Strategy’s stock fell to its lowest since February after selling Bitcoin for $2.5 million amid a broader crypto decline. Strategy’s shares slumped to a four-month low on Friday, closing at $120 after dipping as low as $114, a near 7% decline. The drop followed the company’
Economists now expect the Bangko Sentral ng Pilipinas to raise rates by 75bps total in June and August amid persistent inflation risks. Standard Chartered economists have removed a 50bps off-cycle rate hike from their forecast for the Bangko Sentral ng Pilipinas ahead of i
GameStop CEO Ryan Cohen seeks to acquire eBay GameStop CEO Ryan Cohen is preparing for a potential hostile takeover of eBay. Cohen has expressed interest in owning the online marketplace. eBay shares have moved higher on the news, set to close the week in t
US jobs growth of 172K in May surpasses forecasts, lifting rate-hike bets and the dollar index. The US Dollar Index climbed to 100.10 on Friday, recovering from a session low of 99.16. The move followed a May Nonfarm Payrolls report that showed 172K jobs added, exceeding t
Anthropic embeds engineers at the NSA for offensive cyber AI operations while seeking a pause on AI development ahead of a potential $1 trillion IPO. Anthropic has stationed approximately six engineers at the National Security Agency to deploy its Mythos AI model for offen
A majority of the S&P 500's market value is now in stocks with valuations exceeding 10 times revenue, signaling elevated investor expectations. More than half of the S&P 500's total market capitalization is now in stocks trading at over 10 times sales, reflecting a sharp r
BTC falls 7.1% to $59,352.01 amid broad crypto sell-off, triggering massive derivatives liquidations in the past four hours. Bitcoin slid below the $60,000 mark, trading at $59,352.01 after hitting a low of $59,141.00, marking a 7.1% decline on the day. The drop reflects b
The index falls more than 1,000 points amid concerns over Microsoft’s potential equity market funding for AI infrastructure expansion. The NASDAQ plunged 3.84% to 25,801, hitting a session low of 25,753.93, as selling pressure intensified following reports Microsoft may se
President Trump announces meetings with leading artificial intelligence companies to explore public benefits and regulatory frameworks. President Trump revealed plans for major artificial intelligence companies to meet at the White House next week. The discussions aim to a
BoT maintains 1-day repo rate at 1.00% through 2026 and 2027 Thailand's central bank is expected to keep interest rates unchanged due to supply-led inflation. The Consumer Price Index data confirms a cost-push inflation backdrop. The authorities' formal 2026 inflati
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