Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August. Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares. STRC investors may have been expecting as much as a 50-basis-point hike in the dividend as Strategy has…
£14,285 in savings? Here’s how to unlock a £1,000 passive income
Image source: Getty Images Interest rates in the UK are looking likely to rise later this summer. So investors could be able to lock in attractive passive income via Cash ISAs. However, the stock market could offer a better option. Its elevated dividend yields provided cash payments, albeit with higher…
Down 31% this year, can Tesla stock bounce back?
I am a believer in long-term investing. Over the long term, Tesla (NASDAQ: TSLA) has been an incredible performer. Tesla stock is up by 35% over five years, but it is up by a phenomenal 24,029% in the 16 years since it listed on the NASDAQ stock market. This year,…
Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million
The attacker working through Coldcard-generated keys is now emptying wallets worth a few thousand dollars each. Galaxy Research flagged a third wave of sweeps early Sunday, roughly 208 bitcoin drained from 1,912 addresses between Friday midday and Saturday morning UTC. That is just over a tenth of a bitcoin per…
Amazon stock just jumped 15% in a day! Can we stop panicking about that AI bubble now?
Amazon (NASDAQ: AMZN) has been overshadowed by US tech rivals like Nvidia and SpaceX lately. That changed on Friday (31 July). Shares in the retail and cloud giant surged 15% after a stunning second-quarter update helped restore confidence in the artificial intelligence story. For weeks, investors had fretted that massive…
Utilities sector slips in July; Constellation Energy leads gainers, Alliant Energy leads decliners
Utilities sector slips in July; Constellation Energy leads gainers, Alliant Energy leads decliners Source link
Earnings Scoreboard: Apple slumps after Tim Cook’s final earnings; Microsoft rallies in big-tech results week
Aleksandr Fedosov/iStock Editorial via Getty Images Tech earnings were dominated by bigwigs including Apple (AAPL), Microsoft (MSFT), and Qualcomm (QCOM) this week, keeping investors glued to the tech sector. Apple’s guidance miss dented its shares on Friday, marking its worst single-day post-earnings sell-off since January 2013. However, the broader Source…
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. A bStocks…
Earnings Scorecard: 85% of financial companies beat EPS estimates this week: Who missed?
Funtap/iStock via Getty Images Financial companies remained in the spotlight this week as investors digested quarterly results from payment companies, insurers, exchanges, brokers, and asset managers. Major names including PayPal (PYPL), Visa (V), Robinhood (HOOD), S&P Global ( Source link
Bank of Italy research suggests stablecoins aren’t necessarily cheaper for remittances
For years, stablecoins have been marketed as crypto’s breakthrough application for cross-border payments, promising near-instant transfers at a fraction of the cost charged by traditional remittance providers. Sending USDC across a blockchain may indeed cost only a few cents but a new study from the Bank of Italy suggests that…