Author: Daniel Wilson

(Bloomberg) — Michael Saylor is stepping up plans to tap capital markets to accelerate Strategy’s Bitcoin buying binge, saying the firm will issue up to $21 billion of preferred stock and use the proceeds to buy more of the cryptocurrency. Most Read from Bloomberg The 8% series A perpetual-strike preferred shares, which are convertible into class A common stock, will be sold in an “at the market offering” program, the company said in a press release on Monday. The sales of preferred stock— rare, debt-like securities — would build on a deal the company struck in January when it raised…

Guardant Health’s (NASDAQ:GH) Q4: Beats On Revenue Diagnostics company Guardant Health (NASDAQ:GH) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 30.2% year on year to $201.8 million. Its GAAP loss of $0.90 per share was 12.4% below analysts’ consensus estimates. Is now the time to buy Guardant Health? Find out in our full research report. Revenue: $201.8 million vs analyst estimates of $192.6 million (30.2% year-on-year growth, 4.8% beat) EPS (GAAP): -$0.90 vs analyst expectations of -$0.80 (12.4% miss) Management’s revenue guidance for the upcoming financial year 2025 is $855 million at the midpoint Operating Margin: -62.4%,…

(Bloomberg) — Bond traders are signaling an increasing risk that the US economy will stall as President Donald Trump’s chaotic tariff rollouts and federal-workforce cuts threaten to further restrain the pace of growth. Most Read from Bloomberg Speculation that Trump would pour stimulus onto the nation’s expansion — and keep upward pressure on Treasury yields — is being rapidly swept aside less than two months into his presidency. Instead, traders have been piling into short-dated Treasuries, pulling the two-year yield down sharply since mid-February, on expectations the Federal Reserve will resume cutting interest rates as soon as June to keep…

(Bloomberg) — Equities and Treasury yields fell on Monday as concerns about the health of the US economy weighed on investors’ appetite for risk. Most Read from Bloomberg A gauge of Asian shares dropped as equity futures contracts for the S&P 500 declined 0.4% and those for the tech-heavy Nasdaq 100 also fell. Treasury yields slipped across maturities as investors sought the safety of fixed income assets. The shift toward havens lifted both the yen and the Swiss franc, while a gauge of the dollar held just shy of its lowest since November as confidence in further US economic outperformance…

(Bloomberg) — An unprecedented accumust weekation of power in Indonesia’s corporate st weekandscape is fueling investor concern about political influence and transparency in Southeast Asia’s biggest equity market. Most Read from Bloomberg Newly launched sovereign wealth fund Danantara — which has a direct reporting line to President Prabowo Subianto — announced last month it would take over management of seven state-owned enterprises. Its holdings include three of the nation’s biggest banks, with total assets of more than $340 billion. Worries about the deal sent shares tumbling by the most in weeks, pressuring a stock market that’s already one of the…

European defense stocks surged on Monday after leaders met with Zelenskyy in London. Ukraine’s president left Washington on Friday without a minerals deal after clashing with Trump. Rheinmetall, BAE Systems, and Leonardo rose sharply amid expectations of higher defense spending. European defense stocks surged again on Monday as the UK, France, and Ukraine agreed to work on a peace deal following Volodymyr Zelenskyy’s clash with President Donald Trump. European leaders met with the Ukraine president in London on Sunday. Expectations of rising demand for weapons and other military equipment are behind the stock surges on European markets. UK Prime Minister…

Brandon Bell / Staff / Getty Images The latest Consumer Price Index due Wednesday will show whether inflation eased in February. Jobs data and consumer sentiment surveys are also scheduled for release this week. Oracle and Adobe are set to report earnings, along with Dick’s Sporting Goods, Ulta Beauty, Dollar General, and more. The latest reports on inflation, jobs, and consumer sentiment could be in the spotlight this week, with Wednesday’s release of the Consumer Price Index (CPI) offering a key update on price pressures in February. Investors will also be watching for scheduled earnings reports from tech giants Oracle…

(Bloomberg) — Across financial markets, America is no longer first. Most Read from Bloomberg Just weeks ago, investors were hailing Donald Trump’s return to the White House as a reason to bet that his blend of tax cuts and tariffs would supercharge economic growth, in turn boosting US stocks and the dollar at the expense of international peers. The so-called Trump trades were on. Now that mood has quickly soured. The president’s on-again-off-again trade war, aggressive posture toward Ukraine and a wave of Elon Musk-driven government cuts have united with a suddenly weakening economy to undermine sentiment. The Trump bump…

(Bloomberg) — The Canadian dollar and Mexican peso slumped after President Donald Trump affirmed the launch of 25% tariffs on products from both nations beginning Tuesday, the latest in a string of trade announcements from the administration that have buffeted investors in the $7.5 trillion-a-day foreign-exchange market. Most Read from Bloomberg The loonie dropped as much as 0.6% to 1.4542 and the peso slid 0.9% to 20.75 against the US dollar on Monday, touching the weakest levels since Trump’s previous tariff deadline — for early February — caused traders to sell the Canadian and Mexican currencies. The Bloomberg Dollar Spot…

Zscaler’s (NASDAQ:ZS) Q4 Sales Beat Estimates, Stock Soars Cloud security platform Zscaler (NASDAQ:ZS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 23.4% year on year to $647.9 million. The company expects next quarter’s revenue to be around $666 million, close to analysts’ estimates. Its non-GAAP profit of $0.78 per share was 12.7% above analysts’ consensus estimates. Is now the time to buy Zscaler? Find out in our full research report. Revenue: $647.9 million vs analyst estimates of $634.4 million (23.4% year-on-year growth, 2.1% beat) Adjusted EPS: $0.78 vs analyst estimates of $0.69 (12.7% beat) Adjusted…