Defi Coin Triggers All "Buy" Signals and Could Break Out Soon

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

PASSIVE INCOME (by this evening)

Macy's names 2 independent directors as part of agreement with activist investor

ANNE D'INNOCENZIO
April 10, 2024

NEW YORK (AP) -- Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

Macy's said the directors -- Ric Clark and Rick Markee -- will join the finance committee effective immediately and oversee the evaluation of and make recommendations to the full board regarding the acquisition proposal submitted by Arkhouse and Brigade Capital Management, LP that Macy's had opposed. Arkhouse previously nominated the two directors in February, after Macy's rejected its initial acquisition proposal. It was part of a big push by Arkhouse to get a total of nine new board members and ignited a proxy fight.

"The Macy's, Inc. board is committed to acting in the best interests of all Macy's Inc. shareholders, and the composition of our board is something we take seriously," said Paul Varga, lead independent director, in a statement.

In March, Arkhouse Management and Brigade Capital Management upped their offer to acquire Macy's in a deal now valued at $6.6 billion. The investment firms had said at the time they had submitted an all-cash proposal of $24 for each of the remaining shares in Macy's they don't already own -- up from a earlier offer of $21 per share.

Macy's rejected the earlier deal, which was valued at $5.8 billion, in January. At the time, the retailer said that its board reviewed the investment firms' proposal and not only had concerns about the financing plan, but also felt there was a "lack of compelling value."

Macy's said Wednesday that the board was engaging with Arkhouse and Brigade on their buyout proposal. It noted it had provided them with certain confidential information so that they could conduct due diligence. Macy's said its board is "open-minded" about creating shareholder value.

In a statement emailed to The Associated Press, Gavriel Kahane and Jonathon Blackwell, managing partners at Arkhouse, said: "The appointment of Clark and Markee to the board and the finance committee ... will ensure that our discussions continue to be constructive and that our proposal is treated seriously and expeditiously."

Clark has nearly four decades of real estate, mergers and acquisitions and capital markets experience. He is co-founder and managing partner of WatermanClark, a real estate investment and operating company. Markee has extensive retail leadership experience both as CEO and as a director on numerous public company boards. Markee previously served in various roles at Vitamin Shoppe Inc., including as non-executive chairman, executive chairman and CEO.

As previously announced, CEO Tony Spring has assumed the chairman role, and Douglas W. Sesler has joined the board as an independent director. These changes follow the planned retirements of Jeff Gennette and Frank Blake from the Macy's board.

Following Wednesday's appointments and retirements, Macy's board comprises of 15 directors, 14 of whom are independent.

Macy's shares rose 9 cents to $19.78 in morning trading.

Continue Reading...

Popular

South Africa's 4 big political parties begin final weekend of campaigning ahead of election

JOHANNESBURG (AP) — South Africa's four main political parties began the final weekend of campaigning Saturday before that could bring the country's most important change in three decades.

What's open and closed on Memorial Day

In what had long been celebrated every May 30 to honor America's fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May.

"This Could Be Worth Even More Than A.I." - Ad

Whitney Tilson's nailed many of the most famous stocks of the last 25 years -- including Netflix, Amazon, and Apple. Now he's pounding the table on a new technology rolling out across America, which early estimates say could create more wealth than A.I., the personal computer, and the smartphone combined.

Bill Gates Says It Took Him 'Far Too Long' To Learn This Lesson From Warren Buffett

Microsoft co-founder Bill Gates acknowledged that he could have learned a crucial lesson from his friend Warren Buffett much earlier in his career.

Bitcoin Hits One Billion Transactions Amid Weekend Rebound 15 Years After Satoshi Nakamoto Created It — But Was It Faster Than Ethereum?

In a historic milestone for the cryptocurrency industry, Bitcoin (CRYPTO: BTC) surpassed 1 billion on-chain transactions, 15 years after its launch by the pseudonymous creator, Satoshi Nakamoto.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

AstraZeneca Pulls Plug On Vaxzevria COVID-19 Vaccine Amid Surplus of Updated Vaccines

It is worth noting that AstraZeneca has previously conceded in court documents that Vaxzevria can induce side effects such as blood clots and low blood platelet counts.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion

Curaleaf Holdings, Inc. (OTC: CURLF), a leading international cannabis company, reported its financial results for the first quarter of 2024.

California's budget deficit has likely grown. Gov. Gavin Newsom will reveal his plan to address it

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom will update his budget proposal on Friday, and the news likely won't be good.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

Warren Buffett suggests that federal taxes will likely increase given the country's precarious fiscal position, and he expressed Berkshire's willingness to cover the tax bill it faces.

Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

MINNEAPOLIS (AP) — On college campuses across the country, a rallying cry of has been “ ! We will not stop, we will not rest.”

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Trump Vs. Biden: New Swing State Poll Reveals Winner, One Key 2024 Election Issue Could Influence Result (Updated)

A new 2024 election poll of swing state voters shows Donald Trump with a commanding lead. One key factor could be determining the race in these markets.

Nvidia's AI Dominance Evident As Tech Behemoths From Microsoft To Meta And Google Keep Pumping Billions Into Chipmaker, Analysis Reveals

Nvidia is set to release its first-quarter earnings, and the company is already making waves in the AI sector. The tech giant's AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Major agricultural firm sues California over farmworker unionization law

SAN DIEGO (AP) — One of California's most influential agricultural companies filed a lawsuit Monday against the state to stop a contentious law to help farmworkers unionize that Democratic Gov. Gavin Newsom reluctantly signed two years ago after pressure from the White House.

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Why Hims & Hers Health Stock Is Rising Today

After the market close on Monday, Hims & Hers Health reported strong first-quarter results that included revenue of $278.2 million, representing a 46% increase from $190.8 million in the first quarter of 2023. The number beat analyst estimates of $270.382 million.

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever

RIO DE JANEIRO (AP) — Madonna will give a free concrete on Copacabana beach Saturday night, turning its vast stretch of sand into an enormous dance floor. It comes after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.”

Japanese automaker Honda reports booming profit on sales growth, weak yen

TOKYO (AP) — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

What's Going On With Chinese EV Maker XPeng Stock Today?

XPeng shares are up in premarket trading as the company reportedly plans to use BYD batteries for its new Mona sub-brand, aiming for a June debut of its first A-class compact electric sedan priced between RMB 100,000 and RMB 150,000.

What to stream this week: Billie Eilish and Zayn Malik albums, 'Bridgerton,' and 'American Fiction'

Billie Eilish’s third studio album, “Hit Me Hard and Soft” and the return of “Bridgerton” are some of the new television, movies, music and games near you.

Senate Opens Door for Uranium Boom, Outlawing Russian Supply - Ad

Just days ago, Uncle Sam made the bold move to ban the importation of Russian Uranium. This could create a massive supply vacuum considering the US is the number one buyer of enriched Russian uranium.

One Tech Tip: How to spot AI-generated deepfake images

LONDON (AP) — AI fakery is quickly becoming one of the biggest problems confronting us online. Deceptive pictures, videos and audio are proliferating as a result of the rise and .

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Stock Alert from the Man Who Bought Amazon in 1999 - Ad

He predicted the rise of the Internet... the financial crisis of 2008... and many of the most famous stocks of the last 25 years -- including Amazon, Apple, and Netflix, before they were household names. (So many of his predictions came true, CNBC nicknamed him "The Prophet."). Now, this Wall Street millionaire is telling folks, "Here's exactly where I'd be putting my money in 2024."

Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency

TerrAscend Corp. (OTC: TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency.

Forget Gold. Ditch AI Stocks. Get In on This Instead - Ad

If you're nowhere near the place you want to be with your retirement savings right now and worried about what the future has in store... you owe it to yourself to give me just 10 minutes of your time today... Do that and you'll discover the jaw-dropping details we've uncovered about the next generation of investing.

US aims to stay ahead of China in using AI to fly fighter jets, navigate without GPS and more

WASHINGTON (AP) — Two Air Force fighter jets recently squared off in a dogfight in California. One was flown by a pilot.

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media who stepped in when the league's app couldn't broadcast the game.

The Biggest Year in Crypto Is Here... Right Now - Ad

The LAST bull run in crypto handed out 4 and 5-figure returns... This time the odds are stacked even better in our favor. 19 Wall Street banks are pouring millions into crypto right now... Blackrock Financial has gone ALL IN and is already breaking records with their investment. $100 trillion in Wall Street money is just waiting to be deployed. The only thing missing... is you.

Generics Player Teva Pharmaceutical Aces Late-Stage Schizophrenia Drug Study, Stock Shoots Higher

Results from the Phase 3 SOLARIS trial of TEV-‘749 for schizophrenia treatment. SteadyTeq technology ensures controlled olanzapine release. Clinically meaningful improvements in PANSS scores observed across dosing groups.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service