Strategy is aiming to raise at least $500 million via a new preferred equity offering, selling 5 million Series A “Stretch” shares at $90–95 each with a starting 9% dividend to fund more Bitcoin purchases. The shares, marketed by major banks, are senior to most existing equity but junior to some earlier preferreds and convertibles. … Read more
Reserve Bank of Australia July meeting minutes Board agreed further rate cuts warranted over time, focus was on timing and extent of easing Board considered whether to leave rates at 3.85% or to cut by 25bps Majority agreed prudent to await confirmation on inflation slowdown before easing Majority felt cutting rates three times in four … Read more
Stellantis said Monday that Trump’s tariffs have cost the company nearly $350 million in the first half of 2025, citing direct payments and lost production. Total losses for the period could reach $2.7 billion, according to preliminary data, driven by tariff-related expenses, efforts to boost profitability, and compliance with new fuel emissions rules following Trump’s … Read more
White House pressure on the Fed risks stoking inflation and hurting markets, study finds Political interference in Federal Reserve policy tends to push inflation higher and weaken risk assets, according to a study cited by T.S. Lombard economists. The research, by economist Thomas Drechsel, tracks presidential interactions with the Fed using diary records and highlights … Read more
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here fbs.mobi
The minutes of the Reserve Bank of Australia July meeting are due today, following New Zealand trade data for June. That RBA meeting was doozy! We all went in with around a 93% or so expectation in markets for a 25bp rate cut and then … nothing! On hold. AUD shot higher. From the day … Read more
Crude oil for September delivery are settling at $65.95. That’s down $0.10 on the day. The high price reached $66.44. The low price was at $65.21. Not a lot of price action in the oil complex today This article was written by Greg Michalowski at investinglive.com. fbs.mobi
The major European stock indices are closing the day with mixed results. France and Italy show declines while Germany, UK, and Spain all advanced. The UK FTSE 100 closed at a new record level of 9012.99. The indices did close at its high, but fell short of the Friday intraday high of 9016.36. The German … Read more
The earnings calendar starts to heat up this week with Alphabet releasing on Wednesday after the close . Recall after the last earnings report back on April 24, earnings beat expectations and initially moved higher but then fell sharply on reports of the search engine giant losing market share to the other AI engines. That … Read more
The US and European 10-year yields are down sharply today. A snapshot shows: Germany 2.615%, -6.3 basis points France 3.295%, -9.0 basis points UK 4.613%, -6.0 basis points Switzerland 0.423%, -5.0 basis points Spain 3.217%, -16.9 basis points Italy 3.484%, -8.0 basis points The fall in European yields come ahead of Thursday’s ECB decision and … Read more
