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NASDAQ

Colin Huang Suffers $5.7 Billion Wealth Plunge As PDD’s Growth Falters NASDAQ

Colin Huang Suffers $5.7 Billion Wealth Plunge As PDD’s Growth Falters

The icon for the Temu application, operated by PDD Holdings, whose shares fell 13.6% on the Nasdaq on Tuesday. Lam Yik/Bloomberg Colin Huang, founder of Chinese e-commerce behemoth PDD Holdings, saw his fortune shrink $5.7 billion overnight as shares of the Nasdaq-listed company plummeted Tuesday due to weak quarterly results…
bubmag
May 28, 2025
BioNexus Gene Lab Becomes First Nasdaq-Listed Firm to Prioritize Ethereum in Treasury Strategy NASDAQ

BioNexus Gene Lab Becomes First Nasdaq-Listed Firm to Prioritize Ethereum in Treasury Strategy

BioNexus Gene Lab (BGLC) has adopted an Ethereum-focused treasury strategy, thus becoming the first Nasdaq-listed company to prioritize ETH. The exact percentage for its Ethereum allocation has not been divulged by the company but the move follows the leading altcoin’s inclusion in the US “Crypto Strategic Reserve.” BGLC Embraces Ethereum…
bubmag
May 5, 2025
Bessent says correction “healthy” for markets that had been “euphoric” NASDAQ

Bessent says correction “healthy” for markets that had been “euphoric”

Treasury Secretary Scott Bessent on Sunday said the correction in the S&P 500 and Nasdaq was "healthy," and suggested that prior strong performance in stocks had been signs of a "euphoric" market.Why it matters: Treasury secretaries don't typically welcome major stock indices falling 10% in less than a month.But Bessent…
bubmag
March 16, 2025