As tensions in the Middle East stretch into their fourth week, shockwaves are now being felt across global markets and gold is no exception. The precious metal has taken a sharp hit, tumbling to its steepest weekly fall in nearly four decades, with prices reaching $4,354 per ounce.The fall marks a swift retreat from levels…
Leading bitcoin treasury company Strategy (MSTR) has proposed shifting the dividend payment schedule on its perpetual preferred equity, Stretch (STRC), from monthly to semi-monthly. The amendment, outlined in Strategy’s investor presentation, would keep the 11.5% annualized dividend rate and total annual obligations unchanged (currently $1.2 billion). Holders would receive payouts roughly every two weeks instead…
Bitcoin BTC$80,958.81 continues to rally, defying the typical inflation playbook. It’s raising the question of whether the cryptocurrency has quietly crossed over from risk asset to inflation hedge. The leading cryptocurrency by market value has risen 19% in just over a month, topping $80,000 on Monday for the first time since January. The rally comes…
Wall Street opened the new week on a cautious positive note on Monday, with investors positioning themselves ahead of a heavy slate of economic data that could influence interest-rate expectations and market direction.In early trade, the S&P 500 rose 0.3%, while the Dow Jones Industrial Average gained about 150 points, or 0.3%. The Nasdaq Composite…
MARA Holdings (MARA) sold 15,133 bitcoin for approximately $1.1 billion between March 4 and March 25 to fund a major balance sheet overhaul. The company is using the proceeds to repurchase roughly $1.0 billion of its 0.00% convertible senior notes due 2030 and 2031 at a discount. In total, MARA will buy back $367.5 million…
Investors have a couple of new reasons to like portfolio stocks Broadcom and Goldman Sachs . Deal king: Coterra named Goldman Sachs as a financial advisor on its $58 billion all-stock merger with fellow shale producer Devon . The deal is the largest in the energy sector since Diamondback ‘s $26 billion acquisition of Endeavor…
NEW DELHI: A new international study involving researchers from Physical Research Laboratory (PRL), IISER and Institute of Remote Sensing, has revealed that water ice deposits in the Moon’s permanently shadowed regions are far more stable than earlier believed.“Moon’s permanently shadowed regions (PSRs) are capable of preserving water-ice and other frozen volatiles for billions of years…
Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump’s nominees to be their chairman have been crawling through a Senate confirmation process that’s close to its end — though the Senate likely remains days away from actually…
Asian stocks climbed Thursday following a relief rally in the United States after President Donald Trump stepped back from his threat to impose tariffs on several European countries over their opposition to a US takeover of Greenland. Safe-haven metals, including gold and silver, extended their losses.Asian markets were broadly higher, with Tokyo’s Nikkei 225 rising…
Bitcoin pulled back to $71,843 on Friday after a third attempt to breach $73,000 was met with selling on Thursday, a level that has now rejected the price on every rally since the Iran conflict began in late February. The retreat is modest. Bitcoin is up 7.9% on the week, its strongest weekly performance of…
