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Michael Saylor’s Strategy Falls After Mizuho Cuts Bitcoin Forecast, Trims MSTR Target – ‘Crypto Winter Remains Intact’
Mizuho reduced its price target on MSTR’s stock to $265 from $320 but maintained its 'Outperform' rating after slashing its year-end forecast on Bitcoin. It noted Strategy's roughly $2 billion cash reserve, which management says can cover about two years of...
– Save Change World (SCW) Articles –
Bessent ‘Optimistic’ Gas Will Drop to $3 Per Gallon Over Summer
Treasury Secretary Scott Bessent said he was “optimistic” that the price of gasoline will abate over the crucial summer driving season, retreating back to $3 a gallon. “I’m optimistic that sometime between June 20 and September 20, that we can have $3 gas again,”...
Avis’s 200% Surge Lures New Shorts Eyeing Trip ‘Back to Reality’
A three-fold surge in the shares of car rental company Avis Budget Group in just two weeks has punished short investors betting against the stock. But the bears are not giving up; if anything, they are doubling down. Short interest in the company as a percentage of...
Singapore Bonds Surge Past Treasuries on Liquidity, Haven Demand
Singapore government bonds are extending their outperformance over US Treasuries to levels not seen since 2007, as a drop in local interbank borrowing costs points to a surge in haven demand. By tightening monetary policy this week, the Monetary Authority of...
Wells Fargo Misses Lending Estimate, Sending Shares Plunging
Wells Fargo & Co. fell short across its primary income streams in the first quarter, pushing shares down as the bank reworks its business mix in a bid to accelerate growth. Net interest income, the difference between what the company makes from lending and pays...
China’s Petrochemical Producers Idle Capacity as Margins Crumble
China’s petrochemical producers, which supply textile and plastics factories, have cut operations to their lowest seasonal level in three years as rising feedstock costs and soft export demand squeezes margins. Several major makers of purified terephthalic acid —...
Banks Tally $100 Billion of Private-Credit Loans as Calm Urged
Wall Street banks reported at least $100 billion of exposure to private-credit firms, offering a glimpse at what has become a closely watched industry with many investors on edge over credit quality and the growing impact of artificial intelligence. Wells Fargo &...
Investors Brace for Economic Growth Shock, BofA Survey Shows
Global investors grappling with the fallout from the Iran war have slashed their expectations for economic growth by the most in four years, according to the latest Bank of America Corp. survey of fund managers. Expectations for inflation, meanwhile are at an almost...
BlackRock’s Asia Private Credit Fund Sees China Borrower Default
A BlackRock Inc. private credit fund in Asia has suffered the first default by a borrower in its portfolio after a Chinese company failed to repay a loan, according to people familiar with the matter. The delinquency occurred on April 1, after Metcold Holdings Ltd., a...
Ukraine Says It Hit Fertilizer Plant in Northwestern Russia
Ukraine said it hit a fertilizer plant in northwestern Russia, as the military steps up strikes on industrial facilities to curb revenue for commodity exporters. The Apatit JSC plant, situated in Russia’s Vologda region, was attacked as it produces raw materials for...
Goldman CEO Sees Noise Persisting on Retail Private-Credit Funds
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said that while retail investors have been worried about private credit — and the sector will continue to cause some concern — his bank has few issues in the space and continues to see it as attractive....
