In 2026, Bitcoin dropped about 50%, closely tracking the Nasdaq rather than acting as a safe haven like gold, which hit record highs. This shift is linked to the rise of spot Bitcoin ETFs since 2024, which integrated Bitcoin into institutional portfolios alongside tech stocks, aligning their price movements. Analysts say Bitcoin now behaves like a high-risk tech asset, falling sharply with equities but not fully benefiting from their rallies, challenging its role as a portfolio hedge. The future depends on whether this correlation is structural or temporary, affecting how investors should view and size Bitcoin in their portfolios.
Union Pacific and Canadian National Railway (CN) have signed a binding agreement to improve rail service across North America. The deal expands Union Pacific's operating rights on CN's Elgin, Joliet and Eastern corridor near Chicago and grants CN new...
Oak Valley Bancorp reported a Q2 2026 net income of $5.1 million, slightly down from previous periods due to higher expenses and lower non-interest income. Loan growth and improved loan yields increased net interest income, while non-performing asset...
Moody's Corporation reported strong second-quarter results with adjusted earnings per share of $4.68, beating estimates by over 10%. Quarterly sales rose 15% to $2.19 billion, driven by a 25% revenue increase in Moody's Investors Service and 4% growt...
Guidewire Software, a provider of cloud-based software for property and casualty insurers, is experiencing strong growth due to its successful transition to cloud services. Its revenue grew 27% year-over-year, with subscription and support services n...
Top Wealth Group Holding Limited completed a private investment in public equity (PIPE) transaction, issuing 40 million Class A shares at $2.00 each to nine non-U.S. investors, raising $80 million. The shares are subject to a six-month transfer restr...
