Former Wall Street analyst Tom Lee, now chairman of BitMine Immersion Technologies, is defending the company's strategy of accumulating Ethereum despite facing over $6 billion in unrealized losses. Lee argues the digital asset treasury is a long-term play on the 'future of finance.'
Union Pacific Railroad has inked a landmark $1.2 billion agreement with Wabtec Corporation to modernize its AC4400 locomotive fleet, marking the largest single investment of its kind in North American rail history and signaling a major industry shift towards upgrading existing assets.
In a landmark move to boost efficiency and extend the life of its aging fleet, Union Pacific has inked a $1.2 billion agreement with Wabtec to modernize 1,700 locomotives—the largest such deal in rail industry history.
Bitmine Immersion Technologies Chairman Tom Lee has dismissed criticism over the company's $6.6 billion unrealized loss on its massive Ethereum holdings, framing it as an inherent part of a long-term strategy to track the asset's price. He challenged critics to apply the same scrutiny to mainstream ETF products during market downturns.
As Bitcoin and Ethereum plunge to yearly lows, BitMine's aggressive 'ETH treasury' strategy has resulted in massive unrealized losses. Fundstrat's Tom Lee remains a staunch defender, arguing it's a paper loss that will be erased in the next bull cycle, while the company leans into staking revenue and infrastructure development.
Wabtec Corporation and Union Pacific Railroad have inked a historic $1.2 billion agreement to upgrade 1,700 locomotives, marking the largest modernization program in North American rail history and spotlighting the industry's push for efficiency and digital transformation.
Digital asset investment products faced massive withdrawals last week, with U.S. spot Bitcoin ETFs leading the sell-off. The outflows have pushed year-to-date net redemptions past $1 billion, signaling a sharp shift in investor sentiment amid market turmoil.
Digital asset funds have recorded a second consecutive week of massive outflows, totaling $1.7 billion, as hawkish Fed signals and geopolitical tensions trigger a defensive shift. While Bitcoin and Ethereum led the retreat, tokenized precious metals emerged as a rare destination for new capital.
As demand surges post-pandemic, Royal Caribbean Group is committing billions to new ships and destinations. CFO Naftali Holtz details the balancing act between ambitious growth, shareholder returns, and leveraging AI to enhance the passenger experience.
The post-approval euphoria for U.S. spot Bitcoin ETFs has faded, replaced by a wave of redemptions as the cryptocurrency trades below key investor cost bases. With nearly $3 billion withdrawn in two weeks and average holdings underwater, the market faces a critical test of its new institutional foundation.
Union Pacific has awarded a major $1.2 billion contract to Wabtec to upgrade its AC4400 locomotive fleet, marking the fourth such modernization pact between the two since 2018 and sending Wabtec shares higher.
BitMine Immersion Technologies defends its significant unrealized losses on Ethereum, framing them as an expected outcome of its long-term treasury strategy aimed at tracking and outperforming ETH over a full market cycle, rather than a failure of execution.
Alphabet's self-driving unit Waymo has raised $16 billion in a major funding round, valuing the company at $126 billion. The capital injection aims to fuel rapid fleet and market expansion. In other news, SpaceX moves to acquire Elon Musk's xAI, and California proposes a novel state-level EV incentive program targeting first-time buyers.
The autonomous vehicle giant, backed by a consortium of major investors, plans to deploy its driverless fleet in over a dozen new international cities following a funding round that values the company at $126 billion.
Digital asset investment products have recorded a second straight week of heavy outflows, with U.S.-listed funds leading the sell-off. Analysts point to market jitters over a potential policy shift at the Federal Reserve following a key nomination by President Trump.
While UBS's global wealth management arm saw robust client inflows from Asia, Europe, and the Middle East, its Americas business suffered significant outflows, driven by ongoing advisor departures following compensation changes.
UBS Group's stock tumbled following a stark slowdown in net new asset growth at its key U.S. wealth management business, with executives warning of persistent challenges ahead even as the bank posts higher quarterly profit.
A new wave of advanced GLP-1 therapies from Eli Lilly, Novo Nordisk, and Amgen, valued at a combined $68 billion, promises to reshape the obesity treatment landscape with improved efficacy and convenience.
In the years leading up to his retirement, Warren Buffett transformed Berkshire Hathaway's portfolio, offloading major holdings like Apple and Bank of America while amassing a historic cash pile in U.S. Treasury Bills, signaling deep caution on equity valuations.
BitMine Immersion Technologies, the crypto firm championing an 'Ethereum-first' treasury strategy, is grappling with massive unrealized losses exceeding $7 billion following Ether's sharp decline below $2,100, spotlighting the high-stakes risks of corporate crypto concentration.
