Robin Brooks, Senior Fellow at The Brookings Institution and former Chief FX Strategist at Goldman Sachs, believes the Brazilian Real is poised to grow, as the currency’s value has been consistently rising since 2025. Two key drivers will benefit the Brazilian real: the end of the Middle East conflict and the rising uncertainty in the
Strategy President and CEO Phong Le said the company’s value extends beyond its bitcoin holdings because of its enterprise software operations, compliance infrastructure, and global scale. Strategy reported its strongest software quarter in a decade, including 59% cloud revenue growth and more than 3,000 customers worldwide. Key Takeaways: Strategy highlighted enterprise software operations as a
South Korea’s joint investigation team has confirmed what many suspected: the fire aboard the HMM Namu on May 4 was caused by external strikes, not an accident. Two unidentified aerial objects hit the cargo vessel as it transited the Strait of Hormuz, damaging a 7-by-5-meter section of the hull and igniting a blaze that, mercifully,
Iran has delivered its response to a U.S. ceasefire proposal through Pakistani mediators. This development adds a new layer of uncertainty for global markets. The proposal was designed to reopen the Strait of Hormuz and restart discussions on Iran’s nuclear program, reports The Guardian. After the response was passed to Pakistan, it was forwarded to
President Donald Trump has escalated his campaign against Fed Chair Jerome Powell to a level that’s making markets genuinely uncomfortable. Trump stated he would fire Powell if he does not resign, proposing former Fed governor Kevin Warsh as a replacement. The threat represents the most direct challenge to Federal Reserve independence in modern American history.
Iran has fired back at a US peace proposal with a counterproposal of its own, and the demands are steep: a permanent ceasefire, full sanctions relief, withdrawal of US troops, and security guarantees. The proposal, mediated by Pakistan and delivered in early May, also insists on Iranian control over the Strait of Hormuz and a
Cerebras Systems, the AI chipmaker that has spent years positioning itself as the anti-Nvidia, is finding out just how hungry Wall Street is for that pitch. The company has raised its IPO price range due to overwhelming investor demand, with the offering reportedly oversubscribed by more than 20 times. Orders have exceeded $10 billion for
The cryptocurrency market is preparing to close a volatile week in positive territory. With several critical economic data releases from the US and renewed clashes in the US-Iran conflict, Bitcoin is poised to close the week with a loss of approximately 3%. On the other hand, the Bitcoin and altcoin index, which is based on
The Federal Reserve just held interest rates steady at 3.50%-3.75%. That part was expected. What wasn’t expected: four Fed presidents voted against the decision, arguing the central bank should have signaled potential rate hikes instead. That level of internal disagreement hasn’t happened in over 30 years. And it tells you everything about how dramatically the
Strategy’s STRC, the company’s perpetual preferred stock, finished Friday’s trading session back at $100 par. The rebound provides the firm with an opportunity to sell equity and fund additional Bitcoin purchases. STRC ended May 8 at $99.99 and reached $100 in extended trading, with liquidity at over $218 million. It took 10 trading sessions for