Gold prices experienced a significant selloff, falling about 1% to $4,321.80 an ounce on Monday after a 3% drop on Friday, the largest single-day decline since March. The weekly loss was 4.9%, the biggest since late March. This decline highlights ongoing pressure on gold after a weak year so far, though some strategists suggest a support level around $4,000 may prevent further steep falls.
SpaceX recently launched its IPO, raising $75 billion and reaching a market cap over $2.1 trillion. This major event could trigger a wave of tech IPOs from companies like Anthropic, OpenAI, Anduril, Databricks, and Stripe. Anthropic and OpenAI have f...
The PIMCO Global StocksPLUS & Income Fund (PGP) currently trades at a 5.31% discount, making it more attractive compared to its historical levels. The fund combines fixed-income investments with equity derivatives, providing strong relative returns a...
BitMine Immersion Technologies disclosed a $9.6 billion treasury anchored by over 5.5 million ETH, representing about 4.59% of Ethereum's total supply, signaling a strategic pivot from Bitcoin mining to Ethereum staking and yield generation. The comp...
Closed-end fund (CEF) sectors faced pressure last week due to rising Treasury yields and declining stock prices, causing discounts to widen. Saba's merger agreement with Voya to combine funds IHD and IAE into IEMLX benefits both activists and manager...
Uniti Group's stock surged 81.9% following its merger with Windstream, which resolved major risks and diversified revenue streams. The company is expanding its fiber network aggressively, especially through its Kinetic segment, with plans for signifi...
