Strategy’s Q3 earnings fall to $2.8 billion as bitcoin surge diminishes, mNAV premium reaches an 18-month low
Bitcoin Treasury Firm Sees Drop in Q3 Profit Bitcoin treasury firm Strategy (ticker MSTR) reported a third-quarter profit of $2.8 billion, a significant decrease from the previous quarter’s high of $10 billion. This drop comes as Bitcoin’s recent rally lost steam, and the company’s valuation premium has continued to shrink. Despite this decline, the results […]
Investors in Bitcoin Miner Core Scientific Reject $9 Billion Merger with CoreWeave
Core Scientific Shareholders Reject Proposed Merger with Coreweave Shareholders of Core Scientific, a Bitcoin mining company, voted against a proposed $9 billion all-stock merger with AI computing firm Coreweave during a meeting on Thursday. According to a statement from Core Scientific, the necessary votes to approve the merger were not obtained at the special meeting […]
Investors in Bitcoin Miner Core Scientific Reject $9 Billion Merger with CoreWeave
Simply put AI computing firm CoreWeave planned to purchase Bitcoin mining company Core Scientific in an all-stock agreement valued at $9 billion. Yet, shareholders of Core Scientific turned down the merger proposal during a meeting on Thursday. This led to a nearly 4% drop in CoreWeave’s stock price, while shares of Core Scientific slightly increased. […]
Hochul saved by almost $3 billion in additional New York tax revenue, yet significant deficits are on the horizon
New York Governor Discusses Tax Revenue and Budget Concerns ALBANY – Governor Kathy Hochul is expressing concern about poverty despite a notable tax revenue increase in the first half of the fiscal year, with nearly $3 billion more than anticipated. This growth puts the state on track to gather $259 billion in revenue this fiscal […]
Trump promises to recover over $1 billion misallocated by blue states for healthcare of undocumented immigrants.
Trump Administration Aims to Recover Medicaid Funds The Trump administration is working to reclaim over $1 billion in federal Medicaid funding that some blue states allegedly spent on healthcare for undocumented immigrants. This group reportedly includes individuals with serious criminal records, such as murder and sexual offenses. A preliminary audit conducted by the Centers for […]
Apple sales exceed $100 billion even though iPhone predictions were off.
Apple’s Optimistic Outlook for Holiday iPhone Sales On Thursday, Apple CEO Tim Cook shared some encouraging news regarding the company’s performance. He mentioned that they anticipate both holiday quarter iPhone sales and overall revenue to surpass Wall Street forecasts, even amidst ongoing supply challenges related to the iPhone 17 models. These supply issues, combined with […]
MTA invests $1.5 billion in new subway cars to prevent breakdowns
MTA Approves $1.5 Billion Subway Car Purchase The Metropolitan Transportation Authority (MTA) recently approved a significant $1.5 billion contract to acquire hundreds of new subway cars. The MTA board has decided to award Kawasaki a contract for the construction of 378 advanced R268 trains, intended to replace outdated models from the 1980s that have caused […]
This Bitcoin miner’s investors might turn down a $9 billion buyout, and the CEO insists on his price.
Corporate Conflict Unfolds in Bitcoin Mining and AI A significant corporate showdown is happening at the crossroads of Bitcoin mining and artificial intelligence. CoreWeave (NYSE: CRWV) is involved in a contentious acquisition of Core Scientific (NASDAQ: CORZ). In July, investor hesitation caused Core Scientific’s stock to drop nearly 18%. Now, shareholders are set to vote […]
MAB Group’s R18 Billion Valuation: A Significant Turning Point for African Mining
How Pinagale Mogodi’s Empire is Reshaping Junior Mining in Africa As we approach the end of 2025, significant attention is focused on a major development in South Africa’s mining sector. There’s a pending sale of a 40% stake in a company that could mark a crucial turning point for young miners across the continent. At […]
Shutdown could result in economic losses of up to $14 billion, according to analysis.
The ongoing government shutdown, which has lasted nearly a month, is projected to cost the United States between $7 billion and $14 billion, as indicated by a recent report from the Congressional Budget Office (CBO) published on Wednesday. CBO estimates that the shutdown could knock off 1 to 2 percentage points from real gross domestic […]