April 20, 2024
Investors

GE Is Breaking Up. Here Are Numbers Investors Need To Know.

The split is due to take effect April 2. A starting point in solving the valuation problem is to look at how similar companies trade in the marketplace. Today, General Electric trades for about 14.5 times estimated 2024 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That is very similar to nonfinancial and manufacturing

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Crypto

MicroStrategy Bought $615 Million in Bitcoin. It Joins Coinbase in a Crypto-Stock Rally.

Coinbase Global and MicroStrategy were leading a raft of cryptocurrency-related stocks higher on Wednesday. The companies were among those being boosted by Bitcoin’s rally and MicroStrategy pouring more money into the asset. Coinbase shares were up 6.1% at $182.53. The cryptocurrency exchange is trading at its highest levels since early 2022 and has outpaced the

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