Financial News with AI Impact Scores

Ross Gerber Replaces Bitcoin With Gold In Michael Saylor's Strategy To Make A Point: 'This Actually Costs Money And Destroys Value'

Investor Ross Gerber criticized Strategy Inc. (NASDAQ: MSTR) for its Bitcoin holding model, suggesting a new company focused on gold purchases instead. He highlighted that the company's shares trade at a premium to its Bitcoin value, which he believes costs money and destroys value. Strategy recently announced a $1.44 billion buffer to cover dividends and interest without relying on Bitcoin sales, while holding 650,000 BTC at an average price of $74,436. MSTR shares rose 0.31% in after-hours trading to $181.90.

'Anthropic Taps Wilson Sonsini IPO Lawyers As It Races OpenAI Toward A Potential 2026 Public Offering' - FT

Anthropic has engaged Wilson Sonsini Goodrich & Rosati as its legal counsel for an initial public offering (IPO) as it prepares to potentially go public in 2026. This move positions the company to compete with OpenAI in the rapidly evolving AI sector. The article highlights the increasing interest in AI companies going public amid growing market demand.

'Netflix Warner Bros Discovery Combo Seen Lowering Costs For Consumers Sources Say' - Reuters Exclusive

Netflix is in talks to acquire Warner Bros Discovery's studios and streaming unit, which could lead to a bundled subscription service combining Netflix and HBO Max. Sources indicate that this bundle may cost less than individual subscriptions to either service, potentially benefiting consumers. The majority of Netflix users are also HBO Max subscribers, suggesting a strong market for such a combination.

Ericsson Acquires Minority Stake In LotusFlare Alongside Strategic Partnership To Advance Network API Exposure Layer

Reported Earlier, Black Stone Minerals Enters Multi Year Drilling Program With Caturus Affiliate To Advance Haynesville Bossier Development

Scott Bessent, Ted Cruz Hail $1,000 Trump Accounts For Kids: 'This Will Transform America'

President Donald Trump has introduced 'Trump Accounts,' a savings initiative providing $1,000 government-funded accounts for every eligible newborn in the U.S. born between 2025 and 2028, aimed at enhancing their financial security. The program, supported by Treasury Secretary Scott Bessent and U.S. Treasurer Brandon Beach, will allow families to access these accounts starting July 4, 2026. Additionally, billionaire Michael Dell announced a $6.25 billion contribution to support 25 million children, further bolstering this financial initiative.

Why Did Kaixin Holdings (KXIN) Jump Over 21% After Hours?

Kaixin Holdings (NASDAQ: KXIN) shares surged 21.61% in after-hours trading, reaching $3.77, following the announcement of a securities purchase agreement for the acquisition of Zhejiang Ordinary Smile Auto Sales Co., Ltd. by its subsidiary, Zhejiang Kaixin Auto Co., Ltd. The acquisition involves issuing up to $15 million in Class A ordinary shares, contingent on meeting annual revenue targets that increase from RMB 665 million ($94.2 million) in the first year to RMB 974 million ($137.9 million) by the fifth year. Despite the after-hours gain, KXIN shares are down 93.42% year to date.

Reported Earlier, FCPT Expands Net Leased Retail Portfolio With $5.8M VCA Animal Hospital Acquisition In Strong New York Corridor

Elon Musk Says His 'Running Robot' Will 'Actually Eliminate Poverty' As He Shares Video Of Tesla Optimus Jogging

Tesla Inc. CEO Elon Musk shared a video of the company's Optimus humanoid robot jogging, marking a new milestone in its development. Musk stated that Optimus could potentially eliminate poverty and reshape the global economy, with mass production expected to begin soon at a projected price of $20,000 to $30,000 per unit. Additionally, Tesla reported a third-quarter revenue of $28.095 billion, a 12% increase year-over-year, surpassing analysts' expectations. The Optimus project experienced a leadership change in September when Ashish Kumar left to join Meta Platforms, Inc.

Why Powell Max (PMAX) Stock Traded 46% Higher After Hours?

Powell Max Ltd. (NASDAQ: PMAX) shares rose 46.7% in after-hours trading to $3.33, following a 29.71% increase during the regular session, closing at $2.27. The surge was driven by the sale of all issued shares of Bliss On Limited, the company's principal shareholder, to ECF Limited, as reported in a Form 6-K filing with the SEC. Despite this transaction, there will be no changes to the company's board composition, senior management, or business operations. PMAX has a market capitalization of $6.57 million and has seen a 90.79% decline over the past year.