Newsmax IPO and Stock Performance: A Wild Ride in the Spotlight

On March 31, 2025, Newsmax Inc., the scrappy conservative media outfit, finally hit the big leagues, launching its initial public offering (IPO) on the New York Stock Exchange under the ticker "NMAX." For a company that started as a digital news site back in 1998 and clawed its way to being the fourth biggest cable news channel in the U.S., this was a huge moment. And boy, did it deliver a show—its stock took off like a rocket, grabbing headlines and turning heads everywhere.

The IPO: Setting the Stage

Newsmax went public using something called Regulation A+, which let them offer up 7.5 million shares of their Class B stock at $10 a pop, aiming to rake in $75 million. This came right after they’d already pocketed $225 million in February from selling preferred shares to big-shot investors. Add it all up, and they’ve got $300 million to play with—money they say they’ll use to beef up their shows and make their digital game even stronger.

The IPO was run by Digital Offering LLC, a crew that specializes in these crowd-funded deals, and people couldn’t get enough of it. Before the bell even rang, Newsmax said $64 million worth of shares were spoken for—mostly by everyday folks who love the channel. CEO Christopher Ruddy couldn’t stop grinning, calling it a “historic milestone” and talking up how they’re all about giving America “fair and honest news.” You can dig into the nitty-gritty of the offering over at the SEC’s website, where all the official filings live.

A Debut That Blew Minds

When trading kicked off on March 31, Newsmax shares didn’t just dip their toes in—they dove headfirst, opening at $14, already above that $10 starting price. But that was just the warm-up. By the end of the day, the stock had shot up 735% to $83.51, hitting highs of $82.25 during the chaos. Trading even had to pause a dozen times because the price was jumping so fast it tripped the system’s safety switches. Then, on April 1, it got crazier—briefly rocketing past $193, a jaw-dropping 1,900% gain, before chilling out around $100 by late morning.

At one point, that put Newsmax’s value at over $10 billion. To put that in perspective, their revenue was $80 million for the first half of 2024 and $135 million for all of 2023. Suddenly, they were worth more than Trump’s Truth Social outfit and about a third of what Fox News’ parent company is valued at. Want to see the play-by-play? Check out the stock’s wild ride on the NYSE’s site. Nuts, right?

What Lit the Fuse?

So, what’s behind this wild ride? For one, Newsmax tapped into a fired-up crowd of regular investors—especially their die-hard conservative fans. Social media was buzzing, with folks on Stocktwits and Reddit hyping NMAX like it was the next GameStop. On Fidelity, buyers were outnumbering sellers two to one, showing just how much people wanted in. If you’re curious about how these retail investor waves work, FastSwings.com has some great breakdowns on market trends like this.

Timing helped, too. With Trump winning the election in November 2024, conservative media’s been riding a wave—Newsmax included, especially with Trump popping up on their airwaves. It’s like the stars aligned for them to cash in on that energy. Plus, starting at $10 a share felt like a steal to a lot of people, even if the company’s got some financial baggage—like a $55 million loss in early 2024 and more debts than cash on hand. That didn’t stop the hype train.

Is This Too Good to Last?

Not everyone’s popping champagne, though. Some smart folks are scratching their heads, wondering if this can keep up. Newsmax is in a tough spot—cable TV’s not what it used to be with streaming taking over, and they’re still bleeding money. They also had to settle a defamation lawsuit with Smartmatic last year over some 2020 election claims, which didn’t help their balance sheet.

When your stock’s worth 100 times your sales, people start whispering “bubble.” History backs that up—stocks that explode like this on day one tend to crash hard later. Over the last five years, big debut winners have dropped 85% from their IPO price on average, sometimes even 99% from their peak. It’s a rollercoaster, and Newsmax might still have a steep drop ahead.

What’s Next?

As of today, April 1, 2025, the stock’s still flying high, holding onto big gains on day two and keeping everyone talking. Christopher Ruddy, who’s got 81.4% of the voting power, saw his stake balloon to over $6 billion—hello, billionaire club!

For the rest of us watching, Newsmax is a gamble with a big payoff if it works out. They’ve got a loyal crowd, but they’ll need to keep them hooked, figure out the streaming world, and actually make some money to keep this party going. Right now, it’s a thrilling ride powered by fans and hype—but whether it’s built to last or just a flash in the pan, only time will tell. Either way, it’s one heck of a story.

NOW TRADING: NEWSMAX celebrates its IPO on the NYSE

Tesla’s Battery Breakthrough: Cheaper EVs Might Finally Be Here

Imagine a world where electric vehicles (EVs) don’t just feel like the future—they’re affordable enough to be your next car. Tesla’s been chasing that dream for years, and with their latest battery tricks, they might just pull it off. I’m talking about the 4680 battery cell and a slick new "dry electrode" process that could slash costs and make EVs less of a splurge. Here’s the story of how Tesla’s getting there—and what it could mean for the rest of us.

Bigger Batteries, Smarter Making

Back in 2020, at their Battery Day event, Tesla rolled out the 4680 cell—a beefier, more efficient battery that’s been the talk of the EV world ever since. It’s got this cool "tabless" design that packs more punch and power, all while being easier to build. But the real magic? They’re ditching the messy, old-school way of making batteries. Normally, factories slap on liquid solvents and then bake them dry in giant ovens—think of it like cooking a really expensive, wasteful cake. Tesla’s saying, “Nah, we’re going dry.” They’ve figured out how to coat the battery’s cathode with a powder instead, skipping the sloppy stuff. Less energy, less hassle, and—here’s the kicker—way less money.

They’ve been tinkering with this for years, and word on the street (and X) is they’re finally cracking it. Back at Battery Day, they threw out a wild number: this could cut costs per kilowatt-hour by up to 56%. That’s the kind of math that makes you sit up and listen.

Cybertruck: The Big Test

Now, in early 2025, Tesla’s putting this tech to work in the Cybertruck—that chunky, futuristic beast of a truck. People are buzzing that these could be some of the cheapest batteries Tesla’s ever made. If they nail it, we’re talking costs dipping below $100 per kilowatt-hour. Why’s that a big deal? Because that’s the sweet spot where EVs stop being a luxury and start competing with the gas guzzlers most of us drive. I mean, who wouldn’t want a Cybertruck that doesn’t break the bank?

A Tesla 4680 battery cell, part of the innovation driving cost reductions. (Source: Electrek)

Tesla’s DIY Approach

Here’s where it gets even more human: Tesla’s not just waiting for someone else to hand them cheap materials. They’re out there buying lithium mines, setting up their own refineries, and basically becoming the DIY kings of batteries. It’s like they’re growing their own veggies instead of hitting the store. By controlling the whole process—raw stuff to finished battery—they’re keeping costs down and cutting out the middleman. Smart, right?

Bumps in the Road

It hasn’t been all smooth sailing, though. Scaling up these 4680 cells and perfecting the dry process took longer than Elon probably hoped. There were hiccups—machines not cooperating, production lines stalling. You can almost picture the engineers scratching their heads, coffee in hand, trying to figure it out. But lately, it feels like they’ve turned a corner. Posts on X and whispers from the Gigafactories say Tesla’s ramping up, and 2025 might be when it all clicks.

What’s It Mean for Us?

If Tesla pulls this off, it’s not just about cheaper Cybertrucks. It’s about cheaper Model Ys, maybe even that $25,000 EV they’ve been teasing forever. And it’s not just Tesla winning—other carmakers might have to step up or get left behind. Plus, this dry process is kinder to the planet, using less energy and tossing out less waste. It’s the kind of thing that makes you feel good about the future, not just your wallet.

So, yeah, Tesla’s got a shot at making batteries that could change the game. They’ve been at it for years, and now, with the Cybertruck rolling out, it feels real. If they keep this up, 2025 could be the year EVs stop being “someday” and start being “today”—and I’m here for it.

The Heartbeat of Berkshire: A Tale of Triumph and Transition

It was a chilly February morning in Omaha, Nebraska, when the financial world paused to listen. On February 22, 2025, Berkshire Hathaway—Warren Buffett’s sprawling empire—unveiled its latest chapter: a fourth-quarter earnings report that felt like a rollercoaster ride of highs and hints of what’s to come. For the folks who’ve followed Buffett’s journey, from Wall Street traders to small-town investors sipping coffee over the news, it was a moment to savor—an 94-year-old legend still weaving his magic.

A Cash Pile and a Record-Breaking Quarter

Picture this: $14.53 billion in operating earnings for the last three months of 2024, a whopping 71% jump from the $8.48 billion a year earlier. For the full year, that number hit $47.44 billion, up 27% from 2023’s $37.35 billion. To Warren Buffett, these aren’t just numbers—they’re the heartbeat of a company he’s nurtured for decades. “We did better than I expected,” he wrote in his annual letter, a folksy grin almost audible in his words. “Sure, more than half our businesses took a hit, but a big boost in investment income from Treasury Bills pulled us through.”

Then there’s the cash—$334.2 billion of it, stacked up like a fortress by year-end. It’s the kind of money that makes you wonder what Buffett’s plotting next. He’s been selling stocks for nine quarters straight, unloading $6.7 billion more than he bought in Q4 alone. Apple, once a crown jewel, saw its stake shrink to $70 billion from $175 billion a year ago. Bank of America got a trim too, while a new stake in Constellation Brands hinted at fresh bets. “He’s got cash to burn,” one X user posted, “but he’s waiting for the right moment.”

The Insurance Turnaround That Stole the Show

Down at GEICO, the car insurance arm, it’s been a Cinderella story. Profits from underwriting leaped 66% to $9 billion for the year, with Q4 alone soaring 302% to $3.409 billion. Buffett couldn’t stop singing the praises of Todd Combs, the guy who’s been steering the ship. “Todd’s turned GEICO around in five years,” he wrote. “It’s leaner, smarter, and back to its best.” But nature threw a curveball—wildfires in Southern California are set to cost $1.3 billion, a stark reminder that even giants face unpredictable blows.

The Stock Soars, and Omaha Cheers

Come Monday, February 24, the stock market threw a party. Berkshire’s Class A shares (BRK.A) jumped over 4%, crossing $500 for the first time ever, while the Class B shares (BRK.B) danced upward too. “Shares hit a record high over $500!” one excited trader tweeted. “Q4 earnings up 70%—Buffett still has it.” For 2024, the stock outran the S&P 500, climbing more than 25%. In Omaha, you could almost hear the locals toasting to their hometown hero.

A Letter with a Farewell Whisper

But Buffett’s letter struck a deeper chord. At 94, he’s thinking about the future. “Greg Abel will take over soon,” he wrote, passing the torch to a man he trusts to carry the Berkshire spirit—honest, straightforward, and fierce about doing right by shareholders. It wasn’t a goodbye, not yet, but a gentle nod that the end of an era is near. “I felt that,” one X user posted. “Buffett’s prepping us for life after him.”

The Numbers Behind the Magic

Dig into the details, and it’s a mixed bag of brilliance and reality. Revenue for the year hit $369.89 billion, up nearly 6%, though Q4’s $93 billion slipped slightly from the quarter before. Investment gains in Q4 dropped to $5.167 billion from $29.093 billion a year ago—volatility Buffett shrugged off as “accounting noise.” Net income for the year fell 7.5% to $89 billion, but the focus stayed on those operating earnings, the truest measure of Berkshire’s pulse.

Buffett’s been quiet on buybacks lately, pausing them in Q3 and Q4, letting that cash pile grow. The insurance float—money they invest before paying claims—sat steady at $174 billion, earning more as yields rose. Mistakes? Sure, there were some—like selling Paramount Global at a loss—but they’re just footnotes in a story of steady wins.

A Legacy Still in the Making

As the sun set over Omaha, you could imagine Buffett leaning back in his chair, maybe sipping a Cherry Coke, reflecting on it all. Berkshire Hathaway isn’t just a company—it’s a living testament to a man who sees value where others don’t, who builds for the long haul. The earnings report lit up screens and sparked debates, but it was more than that. It was a chapter in a tale of grit, smarts, and a touch of heart—one that’s still being written, even as the next generation warms up in the wings.

Upcoming Dogecoin ETF could be a near-term catalyst for cryptocurrency prices

 The fast world of cryptocurrency has sparked excitement and speculation among investors regarding a possible Dogecoin Exchange-Traded Fund. A Dogecoin ETF filing by Bitwise Asset Management could be the key moment in the mainstream adoption of what once was considered just a meme cryptocurrency. This article explores what a Dogecoin ETF might mean for the greater cryptocurrency market.

 

What is a Dogecoin ETF?

A Dogecoin ETF is an investment instrument designed to track the price of Dogecoin and extend exposure of this cryptocurrency to investors without actually holding or managing any digital asset. These would then be listed on any traditional stock exchange for the purpose of bringing in volatility and potential that Dogecoin possesses into conventional investment portfolios.

The Ripple Effect of Dogecoin's Price

Some of the potential implications of a Dogecoin ETF would be:

More Legitimacy, Greater Demand: The listing of the ETF would institutionalize Dogecoin and probably lure investors leery of crypto volatility. Such might hike demand for Dogecoin upward, raising its price. Analysts speculated that, in case an ETF is capturing even a part of what happened to the inflows from Bitcoin ETFs, the price growth of the token would jump with values to $1 or even more.
Price Volatility: While an ETF would stabilize Dogecoin in the long term, in its initial phases, it may add fresh layers of volatility. Anticipation and eventual approval of such a financial product could see short-term gains or losses as the market tries to settle on a new norm for this now-existing reality.
Market Sentiment: A DOGE ETF is sure to have a considerable impact on sentiment toward the meme coins. Considering that Dogecoin has one of the biggest market capitalization among joke cryptocurrencies and is a cultural phenomenon in its own right, this could spill over into other meme coins, inflating them.

Impact on the Wider Cryptocurrency Market

Institutional Investment: It could finally clear the way for an inflow of more institutional money into the crypto market. If a crypto as jokingly origin'd as Dogecoin is able to find an ETF, then others will also do the same. That would mean giving legitimacy to an already somewhat fuddy-duddy asset class.
Market Diversification: This could mean that investors diversify into other cryptocurrencies aside from Bitcoin and Ethereum. The implication, therefore, of such a phenomenon would be a balanced market in which gains on any one cryptocurrency need not influence the direction of the entire market.
Regulatory Scrutiny: While this would be a step toward regulatory acceptance for Dogecoin, that could come with negative effects due to much stricter regulatory oversight into cryptocurrencies. That might put additional controls in place, which could impact the way other cryptocurrencies function or are perceived by investors.
Increased Liquidity: Usually, ETFs enhance the liquidity of the underlying assets they track. In the case of Dogecoin, this may imply more frequent volumes of trading and easier ways to enter into the market. This would attract more traders who, over time, would stabilize the price movements.

Challenges and Considerations

Regulatory Hurdles: The path to the ETF approval of cryptocurrencies, let alone one as joke-like as Dogecoin, is still fraught with regulatory hurdles. The cautious approach taken by the SEC toward crypto products suggests that any eventual approval may be qualified or delayed.
Market Sentiment and Speculation: DOGE has traditionally been a social media-driven cryptocurrency, complete with celebrity endorsements; any ETF would thus also be at the mercy of market sentiment. A negative tweet or a shift in public perception could unwind gains in a hurry.
Long-term Sustainability: The unlimited supply of Dogecoin is in contrast to other cryptocurrencies, such as Bitcoin, that have their total number of coins capped. This might impact the sustainability of the long-term price of the cryptocurrency, unless significantly enhanced use cases or technological improvements take place.

Conclusion

In essence, a Dogecoin ETF would be an unparalleled opportunity that would give it its place inside traditional investing instruments and perhaps remake its role inside the broad cryptocurrency ecosystem. For the entire market, it means one more step toward normalization for digital assets in traditional finance. This is a highly volatile market with potential, but risky given inherent market volatility and regulatory uncertainties. Investors should feel both optimistic and cautious with such development, but while the immediate effect may be bullish, the long-term impact will depend on general market dynamics, regulatory changes, and whether Dogecoin stays relevant and useful.

Biden Administration's New Chip Export Rules Cause Market Downswing

The Biden administration announced a series of new export controls on January 13, 2025, in a bid to contain the spread of high-end AI chips to countries such as China. That has sent ripples across the semiconductor industry. The new rules have marked chip stocks sharply lower, with a host of major players downbeat across the technology sector.

New Controls on Export of Chips for AI 

One does precisely identifies the new export controls on AI Chips - especially poignant considering the chips involved in the very building and utilization of AI technologies. This will also be part of a broader push to delay adversaries' technological edge while protecting the National Security of the US. These rules introduce a system of tiering to classify countries, in accordance with their relationship with the U.S.-the closest allies such as Germany, Japan, and South Korea being handled with less stringency-while for countries like China and Russia, among others which have faced an arms embargo, an outright ban or very strong curbs will be applied.

Market Reaction

This announcement had an immediate reaction within the market. Stocks in companies like Nvidia, one of the key suppliers of chips that power AI applications, fell as investors tried to make a calculation about what the restrictions could entail. Uncertainty over future sales in one of the world's largest semiconductor markets, China weighed on a wider sell-off in technology stocks. Nvidia shares were off by over 3%, while AMD and other semiconductor shares also lost ground; the PHLX Semiconductor Index was lower by over 2.4%.

Industry Voices

The understanding of national security concerns by the semiconductor industry led to fears that such controls might eventually hurt US tech leadership. Nvidia, on its part, has been quite vocal with regard to the impact of these restrictions and highlighted that the technology in question is already quite ubiquitous in gaming PCs and consumer hardware, essentially arguing that the rules might be an overreach. Financial, competitive, and supply-chain implication-these have deeper strategic effects within the global market.

Strategic Implications

The Biden administration's tighter export controls reflect continuity in policy toward the reduction of reliance on foreign manufacturing, especially from China, when it comes to key technologies. Still, this move has raised several questions about its long-term effects on the global semiconductor supply chain. Critics, however, say that while this may be the goal, in reality, it will have the opposite effect: it will encourage foreign competitors by leaving a gap in the market which others might fill. Supporters maintain that this is about ensuring technological superiority for the U.S. and protecting it against potential security threats.

Future Outlook

These, therefore, are the rules now set to reshape the landscape of AI chip exports, and the industry is bracing for a period of adjustment. Companies likely would review their supply chains and invest more in domestic production or in countries with less strict export controls. Meanwhile, investors will pay close attention to how these companies adapt, as the immediate market reaction suggests a period of volatility might be ahead for chip stocks.

The move marks the latest by the Biden administration in its effort to balance two precarious goals: national security and keeping U.S. technology competitive in foreign markets. The full impact will be evident only after some time, but for the present, uneasiness reflecting a possible cause of future growth and profitability in this segment is well reflected at the market places.

Nvidia slams new reported AI chip export limits

Big Lots Closes Doors: Where It Leaves Central Ohio

One of the biggest blows to the retail landscape in recent years came when Big Lots announced the shutdown of all its stores, including those in Central Ohio. The company had struggled for years to stay financially viable, filing Chapter 11 bankruptcy and failing to find a buyer. Here's a closer look at why Big Lots is closing and what this means for Central Ohio.

Why Big Lots is Closing

Several economic and operational challenges formed the path to Big Lots' closure, including:

Losses on Finances: The company has continued to show a slide in sales, while the net loss in the first quarter of 2024 stood at $205 million. It mentioned the high levels of inflation and interest rates as a factor in overall macroeconomic pressures that are really hammering consumer spending, particularly on discretionary categories like furniture and seasonal products.

Bankruptcy and Sale Failure: Big Lots filed for Chapter 11 bankruptcy protection in September 2024 and had planned an asset sale to Nexus Capital Management LP. The sale did not materialize, and full store liquidation was announced instead.

Store Performance: While many of Big Lots stores were profitable, the company said an aggressive method was warranted to shed underperforming locations. This move was aimed at streamlining their operational footprint, but finally, the scale of such closures had become uncontainable.

Impact on Central Ohio

Big Lots' closure will affect Central Ohio in various ways:

Job Losses: The town where Big Lots has its headquarters is Columbus, Ohio, and with the significant number of employees in every store, the store closure case hits hard on local jobs. In this regard, their distribution center shutdown in Columbus cut 379 people from the payroll effective October 31, 2024.

Economic Ripples: Big Lots' absence will leave a void in Central Ohio retail. Big Lots was one of the discount retailers to reach the desired demographic purchasing affordable home goods and furniture. This may force customers to either spend more money with other retailers or decrease spending, affecting local economic dynamics.

Community Impact: Big Lots was more than just a store; it had become part of the landscape throughout Central Ohio. The store closings remove a landmark for shoppers and could have repercussions on the way locals do their shopping, community gatherings when a sale would occur, and certain products available at deep discount.

Real Estate Market: These stores that have to close leave several commercial outlets empty. This might redefine retail real estate in Columbus or, rather, an opportunity for other businesses to move in. However, such transformations might not be immediately expected given the current economic climate.

Conclusion

The Big Lots Store closure epitomizes the end of an era with this company and ushers in new, dramatic changes for Central Ohio. While this move does fit into the larger narrative of retail evolution and economic hardships, near-term consequences do include loss of jobs and a different way commerce is done on the local level. Locals will have to get accustomed to finding new job opportunities and other places to go for shopping. The deeper repercussions it will have on the retail sector in Central Ohio will remain to be observed over the coming months.

Bankruptcy lawyer says to expect more closures similar to Big Lots in 2025

Shopify's Third Quarter Earnings are a Turning Point for the Investors

Wow, Shopify is really on a roll! Just the other day, this giant e- commerce website issued its Q3 2024 financial results, and I have to say, ‘These are the numbers that sound good to the analysts and investors.’ It seems like with revenues in the range of billions and Stan's greedy instincts seeing the company's share price reach record levels, Shopify is not slowing down the chart climb anytime soon. 

 

Revenue Expansion and Profit Enhancement

Thus, in the third quarter, their revenue was up 26 percent from a year ago levels of $2.16 billion. That's a victory; it's a clear indication that they're doing things effectively, particularly when you consider that it's the sixth consecutive quarter of at least 25% product income. In retail that's a very good achievement. Even a small increase is regarded as a significant accomplishment. 

So now Shopify for adjusted EPS of $ 0.64, significantly outdoing the consensus expectation of $ 0.27 for 2017 Jeffries. That's more than what people expected for this year’s quarter. This makes it abundantly clear how effective Shopify is in transforming revenue into dollars. Further, they also reported free cash of 421 million dollars which means they are healthy financially.

What's Driving Shopify's Success?

What fuels this great performance? Several key drivers come into play here:

1. Enterprise Growth: Shopify is no longer just for the little guys. Major brands such as Reebok and Vera Bradley are jumping onto the Shopify bandwagon to handle e-commerce operations. In fact, they added 16 major enterprise clients in Q3 alone; this goes to show just how much larger companies are trusting Shopify when it comes to handling their online operations.

2. Increasing Global Demand: A constantly swelling tide of online shoppers creates huge demand for the tools that Shopify offers toward the betterment of businesses. Whether it be a small-sized startup or a well-known brand, Shopify steps forward to help merchants sell smoothly on multiple channels.

3. Holiday Rush Prep: Shopify gets ready for what most of us perceive as the busy holiday season. Management does sound relatively optimistic about the capability of its platform in helping merchants make it through the season as well as possible. Q4 revenue growth is expected to fall in the mid-to-high 20% range-a good omen, considering that Black Friday and Cyber Monday are just around the corner.

Investors Go into a Cheer: Stock Reaches New Highs

But the Q3 results led to a spike of 20% in the stock market in one day, making all the investors very happy. That capped off an incredible month that saw its shares rise more than 40%, flirting with its 52-week high. Analysts have taken note and started upwardly revising their price targets; some even believe that the stock may hit as high as $135 a share, quite a steep increase from earlier projections.

Market watchers look keen on Shopify's future. Analysts cited the company's knack for consistently beating expectations-be it on revenue or profit, having a growing client base, and a solid foothold in the e-commerce space. Firms such as JPMorgan and Goldman Sachs have kept their "Buy" ratings for Shopify, reflecting strong confidence in Shopify's long-term prospects.

Shopify's Q3 results may look rosy, but this will only be proven in the fire as they head towards perhaps the most critical holiday shopping season. "If they can keep this momentum going and help merchants succeed during this high-stakes time, it really might solidify Shopify's position as a powerhouse in the e-commerce world for years to come.

For now, Shopify is showing that it is more than just an online store website builder. They are a vital partner for modern business, with every twist and turn of commerce. Investors, take note: Shopify's story has just begun.