Iran Fires Missiles At Israel In First Since April, After IDF Airstrike On Beirut 'Crossed All Red Lines'

Strategy Buys $370M Of Bitcoin In First Purchase Since June Via Decrypt.co, Strategy has started buying Bitcoin again after a summer spent selling it. The Bitcoin treasury company picked up 4,603 BTC for $369.7 million in the week to August 30, at an average of $80,318 apiece, according to a filing with the Securities and Exchange Commission. That takes its stack to 845,050 BTC, bought for $63.73 billion at an average of $75,412. It paid for the purchase by issuing stock. Strategy sold 4,531,421 MSTR shares through its at-the-market programme over the same week, raising $602.8 million net of commissions. Bitcoin...

Key Events This Week: CPI, PPI, Retail Sales, Warsh Testifies, China Data, And Earnings Galore As well as two epic World Cup semi-finals before that, and the start of the Open golf it’s a packed week ahead in markets, writes DB's Jim Reid. The headline events are tomorrow’s US CPI and Wednesday’s US PPI, alongside Fed Chair Warsh’s first Humphrey–Hawkins testimony before the House Financial Services Committee (tomorrow) and the Senate Banking Committee (Wednesday). Elsewhere, key data includes China’s Q2 GDP and their monthly data dump (Wednesday) and the UK’s May...

With Its War On Prediction Markets, The Gaming Lobby Plays A Bad Hand Authored by Dean Heller via RealClearMarkets, There's a saying in Vegas, the house always wins. I represented Nevada in Congress for more than a decade and I can attest to the truth behind that phrase. But what I learned is that it's rarely a fair fight. The gaming industry works to stack the odds against competition, whether it's at the tables, in courtrooms, or in the halls of Congress. It was never a fair fight, which is why the...