Michael Saylor predicts Bitcoin will reach $13 million by 2045, requiring a 29% annual return and a $280 trillion market cap. Can BTC absorb enough global wealth to make it possible?
Oil markets have been quiet, but the impact of potential tariffs on Canada and Mexico is on the horizon. The post Quiet diesel market awaits potential tariff impacts on Canadian oil appeared first on FreightWaves.
(Bloomberg) -- A rally in chipmakers drove stocks to all-time highs, while US-Russia talks raised hopes of an end to the war in Ukraine.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe S&P 500 topped its January record.Equities have been stuck in a narrow
Wyoming Senator Cynthia Lummis trumpeted a Bitcoin reserve over a gold reserve: "A Bitcoin reserve could be audited anytime."
(Bloomberg) -- Michael Saylor’s Strategy plans to offer $2 billion of convertible debt in a private offering, extending the self-styled Bitcoin treasury company’s unconventional fundraising strategy. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe firm, w
Two interest rate decisions and Chinese house prices top the Asia-Pacific calendar on Wednesday, with markets still pretty buoyant even as investors navigate the increasingly powerful crosscurrents of global trade and geopolitical uncertainty. When it comes to U.S. monetary policy, the Federal Reserve is adopting a similar stance too. The Reserve Bank of New Zealand on Wednesday is expected to lop another 50 basis points off borrowing costs to counter slowing growth, while Bank Indonesia is set to hold rates to shore up the weak exchange rate, according to Reuters polls.
Higher education company Perdoceo Education (NASDAQ:PRDO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 19.3% year on year to $176.4 million. Its non-GAAP profit of $0.50 per share was 4.2% above analysts’ consensus estimates.
Electronic system and device provider Bel Fuse (NASDAQ:BELFA) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7% year on year to $149.9 million. On top of that, next quarter’s revenue guidance ($149 million at the midpoint) was surprisingly good and 14.4% above what analysts were expecting. Its GAAP loss of $0.14 per share was significantly below analysts’ consensus estimates.
Meta stock fell Tuesday, snapping its 20-session winning streak.
(Bloomberg) -- The intense competition Lyft Inc. faces from rival Uber Technologies Inc. is threatening to pressure its margins, according to an analyst who has become the lone bear on the stock.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegArete Research S
