News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Stocks
Bitcoin Strategy's Preferred Stock STRC Hits Record Low
Strategy's preferred stock STRC hit an all-time low of $82.53, raising concerns about its management of fixed obligations amidst uncertainty in the market.
Mercation Admin4 min - Stocks
Strategy's STRC Preferred Stock Falls to Record Low
Strategy's STRC preferred stock has dropped to a record low of $89, halting the company's ability to raise funds for bitcoin purchases.
Mercation Admin4 min - Stocks
BitGo Stock Rises Following $50 Million Share Repurchase Amid Ongoing Struggles
BitGo's stock surged nearly 20% after the announcement of a $50 million share buyback, yet remains significantly below its IPO price.
Mercation Admin3 min - Stocks
SpaceX Makes a Splash with 20% Surge in Nasdaq Launch
SpaceX shares surged 20% in their Nasdaq debut, opening at $150 and rising to $162 after an IPO priced at $135 per share, raising $75 billion.
Mercation Admin3 min - Stocks
GameStop Extends Bitcoin Agreement Despite Minimal Impact on Profits
GameStop has renewed its Bitcoin options deal with Coinbase, tying up nearly all of its Bitcoin, which has resulted in minimal earnings despite record profits.
Mercation Admin3 min - Stocks
Direct Stock Trading on Binance Attracts $400 Million in One Week
Binance's direct stock trading service attracted $400 million in its first week, with significant participation from emerging markets and a focus on technology stocks.
Mercation Admin2 min - Stocks
Direct Stock Trading on Binance Attracts $400 Million in a Week
Binance's direct stock trading service attracted $400 million in its first week, with significant participation from emerging markets and a focus on technology stocks.
Mercation Admin2 min - Stocks
SpaceX's Pre-IPO Market on Hyperliquid Sees 27% Decline in Three Weeks
The pre-IPO market for SpaceX on Hyperliquid has dropped 27% over three weeks, although it remains above the set offer price, indicating shifting expectations.
Mercation Admin3 min - Stocks
Lenovo Shares Double in May Driven by AI Server Surge—Best Month in 27 Years
Lenovo's stock soared 109% in May, its best month since 1999, driven by record earnings and a surge in AI-related revenue.
Mercation Admin3 min - Stocks
Current Trends as Investor Focus Shifts from Crypto to AI and Semiconductor Stocks
Investor interest is shifting away from cryptocurrencies like Bitcoin and gold towards AI and semiconductor stocks as the market evolves.
Mercation Admin3 min - Stocks
IREN Shares Surge Following $1.6 Billion Dell Agreement to Enhance AI Cloud Services
IREN's stock experienced a 4% increase following a $1.6 billion deal with Dell to enhance its AI cloud services, projecting annual revenue to reach $4.4 billion by 2027.
Mercation Admin3 min - Stocks
SharpLink and Forward Industries to Join Russell Indices
SharpLink Gaming and Forward Industries are set to join the Russell 3000 and Russell 2000 indices, following the recent inclusion of BitMine Immersion Technologies.
Mercation Admin1 min