MicroStrategy stock has rallied considerably on the back of Bitcoin’s meteoric rise. The resulting increase in market capitalization has set the stock on the path to a Nasdaq 100 inclusion. While the news may be positive for many, some are wondering if the company will be able to handle the success, especially if the Bitcoin price reverses. MicroStrategy is known for its large stockpile of Bitcoin, owning 2% of all Bitcoin in circulation. However, the company actually runs a business intelligence, mobile software, and cloud services business. Its data-driven analytics capability is instrumental for many organizations, though they don’t get…
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(Bloomberg) — The Federal Reserve jarred US markets Wednesday, pushing stocks lower and sending Treasury yields soaring, after forecasting fewer interest rate cuts next year. It was the worst loss for the S&P 500 on the day of a rate decision since 2001. Most Read from Bloomberg The S&P 500 fell below the 6,000 level, suffering its worst session since August. The tech-heavy Nasdaq 100 dropped 3.6%, the most in five months. Micron Technology Inc. fell postmarket after reporting earnings. Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen. The policy-sensitive two-year US Treasury yield surged…
By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Vietnam wants to expand its international defence cooperation to build trust and prevent wars, its prime minister said on Thursday, and the United States said it was hopeful its defence industry could play a key role. In remarks to open Vietnam’s second international arms fair, Prime Minister Pham Minh Chinh said the expo was “a message of peace, cooperation and development”. The arms fair, which will run until Sunday, is being held at Gia Lam Airport in Hanoi, with nearly 250 exhibitors from dozens of countries, including the United States, China, Russia,…
Two trendy areas in finance — fintech and private credit — are coming together in a new multibillion-dollar joint venture. Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years. Sixth Street is committing capital upfront for Affirm to underwrite short-term installment loans, between four- and six-month timeframes. Once paid back, the capital rolls back into the pot to make more loans, amounting to more than $20 billion that could be extended over the three years of the partnership. The…
The Federal Reserve doesn’t set mortgage rates outright. But its decisions in setting interest rates do play a role in the percentages lenders offer would-be homeowners. And even if the Fed keeps things unchanged, mortgage rates can still fluctuate. So, overall, how do the Fed’s monetary-policy moves affect mortgages — and influence the cost of borrowing to buy that dream home? Here’s how it all works. The U.S. Federal Reserve sets borrowing costs for shorter-term loans by changing its federal funds rate. This rate dictates how much banks pay each other in interest to borrow funds from their reserves, kept…
The carbon market is considered a vital tool for reducing greenhouse gas (GHG) emissions and driving the green transition. However, it is still relatively new in Vietnam. What is your assessment of the current situation and scale of the carbon market? Nguyen Thanh Cong, deputy head of the Department of Climate Change Economics and Information, at the Ministry of Natural Resources and Environment The global carbon credit market has been very active since the Kyoto Protocol was established in 1997 and continues to grow strongly, with countries and regions having rolled out mandatory carbon credit trading systems, reaching a total…
BRUSSELS (Reuters) – European Union leaders aim to send a “clear signal” to U.S. President-elect Donald Trump at a summit on Thursday about their continued support for Ukraine and will also discuss the security and economic challenges posed by his return to the White House. The leaders will host Ukrainian President Volodymyr Zelenskiy at the start of their talks in Brussels and will reaffirm their “unwavering commitment” to supporting Ukraine “for as long as it takes”, according to draft conclusions. Trump has repeatedly called for a swift end to the nearly three-year-old war. On Monday he said Zelenskiy should be…
In addition to these sales, Jaime gifted 100,000 shares to his spouse, as noted in the filing. This transaction did not involve any monetary exchange. Following these transactions, Jaime retains direct ownership of 3,660 shares and indirect ownership through trusts and his spouse. InvestingPro analysis shows the company maintains strong fundamentals with a GREAT financial health score and analyst price targets ranging from $37 to $40. Subscribers can access 16 additional ProTips and comprehensive valuation metrics in the Pro Research Report. InvestingPro analysis shows the company maintains strong fundamentals with a GREAT financial health score and analyst price targets ranging…
Earlier, on December 14, Mikan had acquired 35,000 shares of common stock through the vesting of restricted stock units, though this transaction did not involve any cash exchange. Following these transactions, Mikan’s direct ownership stands at 83,029 shares. With a current market capitalization of $34.58 million, the company faces some financial challenges, including cash burn concerns and short-term obligations exceeding liquid assets, according to recent financial data. With a current market capitalization of $34.58 million, the company faces some financial challenges, including cash burn concerns and short-term obligations exceeding liquid assets, according to recent financial data. Earlier, on December 14,…
(Reuters) -The Bank of Japan kept interest rates steady on Thursday, as policymakers preferred to tread cautiously in pushing up borrowing costs amid uncertainty over U.S. president-elect Donald Trump’s economic plans. As widely expected, the nine-member BOJ board decided to keep its short-term policy rate unchanged at 0.25%. But hawkish board member Naoki Tamura dissented and proposed raising interest rates to 0.5% on the view inflationary risks were building. His proposal was voted down. QUOTES: BART WAKABAYASHI, TOKYO BRANCH MANAGER, STATE STREET, TOKYO “They probably want to wait till next year and want some more solid information coming in on…