MSCI plans to reclassify companies like Strategy and Metaplanet, which primarily hold Bitcoin, as 'non-operating companies,' making them ineligible for its Global Investable Market Indexes. This move could force passive funds tracking these indexes to sell their shares, potentially causing significant stock price drops. The consultation period ends September 30, 2026, with a final decision expected by October 16 and implementation possibly starting in November 2026. This reflects MSCI's effort to exclude firms that function more as asset holders than operating businesses from its indexes.
Alphabet (GOOG) shows robust growth with its Search business up 17% year-over-year, Google Cloud surging 82% with a $514 billion backlog, and YouTube ads rising 13%. The company's integration of AI and creator monetization on YouTube strengthens its ...
Nokia's stock surged 67% year-to-date, driven by strong Q2 revenue and earnings growth fueled by a 105% year-over-year increase in AI and cloud sales. However, the company faced challenges as free cash flow turned negative and net cash declined. Whil...
The PIMCO Income Strategy Fund (PFL) offers a high yield of 12.48%, attracting investors seeking strong current income. However, the fund struggles to fully cover its distributions, raising questions about the sustainability of its payouts. PFL mainl...
Bitcoin's price has fallen about 4%, testing key bull market support levels. It currently sits near the bull market trendline and may break below it, which could lead to a further decline toward $62,250. If this support fails, Bitcoin might enter a n...
Bitwise Asset Management and Superstate have partnered to explore tokenized shares for selected Bitwise funds, starting with the Solana staking ETF (BSOL). This model would allow investors to hold ETF shares recorded either traditionally or on a bloc...
