Strategy Inc. , the largest corporate holder of Bitcoin, sold about $2.5 million of the cryptocurrency, marking its first disposal of the cryptocurrency since 2022. Co-founder Michael Saylor signaled the possibility of Bitcoin sales during the company’s quarterly earnings call last month, a notable shift after years of assuring shareholders that the firm would not sell its holdings. The firm said ...
Strategy Inc. , the largest corporate holder of Bitcoin, sold about $2.5 million of the cryptocurrency, marking its first disposal of the cryptocurrency since 2022. Co-founder Michael Saylor signaled the possibility of Bitcoin sales during the company’s quarterly earnings call last month, a notable shift after years of assuring shareholders that the firm would not sell its holdings. The firm said future sales of Bitcoin are part of the effort to accumulate the token on its balance sheet more strategically. The sales could bring tax benefits and make it easier for the firm to acquire Bitcoin in the prolonged bear market in digital assets. Strategy still holds about $61 billion of Bitcoin. Shares of Strategy fell about 5% in pre- market trading, while Bitcoin weakened around 2% to about $72,000. The business model of so-called digital asset treasuries, or DATs — which Saylor pioneered in 2020 — has been under strain since cryptocurrency prices precipitously fell last October.
watch now VIDEO 3:49 03:49 New rules for 529 savings plans: Here's what to know Squawk Box New rules are expanding how tax-advantaged 529 savings plans can be used to pay for expenses beyond college, unlocking money that workers can use to advance or change careers. Under provisions in President Donald Trump 's One Big Beautiful Bill Act , signed into law in July 2025, you can use a 529 plan to sa...
watch now VIDEO 3:49 03:49 New rules for 529 savings plans: Here's what to know Squawk Box New rules are expanding how tax-advantaged 529 savings plans can be used to pay for expenses beyond college, unlocking money that workers can use to advance or change careers. Under provisions in President Donald Trump 's One Big Beautiful Bill Act , signed into law in July 2025, you can use a 529 plan to save not only for your child's education but also for your own career training or professional credentials. "You can now use them really as lifelong education savings accounts," said Vivian Tsai, managing director of TIAA Education Savings. The changes are "hugely transformational for adult learners," she said. More from Your Money: Here's a look at more stories on how to manage, grow and protect your money for the years ahead. Millions of people with disabilities may be missing out on this little-known savings tool You can't 'borrow your way out of debt,' expert says, but more people are trying K-shaped economy looks like 'jaws of a crocodile,' economist says: Here's why Don't wait for Trump's 10% cap, Fed cuts to get a better credit card interest rate What Trump's 1-year, 10% credit card interest rate cap means for your money TIAA is the third-largest 529 plan program manager, with $83.5 billion in assets as of March 31, according to data compiled by ISS Market Intelligence. How to make the most of 529 plans Savings in a 529 plan grow tax-free, and withdrawals for qualified education expenses are tax-free. You may also get a state tax deduction or credit — more than 30 states offer a state tax break for 529 plan contributions. Under OBBBA, you can now withdraw funds from a 529 account, federally tax-free, for a wider range of qualified education expenses. Those include tuition, books and fees for credential programs; testing fees to earn or maintain a certification or license; and continuing education costs needed to renew a credential. The OBBBA also expanded 529 plan with...
Red Cat Holdings is poised to capitalize on intense demand for drones, particularly in the U.S., which could catapult its shares much higher, according to Roth Capital Partners. The investment firm initiated coverage of the drone name with a buy rating. It also put a $25 price target on shares, implying 72% upside from Friday's close. "The company is well positioned for breakout growth from an exp...
Red Cat Holdings is poised to capitalize on intense demand for drones, particularly in the U.S., which could catapult its shares much higher, according to Roth Capital Partners. The investment firm initiated coverage of the drone name with a buy rating. It also put a $25 price target on shares, implying 72% upside from Friday's close. "The company is well positioned for breakout growth from an expanding drone portfolio and intense demand," analyst Craig Irwin said in a note to clients. " The production footprint is designed for $1 billion in revenue vs. the 2026 guide of $150-$180 million. The [Department of Defense] and allies' procurements give visibility for potential upside." Shares of the Puerto Rico-based drone software and products provider have surged 144% over the past year as the DoD signaled interest in investing in airborne defense technology. RCAT 1Y mountain Red Cat Holdings' stock is up 144% over the past 12 months. President Donald Trump signed an executive order called "Unleashing American Drone Dominance" last year, with the aim of accelerating drone production in the U.S. and making the aerial vehicles part of the National Airspace Program. U.S. lawmakers are also weighing whether to raise the Defense Department's budget in fiscal 2027, which could put more money into the pockets of drone-focused firms , among other defense technology players. Dealmaking could increase Red Cat's exposure to the Department of Defense's initiatives, potentially serving as a catalyst for the stock in the near future, according to Roth. Earlier this year, Red Cat completed its acquisitions of Apium Swarm Robotics and Quaze Technologies , according to a pair of statements published on the company's website. "Growth in 2026 should drive gross margin expansion toward management's 30% targets, but we expect near-term spending to prioritize growth over EBITDA profitability," Irwin added. Roth's call is in line with consensus on the Street. All five analysts covering Red Ca...
Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going Futures are positive and at session highs even as the a lack of a US / Iran deal pushes oil prices, bond yields, and volatility higher. As of 8:00am ET, S&P futures are up 0.3% to a new all time high of 7620; Nasdaq futures rise 0.2%: the Computex AI Conference kicked off; biggest news is NVDA to enter PC space with a new chip chal...
Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going Futures are positive and at session highs even as the a lack of a US / Iran deal pushes oil prices, bond yields, and volatility higher. As of 8:00am ET, S&P futures are up 0.3% to a new all time high of 7620; Nasdaq futures rise 0.2%: the Computex AI Conference kicked off; biggest news is NVDA to enter PC space with a new chip challenging AMD / INTC, helping send its stock up 2.3%. Microsoft shares gain 3.1% after Jensen Huang dismissed concerns over disruption from artificial intelligence. Geopolitics was in focus: in addition to a lack of a deal, there were renewed "kinetic skirmishes" that made headlines. Aside from Tech, Energy is the only sector seeing a uniform bid with elements of both Cyclicals and Defensives weaker highlighting concentration risk. WTI is above $91 as the Energy complex is rallying with Ags catching a bid and Metals mixed as Copper / Silver lead. USD is higher after 2 weeks of losses with bond yields 2 - 3bps. In equities, tech is leading with strength in Mag7 and Semis. Today’s macro data focus is on ISM-Mfg with ISM-Srvcs on Weds and NFP on Friday. In premarket trading, Nvidia (NVDA) is up 2.3% after the leader in AI chips said it was entering the PC market with a new chip. The news is supporting chip-design company Arm, whose ADRs (ARM) are up 13%, while weighing on chipmakers in the CPU space, with Intel (INTC) down 6%, Qualcomm (QCOM) sinking 9.7%, and AMD (AMD) down 4.3%. Other Mag 7 names are mixed (Meta Platforms +0.3%, Amazon -0.5%, Apple -0.7%, Alphabet -0.8%, Tesla -1.5%). Software stocks rally, with Microsoft (MSFT) up 4.1%, after Nvidia CEO Jensen Huang rebuffed concerns that the industry is at risk of being disrupted by more advanced AI tools. IBM jumps 14% after a video of President Donald Trump praising the company’s CEO and discussing the stock at a December event recirculated on social media over the weekend. Oculis sinks 32% after the biopharmaceutical firm...
tillsonburg Members of the United Auto Workers union (UAW) went on strike at Dausch Corp.'s ( DCH ) Three Rivers, Michigan facility, a key supplier to General Motors’ ( GM ) midsize and full-size pickup trucks. Dausch Corp. ( DCH ) was formally known as American Axle and was under the General Motors ( GM ) umbrella until 1992, when it was purchased by Richard Dauch. It supplies GM ( GM ) with driv...
tillsonburg Members of the United Auto Workers union (UAW) went on strike at Dausch Corp.'s ( DCH ) Three Rivers, Michigan facility, a key supplier to General Motors’ ( GM ) midsize and full-size pickup trucks. Dausch Corp. ( DCH ) was formally known as American Axle and was under the General Motors ( GM ) umbrella until 1992, when it was purchased by Richard Dauch. It supplies GM ( GM ) with drivetrains for its GMC Sierra and Chevy Silverado pickup trucks, the company’s two top-selling trucks, as well as the Chevy Colorado and GMC Canyon. The UAW workers at the Dausch ( DCH ) plant in Three Rivers have been unable to obtain a new contract from management, claiming that pay at the facility hasn’t recovered from 2008, when workers agreed to a pay cut to keep the facility running. “Today, eighteen years later, workers are still yet to make up all that lost ground, with wages at American Axle currently topping out at $22 an hour after a five-year progression, with inflation-adjusted wages cut in half from their pre-2008 levels,” the UAW said in a statement . Shares of Dausch Corp. ( DCH ) and General Motors ( GM ) are both lower into Monday’s open. More on General Motors, Dauch General Motors: The Most Attractive Risk-Reward In Large-Cap Autos Dauch Corporation (DCH) Q1 2026 Earnings Call Transcript General Motors: Guidance Raise, 10% EBIT Margins, Cheap General Motors slips, ending six-session rally GM delays workers return to Ultium battery plant -- report
A group of banks led by Wells Fargo & Co. kicked off a $3 billion leveraged loan sale as part of a larger debt package to finance building products distributor QXO Building Products Inc. ’s purchase of rival TopBuild Corp. Early pricing discussions are around 2.25 percentage points above the benchmark rate with a discounted price of 99 to 99.5 cents on the dollar, according to a person with knowle...
A group of banks led by Wells Fargo & Co. kicked off a $3 billion leveraged loan sale as part of a larger debt package to finance building products distributor QXO Building Products Inc. ’s purchase of rival TopBuild Corp. Early pricing discussions are around 2.25 percentage points above the benchmark rate with a discounted price of 99 to 99.5 cents on the dollar, according to a person with knowledge of the matter. That’s roughly in line with where the deal was pitched in pre-marketing. A lender call is scheduled for Monday at 11 a.m. New York time, while commitments are due on Thursday at 5 p.m., said the person, asking not to be identified because they’re not authorized to speak publicly. QXO agreed to buy insulation company TopBuild for about $17 billion , making QXO the second-largest publicly traded building products distributor in North America. Read More: QXO to Buy TopBuild in $17 Billion Building Products Deal Wall Street banks, which also include Morgan Stanley and Barclays Plc , provided a debt commitment that included a $3 billion senior secured term loan facility and a $3 billion bridge loan to help fund the deal, according to an April filing . A junk-bond offering may follow to replace the temporary bridge facility. That part of the financing may be split into two junk bonds, each sized at about $1.5 billion. The remainder of the acquisition will be funded with cash, preferred equity and common stock, the person said.
(RTTNews) - Early signs from the U.S. Futures Index suggest that Wall Street might open on a positive note on Monday. Geopolitical situations continue to impact the investor sentiments.
(RTTNews) - Early signs from the U.S. Futures Index suggest that Wall Street might open on a positive note on Monday. Geopolitical situations continue to impact the investor sentiments.
YvanDube/E+ via Getty Images Sonida Senior Living ( SNDA ) on Monday announced the appointment of Anton Nikodemus as COO, effective June 15. Nikodemus will oversee end-to-end operational performance across the portfolio in the newly created role. He will lead the company's continued focus on elevating resident experience and driving continued margin expansion. Nikodemus was the CEO of Seaport Ente...
YvanDube/E+ via Getty Images Sonida Senior Living ( SNDA ) on Monday announced the appointment of Anton Nikodemus as COO, effective June 15. Nikodemus will oversee end-to-end operational performance across the portfolio in the newly created role. He will lead the company's continued focus on elevating resident experience and driving continued margin expansion. Nikodemus was the CEO of Seaport Entertainment Group ( SEG ) prior to his appointment at the senior housing communities operator. More on Sonida Senior Living Sonida Senior Living, Inc. (SNDA) Q1 2026 Earnings Call Transcript Sonida Senior Living, Inc. 2026 Q1 - Results - Earnings Call Presentation Sonida Senior Living, Inc. (SNDA) Q4 2025 Earnings Call Transcript Sonida outlines leverage target in the mid-6x range while planning 11 more community transitions this summer Sonida Senior Living GAAP EPS of -$2.39 misses by $0.86, revenue of $122.63M misses by $0.15M
6月21日的决选将体现政治光谱两端在内政与外交理念上的直接对抗，选情料将高度极化 【财新网】 南美国家哥伦比亚在5月31日举行总统选举。亲特朗普的政治素人、极右翼候选人阿韦拉多·德拉埃斯普列利亚（Aberaldo de la Espriella）在首轮投票中领先，将在第二轮决选中对阵获得即将卸任的左翼总统佩特罗支持的候选人伊万·塞佩达（Iván Cepeda）。 由于无人得票率超过50%，根据哥伦...
6月21日的决选将体现政治光谱两端在内政与外交理念上的直接对抗，选情料将高度极化 【财新网】 南美国家哥伦比亚在5月31日举行总统选举。亲特朗普的政治素人、极右翼候选人阿韦拉多·德拉埃斯普列利亚（Aberaldo de la Espriella）在首轮投票中领先，将在第二轮决选中对阵获得即将卸任的左翼总统佩特罗支持的候选人伊万·塞佩达（Iván Cepeda）。 由于无人得票率超过50%，根据哥伦比亚现行选举制度，德拉埃斯普列利亚和塞佩达将在6月21日进入第二轮投票，得票多者当选。新任总统将于8月7日宣誓就职。