MVP will start to wade into dangerous territory and be in jeopardy, once again, of being disqualified for regular-season awards. The NBA, in cooperation with the National Basketball Players Association, instituted a 65-game rule last season for awards, hoping it would deter players and teams from leaning on load management to take off games. The seven-time All-Star was disqualified last season after playing in only 39 games. The most games Embiid can play in this season is 65 if he participates in all of the remaining contests starting with Sunday’s game against the Bulls in Chicago. But that is highly unlikely since Embiid is not expected to play on back-to-back nights because of load management. Embiid, who has missed the last six games, is averaging career lows of 19.8 points, 7.5 rebounds and 1.0 block. He’s also registering career lows of 37.9% shooting from the field and 16.7% on 3-pointers. While he’ll remain sidelined, Paul George will return after a one game of load management to face the Magic (16-8) at the Wells Fargo Center. Meanwhile, center Andre Drummond (sprained right ankle) was upgraded to questionable after being scheduled to miss the game. His status change could be tied with reserve center Adem Bona being sidelined with a bruised left knee. The Sixers (5-15) will look to avenge Wednesday’s 106-102 loss to Orlando. ©2024 The Philadelphia Inquirer. Visit inquirer.com . Distributed by Tribune Content Agency, LLC.
Players Era Festival organizers betting big NIL is future of college tourneysThe young forward's playing style has drawn comparisons to Inter Milan legend Christian Vieri, with his physicality, keen eye for goal, and ability to hold up play making him a well-rounded attacking threat. His performances on loan at Venezia have only served to enhance his reputation, with six goals in 19 appearances highlighting his potential to make an impact at a higher level.Feds suspend ACA marketplace access to companies accused of falsely promising ‘cash cards’
The Sacramento Kings have fired coach Mike Brown less than halfway through his third season with the team mired in a five-game losing streak, a person familiar with the decision told The Associated Press. The person spoke on condition of anonymity Friday because the firing hadn't been announced by the team. ESPN first reported the firing. Brown won NBA Coach of the Year in his first season in 2022-23, when he helped Sacramento end the longest playoff drought in NBA history at 16 seasons. But Sacramento lost in the play-in tournament last year and was off to a 13-18 start this season, leading to the move to fire Brown about six months after he agreed to a contract extension through the 2026-27 season. The Kings have lost an NBA-worst nine games this season after leading in the fourth quarter with the worst one coming in Brown's final game as coach Thursday night against Detroit. Sacramento led by 10 points with less than three minutes to play only to collapse down the stretch. Jaden Ivey converted a four-point play with 3 seconds left when he made a 3-pointer in the right corner and was fouled by De’Aaron Fox. That gave the Pistons a 114-113 win, leaving the Kings in 12th place in the Western Conference. Brown has a 107-88 record in two-plus seasons in Sacramento with a winning record in both of his full seasons. Rick Adelman is the only other coach to post a winning record in a full season since the Kings moved to Sacramento Brown previously had two stints as coach in Cleveland and spent one-plus season as Lakers coach. He has a 455-304 record and has made the playoffs in seven of his nine full seasons. He won Coach of the Year twice, also getting the award in Cleveland in 2008-09. AP NBA: https://apnews.com/hub/NBAFlight attendant faces dismissal over her social media post about Liam Payne's body onboard
When it comes down to standout areas of the market, cryptocurrency could be a huge winner in 2025. And among the stocks in this field, ( ) is positioning itself as a standout contender for the hottest stock in 2025. This Canadian company made significant strides in the cryptocurrency mining industry, particularly with . And it is now expanding its horizons into the burgeoning field of (AI). Recent performance In the third quarter of 2024, Hut 8 reported impressive financial results. The company achieved revenue of $43.7 million, marking a substantial increase from previous periods. This growth was driven by the mining of 234 Bitcoins at an average revenue per Bitcoin of $61,025 – all while maintaining a cost to mine of $31,482, showcasing efficient operational management. Plus, Hut 8 reported a net income of $0.9 million and an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $5.6 million, reflecting its profitability and operational efficiency. A key factor contributing to Hut 8’s potential is its substantial Bitcoin reserve. As of September 30, 2024, the company held 9,106 Bitcoins in reserve, with a market value of approximately $576.5 million. This significant holding not only strengthens Hut 8’s balance sheet. It also positions it to capitalize on favourable market conditions in the space. Future outlook Looking ahead, Hut 8 outlined ambitious plans to enhance its mining capabilities. The company announced an upgrade to its Application-Specific Integrated Circuit (ASIC) mining fleet. That’s expected to increase its self-mining hash-rate by approximately 66%, from the current 5.6 EH/s to around 9.3 EH/s. This upgrade should improve fleet efficiency by about 37%, reducing energy consumption and operational costs. The energization of these new miners is slated for the first quarter of 2025, aligning with the company’s growth objectives. In addition to hardware upgrades, Hut 8 is expanding its infrastructure. The development of the Vega site is progressing on schedule, with energization expected in the second quarter of 2025. This site is projected to contribute significantly to the company’s hosting capabilities, further boosting its operational capacity and revenue potential. More to come Diversifying beyond cryptocurrency mining, Hut 8 entered the AI sector. The company launched its GPU-as-a-Service business through its subsidiary, Highrise AI, securing a five-year agreement with an AI cloud services provider. This strategic move allows Hut 8 to leverage its existing infrastructure to tap into the rapidly growing demand for AI computational services, thereby opening new revenue streams and reducing reliance on cryptocurrency market volatility. Hut 8’s proactive approach to capital management further underscores its commitment to growth. The company announced a $500 million equity offering aimed at funding operations and expanding its Bitcoin reserves. At the same time, it launched a $250 million share buyback program, demonstrating confidence in its valuation and future prospects. The company’s strategic partnerships also play a crucial role in its expansion plans. Collaborations with industry leaders, such as BITMAIN for the deployment of next-generation ASIC miners, should enhance Hut 8’s mining efficiency and capacity. These partnerships are instrumental in maintaining the company’s competitive edge in the rapidly evolving tech landscape. Bottom line Hut 8’s combination of strong financial performance, strategic infrastructure investments, diversification into AI services, and effective capital management positions it as a compelling contender for the hottest TSX stock in 2025. Investors seeking exposure to the intersection of the cryptocurrency and AI sectors may find Hut 8’s growth trajectory particularly appealing.
