MicroStrategy plans major stock sale to fuel Bitcoin buying spree
Strategy (formerly MicroStrategy) plans to issue $500M in Series A Perpetual Preferred Stock to fund more Bitcoin purchases.
Strategy (formerly MicroStrategy) plans to issue $500M in Series A Perpetual Preferred Stock to fund more Bitcoin purchases.
Accenture is scheduled to report earnings for the second quarter of fiscal 2025 on Thursday morning, with analysts expecting the consulting and professional services stock to reverse its recent losses.
(Bloomberg) -- One of the simplest hedge-fund strategies is misfiring this year as once-reliable trends, like betting on Big Tech and the outperformance of the US economy, crater en masse. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsMomentum investi
Elon Musk-led Tesla and SpaceX, as well as tech giants Oracle and Hewlett Packard Enterprise, have all moved to the Lone Star State, attracted by a favorable tax climate, lower costs of living and reduced energy costs. For Nasdaq, the move could also help it better compete with the New York Stock Exchange — which last month committed to launching an exchange in the state — and the Texas Stock Exchange, a venture backed by BlackRock and Citadel Securities, which is gearing up for a launch early next year.
(Bloomberg) -- At the market open in Jakarta, it looked bad — but the kind of losses that wouldn’t raise traders’ eyebrows given the volatile nature of Indonesian stocks.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsThen it got worse. Selling intensif
Meanwhile, global stocks pushed higher on European stimulus bets. Today, I'll take a look at the Bank of England, one of the big central banks meeting this week. While the BoE is expected to hold tight at the upcoming meeting, I'll discuss why it could be set to surprise investors.
(Bloomberg) -- Investors have slashed holdings of US equities by the most on record, according to Bank of America Corp.’s latest survey, underscoring the massive rotation that’s underway in global markets.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal Funds
The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.
Your day-ahead look for March 18, 2025