Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest public holder of Bitcoin, continued adding to its cryptocurrency reserves last week, though at a significantly slower pace compared to its recent large-scale purchases. The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission
A “super-accelerated” drawdown of drilled, uncompleted wells could rapidly boost US oil production, with a new Rystad Energy analysis suggesting the Permian Basin alone could see an immediate 183,000 barrels per day (bpd) increase, alongside an additional 56,000 bpd from other regions. Achieving this scenario would likely exceed theoretical limits, as it would require the
The Iran war led LPG crisis in India, which has exposed the country’s heavy reliance on imports, and should be seen as a wake-up call for the government to go back to the drawing board and push for a more durable, large-scale transition to electric cooking, experts say. Although India has launched campaigns and policies,
Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most trusted safe-haven assets selling off in the middle of a crisis. The market feels chaotic because it genuinely is, and what makes this moment unusual
Coinbase has introduced perpetual stock futures for eligible non-US retail and institutional traders, expanding its derivatives offering into US equities. The move marks a significant step in the company’s broader ambition to become an “Everything Exchange,” combining crypto, traditional assets, and new financial instruments on a single platform. Expanding access to US equities The new
Wall Street opened lower on Friday as the escalating conflict involving Iran approached its fourth week, unsettling energy markets and forcing investors to reassess expectations for interest-rate cuts by the Federal Reserve. Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all opened lower. Dow Jones Industrial Average was down 0.23% or 104 points. The
Shares of American logistics and transportation giant FedEx jumped by over 7.6% on Friday after it reported stronger-than-expected third-quarter results and lifted its full-year guidance. The company posted adjusted earnings per share of $5.25 on revenue of $24 billion for its fiscal third quarter, comfortably ahead of Wall Street estimates of $4.15 per share on
Arm Holdings Plc shares surged on Friday after a major analyst upgrade and growing optimism around its role in the artificial intelligence (AI) chip ecosystem fueled investor interest. The stock gained 7% to its intraday high, extending its recent rally as analysts highlighted the company’s evolving business model and stronger earnings potential tied to AI-driven