Reported 28 days ago
Recent reports reveal that 61 public companies, including Trump's Media & Technology Group, have adopted bitcoin treasury strategies, allocating part of their cash reserves into bitcoin amid rising prices and softening regulations. Companies are inspired by MicroStrategy's success, which saw its stock soar over 3000% after holding substantial bitcoin. However, this trend raises concerns about potential risks, including market volatility and liquidity crises if bitcoin prices plunge.
Source: YAHOO
Reported 28 days ago
Source: YAHOO
Reported 28 days ago
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, advocates that all investors should allocate 10-40% of their portfolio to cryptocurrencies. He argues that as digital assets mature and their volatility decreases, they become a viable part of a diversified investment strategy, especially considering the increasing lifespan of individuals owing to medical advancements.
Source: YAHOO
Reported 28 days ago
Source: YAHOO
Reported 28 days ago
Source: YAHOO
Reported 28 days ago
Source: YAHOO
Reported 28 days ago
Source: YAHOO
Reported 28 days ago
US stock markets saw a rebound on Monday as investor optimism grew over a potential de-escalation in the Israel-Iran conflict, with the Dow Jones rising by approximately 0.8% and the Nasdaq gaining 1.5%. This recovery follows a significant drop in the previous session, triggered by fears surrounding the ongoing tensions. Meanwhile, oil prices receded due to the outlook that the conflict might not disrupt supply significantly. The market's focus shifts to the upcoming Federal Reserve meeting, where a steady interest rate is expected.
Source: YAHOO
Reported 28 days ago
Source: WSJ
Reported 28 days ago
Source: BARRONS
Reported 28 days ago
Millions of Americans are experiencing a decline in their credit scores as the U.S. government has resumed student loan collections after a lengthy pause. With unpaid loans being reported to credit bureaus, borrowers are finding it increasingly difficult to manage their finances. Reports indicate that many individuals, particularly those in their 30s and 40s, have seen significant drops in their credit scores, which complicates access to loans, mortgages, and rental applications amidst rising inflation and economic uncertainty.
Source: YAHOO
Reported 28 days ago
Facing $89,000 in debt at 52 can feel overwhelming, and while accessing your 401(k) might seem like a way out, it should be a last resort due to significant long-term consequences. Options such as balance transfer credit cards, debt consolidation loans, and credit counseling offer better solutions to manage debt without jeopardizing retirement savings, which are crucial for financial security in the years ahead.
Source: YAHOO
Reported 28 days ago
Source: BARRONS
Reported 28 days ago
Source: BARRONS
Reported 28 days ago
Kering, the luxury fashion group known for Gucci, has a rich history marked by significant milestones such as its founding in 1962 by Francois Pinault, the transformation from PPR to Kering in 2013, and key acquisitions including Balenciaga and Brioni. Recent changes involve leadership reshuffles to revive Gucci amidst challenges, highlighted by strategic acquisitions and exits of key designers. Tensions in profit margins, particularly with Gucci, have sparked investor concerns as Kering navigates its identity in a shifting market.
Source: YAHOO
Reported 28 days ago
Source: BARRONS
Reported 28 days ago
Source: WSJ
Reported 28 days ago
Shoppers in Los Angeles County are facing a significant sales tax increase as of April 1, 2025, due to the approval of Measure A, which raised the tax rate in unincorporated areas to 9.75% and even higher to 11.25% in some cities. While meant to fund homeless services, many shoppers are concerned about the rising costs affecting their budgets, especially given prior criticisms over how funds have been managed by local authorities.
Source: YAHOO
Reported 28 days ago
Bega Cheese announced its intention to seek informal regulatory approval to acquire Fonterra's Oceania business, as Fonterra plans a comprehensive sale of its global consumer and integrated operations. This divestment process, estimated at around NZ$4 billion, aims to enhance Fonterra's focus on core milk processing activities, and it is in discussions with potential buyers. The Australian competition regulator is also reviewing bids from other firms interested in Fonterra's assets.
Source: YAHOO
Reported 28 days ago
Source: WSJ
Reported 28 days ago
Metaplanet Inc., a Japanese firm that has transitioned from hospitality to Bitcoin acquisition, has surpassed chipmaker Kioxia in market capitalization. The company's shares soared nearly 400% in less than two months, reaching a market value of over ¥1 trillion ($6.9 billion) as it announced a significant Bitcoin purchase, riding the ongoing crypto rally. Despite its rapid growth, there are concerns regarding the sustainability of its stock performance, with a notable percentage of short positions reported.
Source: YAHOO
Reported 28 days ago
Luca de Meo, the CEO of Renault, has announced his resignation from the French automotive giant, with reports indicating he is being positioned to lead luxury goods company Kering. Analysts express mixed reactions, noting de Meo's lack of luxury industry experience but acknowledging his strong management style and marketing skills which could benefit Kering, especially as they strive for top-line growth amidst challenges. His departure raises concerns about Renault's future strategic direction and leadership during a critical transition period.
Source: YAHOO
Reported 28 days ago
In May, China's economy showed mixed results as retail sales rose 6.4%, aided by promotional events and shifts in consumer spending, while factory output slowed at a rate of 5.8% YoY, reflecting the negative impact of higher U.S. tariffs. Retail growth was credited to online shopping festivals and government subsidies despite continuing weakness in the real estate sector and consumer confidence. Overall, while the retail sector performed well, economists warn of potential further declines in export growth and remaining weaknesses in the economic landscape.
Source: YAHOO
Reported 28 days ago
Source: WSJ