Strategy announced its August STRC preferred shares dividend will remain at 12%, despite shares trading below their $100 par value. The company reported a significant Q2 net loss due to Bitcoin holdings but aims for shares to reach par and has built a $3.75 billion cash reserve for payouts.
A novelist and BBC presenter discusses the widespread decline in reading habits, attributing it to smartphone use and likening it to a public health crisis. Citing an OECD report on declining literacy, the author proposes an 8-week 'couch to 5k' style reading program to help individuals regain focus and intellectual health.
Nasdaq-listed Lite Strategy repurchased 4.9 million shares for $5.4 million through July 17, funded by Litecoin (LTC) sales and covered-call premiums. The transaction reduced absolute LTC holdings but increased LTC backing per outstanding common share by about 1.7%.
Lite Strategy, a Nasdaq-listed company, repurchased 4.9 million shares for $5.4 million through July 17, funded by LTC sales and covered-call premiums. This reduced Litecoin holdings but increased LTC backing per outstanding share by 1.7%, though future accretion depends on execution and market conditions.
Mercedes-Benz reported a 22% rise in Q2 operating profit to €1.55 billion, boosting shares by over 5%. However, the carmaker warned that continued weakness in the Chinese market would lead to slightly lower full-year car sales and revenue, revising previous forecasts. The company also announced plans to expand into the defense sector.
Stablecoin Development Corporation (SDEV) reported $2.2 million in Q2 staking revenue, matching its cash operating expenses. However, the company recorded a $50.6 million unrealized loss on digital assets, leading to a significant net loss, with its balance sheet dominated by Sky Protocol's SKY tokens.
Vanessa Gold confirmed an agreement to sell her family's West Ham shares to a consortium led by Amanda Staveley and Mehrdad Ghodoussi. This follows a failed deal with Daniel Kretinsky, who now reviews options including exercising pre-emption rights.
CME Group launches 55 standard and 22 Micro single-stock futures for heavily traded US companies, aiming to capitalize on modern market dynamics shaped by crypto, commission-free trading, and extended-hours activity.
A consortium led by Amanda Staveley has agreed to acquire a 25.1% stake in West Ham from Vanessa Gold's family trust. This follows a failed deal with Daniel Kretinsky and is subject to a pre-emption process for existing shareholders.
Vanessa Gold confirmed an agreement to sell the Gold family's West Ham shares to a consortium led by Amanda Staveley and Mehrdad Ghodoussi. This follows a failed bid by Daniel Kretinsky, who now opposes the deal and is reviewing options, including exercising pre-emption rights.
House of Doge's Dogecoin Ventures borrowed $1.4 million from Devlin DeFrancesco through an unsecured note, repayable in 2,227,300 CleanCore Solutions shares by July 2027. Repayment is subordinated to senior lenders, including Yorkville, raising questions about the investor's recovery path.
Carvana's stock dropped over 20% in after-hours trading after its full-year guidance of $2.7B-$3B in earnings fell short of analyst expectations, despite beating Q2 EPS and revenue estimates.
Microsoft's shares surged up to 10% pre-market after forecasting stronger-than-expected revenue and accelerating Azure cloud growth, indicating its AI investments are paying off. This positive outlook contrasts with Meta Platforms, which reported a Q2 profit decline due to legal and severance costs despite beating revenue forecasts.
Coinbase reported $1.22 billion in Q2 revenue, missing estimates, and a $359 million net loss, causing shares to fall 5% in after-hours trading. The decline was attributed to reduced crypto spot trading volume and lower crypto asset prices, despite some market share gains.
Meta's shares plunged 11% after Q2 results revealed increased AI spending plans ($130bn-$145bn) and a 14% profit drop, raising investor concerns about returns. This contrasts with Microsoft's 5% stock rise on strong earnings, despite its own significant AI investments.
Jersey Mike's debuted on the New York Stock Exchange under ticker "JMKE," opening at $21, below its $23 IPO price, and closing down 6%. The IPO raised $1 billion, valuing the company at $7.3 billion, making it one of the largest restaurant IPO fundraises. The chain plans significant international expansion.
Dubai-based crypto exchange Bybit has expanded the financial utility of blockchain-based equities by enabling six tokenized stocks, including Nvidia and Tesla, to serve as collateral for margin trading and lending products for eligible users.
Former India spinner Ravichandran Ashwin revealed his preferred squad for the 2027 ODI World Cup, categorizing players into 'Yes', 'Maybe', and 'No'. Notably, veteran pacer Bhuvneshwar Kumar was a 'Yes' pick, while Rishabh Pant and Sanju Samson were excluded from his squad.
Novo Nordisk's shares dropped significantly after its late-stage heart drug ziltivekimab failed to reduce major adverse cardiovascular events in a trial. This marks another setback for the Danish drugmaker, impacting investor confidence in its pipeline.
Ark Invest sold ~$4.4M in crypto-related stocks (Bitmine, Robinhood, Block, Bullish) as shares fell, while buying ~$14.5M in SpaceX shares across its ETFs.
Chinese stocks trading overseas are emerging as defensive plays for global investors, offering shelter from US equities and bonds due to Federal Reserve monetary policy confusion and a struggling artificial intelligence trade.
Apple warned Wall Street of "significant" supply constraints for its most popular products, including iPhones and iPads, due to unexpected demand and chip component issues. This caused shares to fall over 7%, despite the company reporting a 16% revenue increase to $109b and a 26% profit rise to $29b.
SOS Limited shareholders approved expanding the authorized share pool 100-fold, from 70 million to 7 billion, to enable future financing. This follows the crypto-linked company's $97.3M net loss in 2025 and low cash reserves, despite holding $79.1M in Bitcoin and Ethereum.
Unitree Robotics, a Hangzhou-based firm, announced its initial public offering (IPO) on Shanghai's Star Market next week, planning to sell 40.45 million shares. This move is part of a broader trend among Chinese robotics start-ups racing to go public amidst intense rivalry with US counterparts.
