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  Bloomberg

  Bitcoin ETF Trades Top $4.6 Billion in ‘Ground-Breaking’ Day

  (Bloomberg) -- The first US ETFs that directly hold Bitcoin got off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles. Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUK’s Sunak Authorizes Joint Military Strikes With US Against HouthisSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsUS and Allies Launch Airstri

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  Barrons.com

  Hertz’s Retreat from EVs Looks Bearish for Tesla. How Avis Avoided the Mess.

  In a securities filing early Thursday, Hertz said it would be selling about 20,000 vehicles, partly unwinding a push it began in late 2021. Hertz didn’t specify which type of EVs would be sold but most of them likely are Teslas since Teslas accounted for about 80% of its EV fleet. While Hertz made a big push into EVs with about 11% of its fleet of nearly 600,000 vehicles being electric, Avis moved more cautiously.

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  Barrons.com

  Plug Power and SunPower Stocks Fall as a Bull Gives Up for Now

  Plug Power and SunPower shares slid Thursday after a bull moved to the sidelines on the stocks, citing near-term uncertainty. Plug stock was down 7.6% to $3.73 in Thursday trading. Susquehanna analyst Biju Perincheril downgraded Plug stock to Neutral from Positive and slashed his price target to $4.50 from $9.

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  Benzinga

  Coinbase to Benefit from SEC's Bitcoin ETF Approvals - Analyst Expects Favorable Q4

  Wedbush analyst Moshe Katri maintained Coinbase Global Inc (NASDAQ: COIN) with an Outperform and raised the price target from $110 to $180. COIN's future results are bound to benefit from The SEC's Bitcoin ETF approvals, given the company's dominant role in these ETFs, ETFs facilitation and unlocking of incremental institutional investing in crypto assets (now under 10%), and recent legal/financial woes impacting COIN's peers (re. Binance), the analyst noted. Katri also expects P&L tailwinds fro

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  Bloomberg

  Lucid’s Quarterly EV Deliveries Beat Estimates to Cap Volatile Year

  (Bloomberg) -- Lucid Group Inc.’s vehicle deliveries came in slightly ahead of analyst estimates in the fourth quarter, capping a rocky year for the maker of high-end electric cars.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Voice Assistant TeamsSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughThese Are the World’s Most Powerful Passports in 2024Amazon’s Twitch to Cut 500 Employees, About 35% of StaffWhite House Throws Support Behind Seizing Frozen Russian AssetsLucid s

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  Benzinga

  Jeff Bezos Made Over $7.9 Million An Hour Every Hour In 2023 — In Under 13 Minutes, He Brought In The Equivalent Of What The Typical Person Earns In A Lifetime

  Amazon.com Inc. Founder Jeff Bezos, a key figure in modern business, saw a massive increase in his net worth from $107 billion in early 2023 to $177 billion a year later, marking a $70 billion gain, according to Fortune. This equates to an increase of $191,780,822 per day or about $7,990,868 per hour. To put this into perspective, Bezos earns the equivalent of the median lifetime earnings of a typical U.S. worker — $1.7 million in 2023 — in approximately 0.21 hours or about 12.76 minutes. In oth