Meanwhile, BitMine added 71,252 tokens worth $154 million to its stockpile, the highest buying pace since December.
Category: Business
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Iran war winners Dow, LyondellBasell downgraded by Bank of America
BofA analysts think this year’s war-related surge for petrochemical prices likely won’t last.
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Median house price in San Francisco hits $2.15 million
The AI boom is pushing San Francisco housing prices to dizzying heights.
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Strategy reports more than $14 billion unrealized loss as bitcoin remains stuck in tight range
Bitcoin managed to briefly cross $70,000 for the first time in April, but it couldn’t hold the line.
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Report: OpenAI on track to burn $85 billion in 2028, expects profitability by 2030
As they race toward an IPO, OpenAI and Anthropic project staggering losses through the end of the decade, according to financials seen by The Wall Street Journal.
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BNY and Robinhood to run “Trump accounts”
So-called “Trump accounts” were part of the One Big Beautiful Bill Act, which sees the government contribute $1,000 toward an investment account for each child born in 2025 through 2028.
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Memory stocks forget TurboQuant and remember how to rally
With Monday’s early gains, US memory stocks (ex Micron) have now recovered all their post-TurboQuant declines.
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“Super Mario Galaxy Movie” delivers holiday weekend records for theater chains
Nintendo’s latest Mario movie opened to $372.5 million at the global box office over the long weekend.
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Paramount reportedly receives $24 billion from Gulf funds to back its Warner Bros. takeover
Saudi Arabia’s PIF will provide about $10 billion, according to Wall Street Journal reporting.
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Applied Optoelectronics jumps after hyperscaler more than doubles its recent order
Optics and networking stocks have been on fire.
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OpenAI’s leadership reportedly disagrees about when to raise money and how to spend it
A strategic divide in the C-Suite.
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US job growth crushes estimates in March, with the unemployment rate unexpectedly dipping to 4.3%
A big bounce back in the labor market after a negative report in February.
