With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.
With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.
In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNT Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images St...
In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNT Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Strategy's latest earnings release marks a subtle but meaningful shift in the company's approach to bitcoin: Instead of passively stockpiling bitcoin, it's going to more actively manage the balance sheet to maximize value of bitcoin per share. That's a reversal from the company's longstanding "never sell" strategy, which originated with chairman, founder and bitcoin evangelist Michael Saylor – and it comes as the company posts a $12.5 billion net loss in the first quarter due to the slump in the bitcoin price during the beginning of the year. "Our ability to sell bitcoin either to buy U.S. dollars or sell bitcoin to buy debt if it's accretive to bitcoin per share is something that we would consider doing going forward," Phong Le, president and CEO of the company, said on the earnings call Tuesday evening. In December, Strategy established a U.S. dollar reserve , which now holds $2.25 billion, to ensure it can meet its obligations to pay dividends on its preferred stock and interest on its outstanding debt. The company has been funding its bitcoin purchases by issuing new equity and debt. "We will sell bitcoin when it's advantageous to the company," Le said later on the same call. "We're not going to sit back and just say, 'We'll never sell the bitcoin.' We want to be net aggregators of bitcoin – increasing our total bitcoin, but more importantly, increasing our bitcoin per share because we think that is what is going to be most accretive long term for MSTR." Shares were lower by 3% in after hours trading. Stock Chart Icon Stock chart icon Bitcoin's 2026 price slump Bitcoin pe...
Earnings Call Insights: American Electric Power (AEP) Q1 2026 Management View "We are pleased to report first quarter 2026 operating earnings of $1.64 per share or $891 million" and "reaffirming our full year 2026 operating earnings guidance range of $6.15 to $6.45 per share" (Chairman, President & CEO William Fehrman).
Earnings Call Insights: American Electric Power (AEP) Q1 2026 Management View "We are pleased to report first quarter 2026 operating earnings of $1.64 per share or $891 million" and "reaffirming our full year 2026 operating earnings guidance range of $6.15 to $6.45 per share" (Chairman, President & CEO William Fehrman).
Earnings Call Insights: Onto Innovation (ONTO) Q1 2026 Management View "The Onto Innovation team is off to an outstanding start to the year as the momentum in our business continues to build in support of strong demand for AI compute," said
Earnings Call Insights: Onto Innovation (ONTO) Q1 2026 Management View "The Onto Innovation team is off to an outstanding start to the year as the momentum in our business continues to build in support of strong demand for AI compute," said
Crude-oil futures fell late Tuesday after President Donald Trump said his latest effort to partially reopen the Strait of Hormuz would be paused, to buy more time to reach an agreement to end hostilities with Iran.
Crude-oil futures fell late Tuesday after President Donald Trump said his latest effort to partially reopen the Strait of Hormuz would be paused, to buy more time to reach an agreement to end hostilities with Iran.
A teenage boy shot dead two staff members and injured two other people, including a student, at a school in northeast Brazil on Tuesday, prompting panicked students to try to escape over a wall, authorities and a witness said. A 13-year-old boy was arrested over the attack at Sao Jose Institute in Rio Branco, the capital of Acre state, the local government said in a statement. Eduardo Rodrigues Ca...
A teenage boy shot dead two staff members and injured two other people, including a student, at a school in northeast Brazil on Tuesday, prompting panicked students to try to escape over a wall, authorities and a witness said. A 13-year-old boy was arrested over the attack at Sao Jose Institute in Rio Branco, the capital of Acre state, the local government said in a statement. Eduardo Rodrigues Cavalcante, who works as a receptionist at a hotel next to the school, said that when the shooting...
SAP plans to buy German AI startup Prior Labs and invest heavily in it. It is also prohibiting customers' agents use to a select few like Nvidia's NemoClaw.
SAP plans to buy German AI startup Prior Labs and invest heavily in it. It is also prohibiting customers' agents use to a select few like Nvidia's NemoClaw.