MicroStrategy, a company that buys Bitcoin with money provided by investors, has returned an astonishing 3,000 percent since August 2020. But is this remarkable performance sustainable? MicroStrategy’s strategy of using “intelligent leverage” to borrow money and amass a strategic reserve of Bitcoin raises significant risks for investors. Investors may be holding the stock indirectly through … Read more
Former New York Federal Reserve Bank President Bill Dudley has expressed concerns about President-elect Donald Trump’s intention to establish a national Bitcoin reserve. Despite the cryptocurrency’s recent surge, Dudley questions its value as a means of exchange, citing issues with security and volatility. Dudley suggests that one reason some Bitcoin supporters may back policies establishing … Read more
Timothée Chalamet brought his portrayal of Bob Dylan to Minneapolis for a special preview screening and after-party. The star arrived at both The Main Cinema and the Varsity Theater, where he jumped onstage with the University of Minnesota Marching Band and flashed an “M” sign with his hands. Fans swarmed outside both venues, hoping for … Read more
MicroStrategy, a 35-year-old software company valued at $91 billion, has become one of the hottest stocks on the market. Its valuation is largely driven by its investment in bitcoin, with executive chairman Michael Saylor betting big on the cryptocurrency’s potential. The company’s strategy has been met with skepticism and excitement, as investors seek to tap … Read more
Penn State’s James Franklin is a top contender to become the first Black coach to win a college football national title, with the Nittany Lions set to face off against No. 1 Oregon in the Big Ten championship game. Franklin, 52, has been struggling to break into the elite tier of college football, despite his … Read more
This December brings two exciting meteor showers – the Geminid and Ursid – as well as a rare opportunity to view Jupiter in the night sky. First, mark your calendars for Saturday, Dec. 7, when Jupiter reaches opposition, the point in its orbit where it appears opposite the sun. This event makes Jupiter visible all … Read more
Scientists have discovered a huge trove of rare metals needed for clean energy hidden inside toxic coal waste. The study, led by the University of Texas at Austin, found that millions of tons of coal ash from power plants across the US contain up to 11 million tons of rare earth elements, worth around $8.4 … Read more
China has banned exports of critical minerals gallium, germanium, and antimony to the US market, a move that could cost the country billions. The ban is in response to expanded American restrictions on chip-related technology shipments to China. Gallium and germanium are essential for semiconductor production, used in optoelectronics, solar cells, and fiber optic cables. … Read more
The US Consumer Financial Protection Bureau (CFPB) has placed Google Payment Corp. under federal supervision, citing nearly 300 consumer complaints of fraud and scams. The company immediately challenged the decision in court, arguing that a product it no longer offers is incapable of posing risk. The CFPB said the law allows for supervision even if … Read more
As a tech reviewer, I’ve had the chance to try hundreds of devices, but the best ones solve real-world problems. This holiday season, I’m excited to share my top picks for gadgets that will make your life easier, more enjoyable, and maybe even a little more fun. First up, Fujifilm’s Instax Mini Link 3 is … Read more