Bitcoin's 90-day correlation with gold has surged above 50%, while its correlation with the Nasdaq 100 has dropped to about 33%, signaling a shift from a tech-like asset to a scarce macro asset. This change coincides with Bitcoin's strong rally in August, driven by factors like Treasury bond-buybacks, a weaker dollar, and increased institutional demand. The backdrop of rising US federal debt over $40 trillion and fiscal deficits has boosted interest in scarce assets like Bitcoin and gold as hedges against currency debasement. The key test will be if Bitcoin maintains its correlation with gold during broader market downturns, potentially confirming a lasting shift in its market behavior.
BYD Company Limited reported strong Q2 2026 results with earnings per share of $0.14, beating analyst estimates of $0.11. The company leads the global electric vehicle market by delivery volume and outperforms competitors like Tesla in profit margins...
SentinelOne reported Q2 fiscal 2027 revenue of about $292 million, a 21% increase year-over-year, beating estimates. Bernstein kept its Outperform rating and raised the price target from $19 to $21. Despite strong earnings and a 10% non-GAAP operatin...
Hafnia Limited reported a robust Q2 2026, achieving a net profit of $278 million and an EPS of $0.56, surpassing analyst expectations. The company benefits from a younger-than-average fleet and increased demand due to geopolitical disruptions and lon...
Veeva Systems Inc. reported strong Q2 revenue growth of 18%, surpassing both company guidance and analyst expectations. The company is actively reducing its share count through a $2 billion buyback program, which supports earnings per share growth by...
Berkshire Hathaway, under CEO Greg Abel, has significantly increased its housing market exposure by acquiring Taylor Morrison Home for $6.8 billion and boosting stakes in Lennar and D.R. Horton. This move comes as U.S. housing demand weakens, with pe...
