Strategy's preferred stock STRC fell to a record low of $82.5, down 18% from its $100 par value, triggered by Bitcoin's drop below $62K and fears over dividend coverage. The stock's decline accelerated after Strategy sold 32 BTC in late May and used reserves meant for dividends to reduce debt, raising concerns about meeting future payouts. Analysts warn this could force more BTC sales, potentially capping Bitcoin's rally and impacting both STRC and Strategy's main stock, MSTR, which has also fallen sharply. The situation highlights growing market uncertainty linked to Strategy's capital structure and dividend obligations.
SPX Technologies announced a leadership transition in its Detection & Measurement segment as John Swann plans to retire in January 2027. Eric Kaled will take over as segment leader starting August 31, 2026, ensuring continuity and growth. Swann has b...
Brodsky & Smith LLC is investigating whether the boards of AstroNova, Open Lending, Huntsman, and Standard BioTools breached their fiduciary duties in recent merger agreements. The investigations focus on whether the companies conducted fair processe...
The Canadian government has decided to abolish the Office of the Ombudsperson for Responsible Enterprise (CORE), which was tasked with reviewing complaints about human rights and labor abuses linked to Canadian companies operating abroad. The United ...
The Canadian government has decided to close the Office of the Canadian Ombudsperson for Responsible Enterprise (OCRE), a move strongly condemned by the United Steelworkers union. The union argues that while OCRE lacked independence and power, abolis...
Vanguard Investments Canada Inc. announced the final cash distributions for June 2026 for several Vanguard ETFs listed on the Toronto Stock Exchange. Unitholders of record on June 26, 2026, will receive payments on July 6, 2026, with distribution amo...
