MicroStrategy insiders buying newly issued preferred stock. Retailers looking at stablecoins, pushing back against high credit card fees. DOJ probing Google’s proposed purchase of Cybersecurity firm Wiz, and, Trump reports $600 million in income in 2024. Jane King with the latest from the NYSE.
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Thanks, Rey.
Four micro strategy insiders paid a total of $1.3 million to buy in the company's latest offering of preferred stock.
This trade happened on June 6th.
MicroStrategy is offering an 11.75% yield on new preferred stock deal.
The company stands to gain if Bitcoin appreciates at a higher annual rate than it is paying on the preferred dividends. are considering stablecoins to push back on high credit card fees.
The Wall Street Journal reports Walmart and Amazon are exploring issuing their own stablecoins.
Expedia Group and other large companies such as airlines have also discussed potential efforts to issue their own stablecoins.
Well, Justice Department antitrust enforcers are reviewing whether Google's planned $32 billion acquisition.
Of cybersecurity company Wiz would illegally limit competition in the marketplace.
Such inquiries include discussions with the merging companies as well as competitors and customers.
The review, which is in its early stages, could last months more.
It will ultimately determine whether US officials let the deal proceed, and Donald Trump reported more than $600 million in income from crypto, golf clubs.
Licensing and other ventures and a public financial disclosure report released on Friday.
The annual Financial Disclosure forum, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth.
Some of his businesses in areas like crypto benefit from US policy shifts under him and have become a source of criticism, and that's the latest headlines.