Peter Schiff criticized Strategy's recent Bitcoin purchase, arguing that the company's model of buying Bitcoin by issuing shares no longer benefits shareholders. Previously, Strategy sold shares at a premium, increasing Bitcoin exposure per share, but now shares are sold at a discount, diluting Bitcoin per share and creating "negative Bitcoin yield." Schiff also highlighted financial pressures on Strategy's preferred stock (STRC) and suggested the company should sell Bitcoin to buy back discounted shares instead of issuing more. He warned that holding Strategy stock may be a poor way to gain Bitcoin exposure under current conditions.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
