Business
Bitcoin Drops to $59K Amid Energy Inflation Fears Ahead of PCE Data Release
Bitcoin tested a low of $59,023 Wednesday, erasing $800 million in long positions as retail investors pulled $6 billion from ETFs to buy AI stocks ahead of crucial inflation data.
Business
Uber Dominates Robotaxi Spending Over Tesla Without Building a Single Car
Uber committed $1.25 billion to Rivian for up to 50,000 autonomous R2 SUVs, cementing its strategy to partner with manufacturers rather than build cars to compete with Tesla.
Business
Nissan Shareholders Demand Carlos Ghosn Return as Turnaround Strategy Slashes 20,000 Jobs
Nissan shareholders submitted an unprecedented proposal to reinstate fugitive Carlos Ghosn as CEO Ivan Espinosa defends a restructuring plan that cuts 20,000 jobs.
Business
The Complete Mechanics of Secondary Equity Offerings and Share Dilution
A dilutive secondary offering mathematically shrinks your ownership percentage by increasing the total number of shares. Here is exactly how the denominator effect alters your portfolio.
Business
Trump Orders DOJ Gas Price Probe as Crude Plunges After Hormuz Cease-fire
President Trump has ordered a DOJ investigation into energy companies as retail gas prices stick near $3.928 a gallon, despite crude oil plunging to $70 after the U.S.-Iran cease-fire.
Business
Federal Student Loan Consolidation Rules Change July 1 Following SAVE Plan Court Mandate
Borrowers consolidating federal student loans after July 1 will see their IDR forgiveness counts reset to zero as the Department of Education phases out legacy plans following the SAVE court ruling.
