Michael Saylor’s Bitcoin investment firm Strategy Inc. has increased its monthly dividend on STRC preferred shares to 10.5 percent, up slightly from 10.25 percent in September. The move came after the company reported $3.9 billion in net profit for the third quarter, a sharp turnaround from a loss of $432.6 million during the same period…
US stock futures face a downward trajectory, signaling a challenging start to 2024 after a successful year that nearly took the S&P 500 to a new record. S&P 500 futures (^GSPC) saw a 0.6% drop, accompanied by a 0.5% drop, equivalent to approximately 180 points, for Dow Jones Industrial Average (^DJI) futures. Additionally, contracts associated…
Bitcoin mining has seen a notable evolution from a niche pursuit to a major corporate enterprise, marking what many call the “public mining effect.” Over the years, the industry has seen exponential growth, with global revenues and technological advancements driving its expansion. This evolution was the focus of a discussion with Robert Samuels, Vice President…
Wall Street’s pulse softened Wednesday as investors braced for an impending inflation report that could shake up expectations about the Federal Reserve’s interest rate policies. Scheduled for Thursday, the long-awaited release of the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation metric, is set to reveal January price movements, setting the stage…
Investors witnessed a modest pullback in the stock market today as all eyes focused on the Federal Reserve’s impending policy meeting. The S&P 500 index fell about 0.2%, while the Dow Jones Industrial Average showed slight gains, a departure from the previous session’s positive momentum. However, the tech-heavy Nasdaq Composite saw a steeper decline, falling…
