Elon Musk's SpaceX $75 billion IPO is creating a stir in crypto markets. Analysts debate whether the massive raise will drain liquidity from crypto or trigger a wealth effect rotation into digital assets.
Bitcoin miners are experiencing record-low profitability, with daily returns for hashing power dropping to $0.28. This crunch, coupled with surging demand for AI infrastructure, is incentivizing miners to reduce BTC holdings and potentially shift resources. Institutional inflows now significantly outpace miner output, making macro trends more influential on Bitcoin's price than miner economics alone.
A Taiwanese author shared insights from a bubble tea shop owner, revealing that profits are only about 15% of revenue. High costs for rent, materials, and labor leave minimal net profit, urging potential entrepreneurs to carefully assess business viability.
Italy's Council of Ministers preliminarily approved the "Omnibus" decree, introducing tax reforms for company cars, clarifying IRAP for Third Sector entities, and allowing Italian companies to use EU/EEA tax losses. Changes also affect inheritance and donation taxes.
CEPI and Gavi are investing over $100 million to accelerate the development of a vaccine against the Bundibugyo Ebola species, which is spreading in DRC and Uganda. The approved Ervebo vaccine targets a different strain, and new candidates face challenges including clinical trials in conflict zones and community distrust.
South Korean stocks fell Thursday, ending a three-day winning streak and retreating from record highs due to profit-taking. The benchmark KOSPI dropped 1.84% to 8,639.41, with foreigners selling heavily. The Korean won also depreciated against the U.S. dollar.
Jim Cramer's Charitable Trust is selling 50 shares of Corning (GLW) and 275 shares of Wells Fargo (WFC). The sales aim to take profits after significant rallies in both stocks.
Australian farmers are bracing for a difficult period as drought conditions and soaring input costs are projected to slash winter crop production by 21% and agricultural export values by $7 billion, according to ABARES.
Alphabet is launching an $80 billion capital increase, with Berkshire Hathaway committing $10 billion, to fund its massive AI infrastructure development. This is the first major stock sale since its 2004 IPO, driven by the escalating costs of AI, including processors and data centers for its Gemini models and Google Cloud.
South Korean officials are divided on how to use corporate profits. The Labor Minister proposes social redistribution, while the Industry Minister advocates for reinvestment to secure future competitiveness.
TotalEnergies CEO Patrick Pouyanné discusses the Middle East crisis, assuring France won't face hydrocarbon shortages but at a cost. Separately, Alstom and SNCF launch the TGV M after delays, with leaders acknowledging past friction.
Italian banks reported net profits of €47.5 billion in 2025, with cumulative profits of €209.6 billion and taxes of €43 billion between 2018-2025, averaging a 20.5% tax rate. Unimpresa deems the government's approach balanced but calls for greater tax equity for SMEs.
China's industrial profits rose 18.2% year-on-year in the first four months of 2026, accelerating from Q1. This growth, driven by optimized structures, new energy sectors, and falling costs due to effective macro policies, signals a robust economic recovery.
Retailers saw a surprisingly robust first quarter, buoyed by higher tax refunds and increased use of buy now, pay later services. However, analysts anticipate a more strained consumer in Q2 as these supports fade and inflation/gas prices exert greater pressure.
Michele Spagnuolo, a 36-year-old Italian Google software engineer, is charged with using insider information to rig bets on Polymarket, earning $1.2m in profits, highlighting regulatory concerns over prediction markets.
Patagonia sues Pattie Gonia, an environmentalist drag queen, for trademark infringement over the use of 'Pattie Gonia' for clothing and activism, claiming it would harm their brand despite both sharing environmental values.
Samsung Electronics a conclu un accord avec son syndicat pour éviter une grève, prévoyant des primes annuelles basées sur les profits de la division semi-conducteurs, bénéfiques grâce à l’IA, pour 78 000 employés
Unitree Robotics reports a 53% drop in Q1 adjusted profit to 40.3M yuan, despite 68% revenue growth to 422.8M yuan, citing increased expenses and fierce competition in the humanoid robot sector ahead of its Star Market IPO hearing.
Economist Olivier Blanchard identifies the Strait of Hormuz blockade as a critical vulnerability in globalized economies, highlighting how choke points and critical resource dependencies can disrupt supply chains. He suggests this crisis presents a historic opportunity for Europe to implement reforms.
IRDAI has urged the non-life insurance sector to establish standard definitions for 'claim' and 'claim settlement ratio' to ensure consistency and transparency in reporting, addressing discrepancies in how companies currently calculate this key financial and customer satisfaction metric.
Spain's beer market is experiencing a decline in consumption, with per capita intake falling to 52.8 liters in 2024. Despite this, major brewers like Mahou San Miguel, Damm, Heineken, and Hijos de Rivera reported record combined profits of €593 million, driven by diversification and premiumization strategies.
Americans are facing heightened financial stress due to inflation and high consumer debt, with the NFCC forecasting stress levels to remain elevated. Many are seeking credit counseling as a result.
Labor faces growing backlash over its tax changes, with critics arguing the party "shoots the messenger" by dismissing concerns as partisan attacks. The government's messaging is struggling, with "if you're explaining, you're losing" becoming a common refrain.
The US Treasury's OFAC has sanctioned over a dozen individuals and entities linked to the Sinaloa cartel, including Ethereum addresses, for their alleged involvement in laundering fentanyl trafficking profits through cryptocurrencies.
