Bitcoin dropped to $77,189 after US Producer Price Index (PPI) inflation came in stronger than expected at 5.4%, pushing the probability of a Federal Reserve rate hike to 72%. Rising oil prices above $100 per barrel and climbing US Treasury yields added pressure on risk assets. Spot Bitcoin ETFs saw $283 million in outflows for the third day straight, signaling weaker demand. Coinbase CEO Brian Armstrong believes Bitcoin has hit its cyclical bottom amid improving regulatory clarity.
In Q2 2026, the Baron Emerging Markets Fund gained 19.61%, underperforming its benchmark, the MSCI Emerging Markets Index, which rose 24.05%. Key contributors to the fund's performance included SK hynix, Taiwan Semiconductor, Samsung Electronics, Mon...
Arbor Realty Trust is under significant stress due to rising interest rates, with its common equity trading well below its reported book value. The company's profitability is declining because of increased real estate owned (REO) assets, impairments,...
Ademi LLP is investigating whether the $10.50 per share acquisition offer by Copart for ACV Auctions Inc. provides fair value to ACV's public shareholders. The investigation focuses on the adequacy of the price, benefits to company insiders, restrict...
MYR Group reported a strong Q2 with earnings per share rising 86% year-over-year to $3.17 and revenue increasing 20% to $1.08 billion, driven by record growth in its commercial and industrial segment and margin expansion. The company’s backlog reache...
Coinbase CEO Brian Armstrong expects Bitcoin to reach $400,000 by 2030, requiring a 420% increase from its current price around $76,930. He believes the recent downtrend, lasting about a year, has likely bottomed out and anticipates a rally driven by...
