Strategy (previously known as Microstrategy) expanded its Bitcoin holdings last week, purchasing an additional 3,273 BTC for approximately $255 million, even as analysts flagged concerns about the sustainability of the recent price rally. The acquisition, disclosed in an 8-K filing with the US Securities and Exchange Commission, was made at an average price of $77,906
Shares of Nvidia rose in early trading on Monday, extending a breakout rally that has pushed the stock to record highs. However, at the time of writing, shares of the chip maker had given up most of those gains to trade mostly flat. Investors are looking ahead to a key week of earnings from major
Katana (KAT) has been one of the strongest-performing altcoins in the market over the past 24 hours, recording a sharp 73.1% jump to $0.02129. What makes this rally stand out is not just the price increase, but the scale of trading activity behind it. KAT has significantly outperformed Bitcoin and the broader crypto market, which
Investors are bailing on Skillz (NYSE: SKLZ) on Friday morning despite the company securing a monumental $420 million jury verdict in its high-stakes litigation against Papaya Gaming. The federal jury in Manhattan ruled that Papaya had engaged in systematic false advertising by using “bots” in its skill-based games, misleading players into thinking they were competing
Shares of Eli Lilly came under pressure on Friday after early prescription data for its newly launched weight-loss pill suggested a slower rollout compared with rival Novo Nordisk’s competing product. According to data from healthcare analytics firm IQVIA, Lilly’s Foundayo recorded 3,707 prescriptions in the US during its second week on the market, up from
Shares of Nvidia surged on Friday, putting the stock on track for a record closing high as renewed optimism around artificial intelligence demand rippled across the semiconductor sector. The rally was partly fuelled by strong earnings from Intel, which reassured investors about the durability of demand for advanced computing hardware. Nvidia’s stock rose 4.8% to
Shares of X-Energy Inc. surged in their market debut on Friday, opening sharply above their initial public offering price after the company raised more than $1 billion in an upsized offering that drew strong investor demand. The Rockville, Maryland-based nuclear energy firm priced its IPO at $23 per share, above the marketed range of $16
US President Donald Trump is dispatching envoys to Pakistan in a renewed push for talks with Iran, even as uncertainty persists over diplomatic progress. Google is deepening its artificial intelligence push with a multibillion-dollar investment in Anthropic, underscoring the intensifying race for computing infrastructure. Intel shares surged after stronger-than-expected earnings signaled improving momentum in its
US equities ended the week on a mixed note, with the S&P 500 and Nasdaq Composite closing at record highs on Friday, supported by optimism around potential US-Iran talks and a surge in semiconductor stocks led by Intel. The Dow Jones Industrial Average, however, lagged behind, ending the session slightly lower. The S&P 500 rose
The Indian rupee’s valuation against major global currencies has dropped to its lowest level in more than a decade, weighed down by rising crude oil prices and persistent foreign outflows. Data from the Reserve Bank of India’s latest bulletin showed that the rupee’s 40-currency real effective exchange rate (REER) fell to 92.72. The REER adjusts