Articles by: Brian McColl

MicroStrategy Shares Plunge 5% Ahead of $500M Stock Sale

Key moments MicroStrategy’s share price experienced a significant drop on Tuesday, falling 5% and dipping below $280. Strategy aims to raise $500 by selling 5 million perpetual preferred shares. Strategy appears to be taking a cautious approach, as indicated by the scale of its recent Bitcoin purchases. $500M Preferred Stock Sale Set to Aid MicroStrategy […] Read more

EUR/USD Holds Above 1.0910 After Reaching Five-Month High

Key moments The EUR/USD surged to a five-month high near 1.0950 before retracting. However, the euro demonstrated resilience, stabilizing above the 1.0910 level. The Euro’s recent gains are largely attributed to the anticipation of Germany’s potential relaxation of borrowing rules. The US Dollar is under pressure ahead of the Federal Reserve’s expected rate hold. President […] Read more

Alphabet Nears $30B Wiz Deal to Boost Cloud Security

Key moments Alphabet is reportedly in advanced negotiations to acquire cybersecurity startup Wiz for $30 billion. This possible acquisition comes after a prior $23 billion agreement was terminated, primarily because of anxieties related to investors and antitrust issues. The acquisition aims to strengthen Alphabet’s cloud computing offerings through Wiz’s enhanced security capabilities. Alphabet’s Pursuit of […] Read more

Intel Shares Jump 6.82% to $25.69, New CEO’s Appointment Prolongs Market Enthusiasm

Key moments On Monday, Intel’s share price increased by 6.82%, closing at $25.69 and signaling a strong positive reaction from investors. Since Lip-Bu Tan officially took over as CEO on Tuesday, Intel’s pre-market trading saw shares achieve a surge of almost 1%. It appears Tan plans to streamline Intel’s management and revitalize chip manufacturing, as […] Read more

U.S. Natural Gas Futures Down 2% as Supply Outpaces Demand

Key moments U.S. natural gas futures saw a significant 2% drop on Monday, with further declines observed on Tuesday. A combination of record-breaking domestic gas production and forecasts of unseasonably warm temperatures through early April are the primary factors behind the recent decrease in price. European natural gas markets also experienced volatility, with European futures […] Read more

DAX Starts at 23,266 EUR as German Fiscal Reform Vote Approaches

Key moments DAX opens at 23,266 EUR, reflecting investor optimism surrounding Germany’s impending fiscal reform vote. Anticipated parliamentary approval of a €500 billion infrastructure fund and related fiscal measures drives sector-specific gains, notably in banking, construction, and defense. Market sentiment remains sensitive to potential US-EU trade tensions and the trajectory of central bank policies, creating […] Read more

U.S. Bitcoin ETFs See $274M in Net Inflows, Bitcoin Lingers Near $83,000

Key moments A $274 million influx into U.S. Bitcoin ETFs on Monday, a six-week high, ended weeks of outflows. All five Bitcoin ETFs reported net inflows, with Fidelity’s FBTC leading at $127.3M, followed by ARKB ($88.5M) and IBIT ($42.3M). The price of Bitcoin remained largely unchanged, fluctuating between $83,000 and $84,500. Bitcoin ETFs Gain Momentum […] Read more

S&P 500 and Dow Climb, Nasdaq Dips 0.38% Amid Growth Concerns

Key moments The S&P 500 and Dow Jones posted gains on Monday, while the Nasdaq Composite experienced a 0.38% decline to below 17,690. Worries regarding a potential recession were fueled by the recent commentary of Treasury Secretary Scott Bessent. Market forecasts are being adjusted downward due to growing anxieties about future economic growth, signaling a […] Read more

AMD Stock Jumps 1.93% to $102.92, RX 9070 Series Achieves 45% Market Share in Japan

Key moments AMD shares saw a notable pre-market increase of 1.93%, reaching $102.92. A notable 45% of the Japanese GPU market is now held by AMD’s RX 9070 series, according to official company statements. Reports indicate that TSMC has approached major U.S. chip designers, including AMD, to discuss potential investments in a joint venture overseeing […] Read more

Okta Shares Climb 5.55%, Increased Institutional Investor Activity Reported

Key moments Institutional investors, including Steward Partners Investment Advisory LLC, increased their holdings in Okta, Inc. during the fourth quarter. Okta’s stock opened with a 5.6% increase on Monday, and analysts’ ratings generally indicate a “Moderate Buy” consensus. Corporate insiders, including the CEO, executed significant sales of Okta stock in recent months. Okta, Inc. Sees […] Read more