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Company reports a $12.6 billion loss in Q4 as bitcoin decline leads to one of the biggest quarterly impacts in corporate history

Company reports a $12.6 billion loss in Q4 as bitcoin decline leads to one of the biggest quarterly impacts in corporate history

Strategies Posts Major Loss Due to Bitcoin Decline Strategies disclosed a significant fourth-quarter loss on Wednesday. The value of Bitcoin plummeted, causing a loss that ranks among the largest ever reported by a publicly traded U.S. company. Bitcoin Finance Company, which was formerly known as MicroStrategy, reported an operating loss of around $17.4 billion, a […]

Investors in search of bargains are absent as tech stock decline impacts the market.

Investors in search of bargains are absent as tech stock decline impacts the market.

Software Sector Faces Prolonged Selloff NEW YORK, Feb 4 – The recent selloff in the software industry, which intensified on Wednesday, has struggled to attract bargain hunters. This lack of buying interest is notable, especially when compared to past situations where investors quickly jumped in to take advantage of lower prices to save struggling tech […]

Upcoming government shutdown on Saturday impacts 78% of federal spending programs

Upcoming government shutdown on Saturday impacts 78% of federal spending programs

One often-used gauge for predicting a government shutdown is the pay schedule for federal workers. This potential partial shutdown is expected to impact six governmental areas, accounting for 78 percent of federal spending. It is set to start at 12:00:01 a.m. on Saturday, January 31st. Here’s the catch: a “spending blunder” could happen over the […]

Lawmaker visits Minneapolis in support just before Fern impacts his NYC district

Lawmaker visits Minneapolis in support just before Fern impacts his NYC district

State Lawmaker’s Trip Amid Winter Storm Faces Criticism A state representative seeking a Congressional seat is encountering backlash after he left New York just before Winter Storm Fern hit his district. He traveled to the Twin Cities for what he described as a “solidarity” visit. New York State Rep. Mika Lasher (D) took a flight […]