Latest news with #U.S-based
Business Mayor
22-05-2025
- Business
- Business Mayor
PEPE flashes bullish signs despite $15M Robinhood sell-off — Why?
Robinhood sold a notable amount of PEPE, fueling downward pressure on the asset Despite the selling volume, however, PEPE held its levels on the chart PEPE's price has continued to climb on the charts, despite its whales offloading a significant amount of the asset across the market. In fact, contrary to perceptions, AMBCrypto's analysis revealed that the asset's 8% rally over the last 24 hours could signal the beginning of a more significant move. How will the market respond though? And, what are the odds? Whale offload without buyback A wallet linked to the U.S-based cryptocurrency exchange Robinhood saw notable liquidity outflows over the last 24 hours. This entity sold approximately $15 million worth of PEPE into the market. Typically, when large entities sell off, they follow it with some level of buyback within the same period. However, that hasn't been the case here. Source: Arkham Despite the sell-off, however, Robinhood remains the second-largest holder of PEPE, controlling 3.67% of the supply – Worth $209.9 million. Interestingly, even after this sell-off, PEPE has held on to its price, with market analysis suggesting the token could continue to climb in the coming days. PEPE's outlook remains bullish AMBCrypto's short and long-term outlook on the memecoin revealed that the asset remains bullish on both timeframes. Short-term analysis using the 4-hour chart revealed that PEPE has been trading within a symmetrical triangle pattern, marked by converging support and resistance levels. Source: TradingView This bullish formation could push PEPE up by 12.24%, potentially reaching $0.00001541. A broader outlook using the 1-day chart showed PEPE trading within a cup-and-handle pattern. Like the symmetrical triangle, this pattern is also a bullish precursor. However, in this case, the price must breach the black resistance line at $0.00001483. Source: TradingView If it does, PEPE could rally by 91% to $0.00002836 – A level last seen in December 2024. The key question now is whether the asset can gather enough momentum to break through that resistance. Is market momentum building? Well, at the time of writing, the momentum appeared to be growing across both the spot and derivatives markets. In the spot market, buying interest has been gradually building up again, with $335,000 worth of PEPE purchased so far. Source: Coinglass In the derivatives market, the OI-weighted funding rate stood at 0.0127%, confirming the presence of bullish sentiment.
Epoch Times
21-05-2025
- Business
- Epoch Times
SBA Launches Portal to Connect Businesses With 1 Million American Suppliers
The Small Business Administration (SBA) has unveiled a free online tool aimed at helping small businesses identify and connect with more than a million American manufacturers and suppliers, the agency said in a May 20 The searchable Make Onshoring Great Again portal is set to 'empower job creators to source domestic suppliers to support their operations—which will in turn support American jobs, reconnect our supply chain with U.S-based production, and end our nation's concentrated dependence on foreign suppliers and adversaries like the Chinese Communist Party,' said the SBA.
Yahoo
20-05-2025
- Business
- Yahoo
SBA Launches Onshoring Portal to Advance America's Economic Comeback
New Tool Connects Small Businesses to Network of more than 1 Million Domestic Suppliers WASHINGTON, May 20, 2025 (GLOBE NEWSWIRE) -- Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), announced the launch of the Make Onshoring Great Again Portal, a free tool designed to help small businesses identify U.S. manufacturers and producers. With a database of more than 1 million American suppliers, the searchable portal will empower job creators to source domestic suppliers to support their operations – which will in turn support American jobs, reconnect our supply chain with U.S-based production, and end our nation's concentrated dependence on foreign suppliers and adversaries like the Chinese Communist Party. 'The SBA is proud to support President Donald J. Trump's mission to restore America's economic resurgence by empowering small businesses with the resources to supercharge the return of Made in America,' said SBA Administrator Kelly Loeffler. 'The Make Onshoring Great Again Portal will give job creators a direct line to more than one million domestic suppliers – replacing foreign dependence with access to American-made solutions. It's a decisive step toward rebuilding our nation's strength through stronger supply chains, better products, and a renewed commitment to American industry, small business, and workers.' The SBA is working with several private-sector cosponsors to provide public access to three free databases representing more than 1 million U.S. based manufacturers, producers, and suppliers. Not only will the portal enable small businesses to support American industry and workers – it will also benefit job creators by helping them source domestic supply chains that will deliver shortened lead times, improved quality control, and reduced exposure to overseas disruptions. The Made in America Onshoring Portal builds on the SBA's ongoing commitment to revitalizing American industry. Earlier this year, the agency launched the Made in America Manufacturing Initiative, which is aimed at expanding access to capital for U.S. manufacturers, promoting a skilled workforce, and cutting $100 billion in red tape. The agency has also endorsed recent bipartisan, bicameral legislation to double the SBA loan cap for small manufacturers in the effort to supercharge the return of American manufacturing dominance. For more information, please visit the Make Onshoring Great Again Portal at: # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit CONTACT: SBA HQ Press Team U.S. Small Business Administration press_office@ in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
AMD strikes a deal to sell ZT Systems' server-manufacturing business for $3B
Semiconductor giant AMD followed through with its plan to spin out ZT Systems' server-manufacturing business. AMD announced on Monday that it was selling ZT Systems' server-manufacturing business to electronic manufacturing services company Sanmina. The $3 billion deal is a mix of cash and stock: $2.25 billion in cash; a $300 million premium, including 50% cash and 50% equity; and a $450 million contingent payment based on financial performance over the next three years, according to Reuters. The deal is expected to close by the end of 2025, subject to regulatory approval. After this divestiture, AMD will maintain control of ZT Systems' rack-scale AI solutions design business. This announcement isn't a shock. When AMD announced its intent to acquire ZT Systems, an AI and cloud infrastructure company, for $4.9 billion in August 2024, the company said at the time that it planned to divest that part of ZT Systems' business after the deal formally closed. AMD's acquisition of ZT Systems officially closed in March 2025, according to Reuters. Alongside this announcement, AMD said that Sanmina will become a "preferred" new product introduction manufacturing partner for AMD cloud rack and cluster-scale AI solutions. 'By combining the deep experience of our AI systems design team with our new preferred NPI partnership with Sanmina, we expect to strengthen our U.S-based manufacturing capabilities for rack and cluster-scale AI systems and accelerate quality and time-to-market for our cloud customers,' said Forrest Norrod, executive vice president and general manager, data center solutions business unit at AMD, in the company's announcement. TechCrunch reached out to AMD for comment. This article originally appeared on TechCrunch at
Yahoo
19-05-2025
- Business
- Yahoo
Advanced Micro Devices to Sell ZT Systems' Data Center to Sanmina for $3 Billion
Advanced Micro Devices, Inc. (NASDAQ:AMD) announced on Monday that it entered into a definitive agreement with Sanmina (NASDAQ:SANM) to sell its ZT Systems' U.S.-headquartered data center infrastructure manufacturing business for $3 billion, with a contingent upfront cash payment of $450 million. A close up of a complex looking PCB board with several intergrated semiconductor parts. With this deal, Sanmina (NASDAQ:SANM) becomes the preferred product introduction (NPI) manufacturing partner for AMD cloud rack and cluster-scale AI solutions. AMD will retain ZT Systems' world-class design and customer enablement teams to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers. Forrest Norrod, the Executive Vice President and General Manager of the Data Center Solutions business unit at Advanced Micro Devices, Inc. (NASDAQ:AMD), commented on the recent agreement: 'By combining the deep experience of our AI systems design team with our new preferred NPI partnership with Sanmina, we expect to strengthen our U.S-based manufacturing capabilities for rack and cluster-scale AI systems and accelerate quality and time-to-market for our cloud customers'. The deal was initially announced in August 2024, and the transaction is expected to close by the end of 2025. While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
