Microsoft Plans Thousands Of Job Cuts As Stock Suffers Worst Start In Years

Saylor's Strategy Launches 'USD Cash' Pool After $2 Billion Raise, No BTC Buys Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, raised about $2 billion through common stock sales last week while making no new Bitcoin purchases. The Bitcoin treasury company sold 18.26 million MSTR shares between Aug. 17 and Aug. 23 through its at-the-market (ATM) offering program, according to a Monday filing with the SEC, adding a new pool of cash to its balance-sheet toolkit as part of an effort to preserve flexibility. Strategy repurchased about 1.43 million of its STRC...

US Futures Rise, Near All-Time High, As Oil, Yields Drop On US-China Diplomacy Optimism US futures are higher driven by Trump / Xi optimism around AI, Middle East, and trade with Middle East kinetic headlines over the weekend reflecting a pause to escalation. Sentiment was lifted by signs of progress on geopolitical issues: it’s a big week for talks, with Trump set for a summit with China’s Xi Jinping on Thursday and a possibility of talks with Iran’s president at the UN General Assembly. As of 8:00am ET, S&P futures are...

Meteorologists Warn About Super El Nino Event Weather forecasters are sounding the alarm about what could become a "super" El Niño event, potentially one of the strongest on record. "Strongest El Niño on record this year?!" meteorologist Ben Noll wrote on X. Noll said the latest ECMWF outlook indicates a 75% chance of a super El Niño by October, with "some scenarios suggesting the most intense event in more than a century." Strongest El Niño on record this year?! New ECMWF guidance shows a *75% chance of a super El Niño* by October,...