Analysts at Bernstein view Bitcoin's current 54% drawdown as a positive sign of market maturation, noting it is significantly shallower than the 75-90% corrections of past cycles.
The company disclosed a significant unrealized loss on its digital assets for the second quarter and sold over 3,500 bitcoin to fund preferred stock distributions and replenish cash reserves, according to a recent regulatory filing.
Investment bank Macquarie has reduced its 2026 earnings and revenue forecasts for Macau's casino operators, citing weaker-than-expected gross gaming revenue and near-term headwinds.
Mall-focused real estate investment trusts returned 22.4% in the second quarter of 2026, nearly doubling the broader REIT market's gain, according to a new report from Stifel. The strong performance came despite a significant increase in short interest across the sector.
Donald Tang, the public-facing executive chairman of fast-fashion giant Shein, will transition to an advisory role as the company's protracted initial public offering process nears its conclusion, according to sources familiar with the matter.
European natural gas futures jumped to their highest level in over a month after reports of the Strait of Hormuz's closure amid escalating U.S.-Iran hostilities stoked fears of a major disruption to global LNG supplies.
A record-breaking heatwave in late June across Western Europe was linked to more than 10,000 excess deaths, according to official data, with the elderly population being the most severely affected.
Analysts at Bernstein argue that semiconductor equipment stocks are not as tightly correlated with memory shares as some investors believe, citing historical periods of significant performance divergence.
The immuno-oncology company secured up to $340 million in a deal led by life sciences investors, extending its financial runway and funding a pivotal Phase 3 study for its botensilimab and balstilimab combination therapy.
