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Strategy Sells Bitcoin for First Time, MSTR Drops 6%
Strategy disclosed its first-ever sale of bitcoin from its corporate treasury, offloading 32 BTC at roughly $77,135 and breaking a long-standing no-sell stance, which sent MSTR shares down more than 6
Senate Banking Committee to Vote May 14 on Stablecoin Bill
The Senate Banking Committee will vote May 14 on a major stablecoin bill that banks oppose as a threat to deposits but crypto companies including Coinbase now back, following a Tillis-Alsobrooks compr
Whisky business: Investors pin hopes on Trump’s Scotch tariff reversal after dire three years
President Trump’s decision to scrap the 10% tariff on Scotch whisky exports to the United States is being hailed as a major lift for the industry and for investors in premium casks. Industry leaders,
Tax-saving FDs: 5-year lock-in, top rates at 7.90%
Tax-saving fixed deposits in India offer deductions of up to ₹1.5 lakh under Section 80C but require a mandatory 5-year lock-in, with Suryoday Small Finance Bank currently offering the highest rate at
Fed Faces Stubborn Inflation as April Jobs Add 115K
The Fed’s path to rate cuts is narrowing as April’s modest job gains fail to offset stubborn inflation, which rose to 3.3% in March. With three regional presidents rejecting forward‑guidance language
Rocket Lab Shares Surge 34% on Revenue Beat, Deal
Rocket Lab’s shares surged 34% after beating revenue forecasts and landing its biggest launch contract, underscoring the rapid expansion of the U.S. space market. The boost aligns with Trump’s Golden
Ex‑Wachtell Lawyer Banker Linked to Insider Trading
A former Wachtell lawyer who now works as a banker has been tied to a sprawling insider‑trading network. The scheme, which spanned a decade, exposed confidential M&A data from six major law firms and
US jobs data beats expectations for second month in a row
U.S. non‑farm payrolls surged by 115,000 in April, keeping the unemployment rate at 4.3% and defying expectations amid the energy shock from the Hormuz closure and ongoing Middle‑East tensions. The up
Burry and Jones warn AI hype mirrors dot‑com bubble
Michael Burry warned that AI‑centric hype is driving the market like the final months of the 1999‑2000 dot‑com bubble, with the S&P 500 hitting fresh record highs despite weak consumer sentiment. Paul
Micron Jumps 38% as AI Memory Rally Lifts SanDisk, WD
Memory chip makers are on a tear, with Micron’s stock jumping 11% intraday and climbing nearly 38% over the week, while SanDisk rallied 11% and Western Digital added 3%. The surge is driven by bullish
Bitcoin profit-taking may 'accelerate' as price hits 3-month high: Analyst
Bitcoin’s price climb to a three‑month high has triggered a wave of profit‑taking among short‑term holders, pushing the STH‑SOPR above the profit‑taking threshold and delivering net gains of over 20,0
Payward files OCC trust charter for crypto custody
Payward, the parent of Kraken, has filed for a national trust company charter with the OCC, aiming to offer federally regulated crypto custody services. The move, part of a multi‑charter strategy that
S&P 500, Nasdaq Reach Record Highs on Jobs, Iran Deal
U.S. equities surged to fresh record highs as a robust jobs report and optimism over a potential Iran nuclear deal sparked a tech‑driven rally. The S&P 500 posted its sixth straight winning week while
Micron, SanDisk, Western Digital Rally on AI Memory
Memory chip makers Micron, SanDisk, and Western Digital posted sharp gains—Micron up 11% intraday and over 30% on the week, SanDisk up 11%, and Western Digital up 3%—as analysts tout an AI‑driven memo
₹10 Lakh Allocation Guide for 3 Risk Profiles
Investment experts Ishkaran Chhabra and Abhishek Bhilwaria laid out ₹10 lakh asset allocation strategies for conservative, moderate, and aggressive investors, recommending a 6-9 month STP approach int
Cloudflare Cuts 1,100 Jobs, Shares Dive 24%
Cloudflare is slashing roughly 20% of its workforce—over 1,100 roles—as it refocuses on AI-driven services. The move triggered a sharp 24% plunge in its share price, reflecting investor concerns over
U.S. Jobs Report Shows Payrolls Up, Hiring Slows
The latest U.S. jobs report revealed payrolls rose more than forecast, even as hiring momentum slowed. While the data beat expectations, analysts flagged warning signs such as stagnant wages and a “fr
Coinbase bulls point to crypto legislation and stablecoins after earnings miss
Amid record‑high U.S. equities and JPMorgan’s own strong Q1 earnings, Coinbase’s miss exposed a split on Wall Street: bullish analysts cite the pending CLARITY Act and growth in stablecoins, derivativ
Nintendo Raises Switch 2 Price to $500 Globally
Nintendo announced a worldwide price hike for its Switch 2 console to $500 effective September 1, while also raising the original Switch price in Japan, and warned of a sales slowdown.
U.S. April Jobs Gain 115K, Unemployment 4.3%
U.S. nonfarm payrolls added 115,000 jobs in April, keeping the unemployment rate at 4.3% as average hourly earnings grew only 0.2% and the labor market showed mixed sector trends, with healthcare hiri
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