Strategy, the business intelligence company co-founded by Michael Saylor, has increased its Bitcoin holdings to more than $73 billion after a reported purchase as part of its treasury strategy. Saylor said the company had acquired 525 Bitcoin for about $60 million
U.S. companies should be allowed to report earnings every six months instead of on a quarterly basis, President Donald Trump said, in what would be a major shift for corporate America, if regulators take up his call.
Google parent Alphabet hit a market capitalization of $3 trillion for the first time, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling. Class A shares of the company were up 3.8% at $250, while Class C shares climbed 3.7%
Gold prices rose on Friday, holding close to record highs hit during the week week, as signs of a weakening U.S. labor market reinforced expectations the Federal Reserve will deliver its first rate cut of the year next week.
OpenAI has projected that by the end of the decade it will be sharing about 8% of its revenue with commercial partners, namely Microsoft, down from the current 20%. The difference between those figures adds up to more than $50 billion in additional revenue OpenAI would keep for itself
Britain’s FTSE 100 reversed earlier gains to close lower, dragged down by consumer staples and healthcare stocks, while investors assessed key domestic economic data. The blue-chip FTSE 100 closed down 0.2% but registered its second straight weekly gain.
