FlowBank's hand-curated fresh financial news [header_noDither] MicroStrategy Boosts Bitcoin Holdings MicroStrategy, led by Michael Saylor, has significantly increased its Bitcoin investment, raising $782 million through a debt sale to purchase an additional 12,000 bitcoins. This acquisition brings the company's total Bitcoin holdings to 205,000, valued at over $15 billion as the cryptocurrency's value surges. The software company, now serving as a Bitcoin investment proxy, has seen its stock price soar alongside Bitcoin's rise, highlighting its strategic shift towards digital currency investment since mid-2020. This move reflects Saylor's bullish outlook on Bitcoin, predicting increased institutional investment and a positive impact from the upcoming halving process. WHAT'S MOVING [Group 1742 (47)-1] [Start Trading](113/cXx8Z04/VVzfmf7-7CsQW3-c-XH3Ds3mBW70RWGB5bFxgBM1--jz2-ZVTW6N1vHY6lZ3mMW2hzbMT3vc1SzVvC4gS18C6vJW3FQG_B4LYBb0W3tWs_N4KdqbvW3c65sS6t4q2vW2qwfsm5JCcTQW5Vkr673x_kFJW6T1jYd23xhhYW607ML18CTT5LW7tTS4y1wwVMCW3XDPR061JMCRW7Vyfnn90SqfWW3ZZKJY7kNRHHW8NwGNv1mXM4gW81_wGw3LhxXgW84d5ln4GqZN3V43PFN9l_w-CW2xBbYc15jHZHW1VH-pG7tf3nsW7H7lCk8bHg2RW2qS8p_80mCkBVwlhML49VbxZd_BqKR04) [Group 1752 (39)] Nippon Steel President Biden is set to express concerns over Nippon Steel's $14.9 billion bid for U.S. Steel, causing the latter's shares to plummet nearly 13%. This move hints at potential political hurdles for the deal amid a looming U.S.-Japan summit and bipartisan U.S. opposition. [Group 3 (47)-2] Under Armour Under Armour CEO Stephanie Linnartz steps down after a year, with founder Kevin Plank returning as CEO and Mohamed El-Erian named board chair. Plank's comeback is set for April 1, as the company aims to leverage his leadership for future growth. [Group 1750 (48)] Boeing Europe's aviation regulator, EASA, may withdraw Boeing's jet production approval if necessary, amid quality control concerns. The potential move reflects deepening scrutiny over global airplane manufacturing practices. WHAT'S COMING UP? USD: Core Retail Sales (MoM) (Feb): Exp. 0.5% v Prev. -0.6%
USD: Initial Jobless Claims: Exp. 218K v Prev. 217K USD: PPI (MoM) (Feb): Exp. 0.3% v Prev. 0.3% USD: Retail Sales (MoM) (Feb): Exp. 0.8% v Prev. -0.8% IN OTHER NEWS Wall Street U.S. stock futures slightly rose on Wednesday evening, with investors anticipating an upcoming inflation update. Futures for the Dow Jones increased marginally, while S&P 500 and Nasdaq 100 futures saw modest gains. This follows a tech sector dip which affected the S&P 500 and Nasdaq Composite. Attention is now on the producer price index for February, set to be released Thursday morning. [Group 1769] Europe European stock markets have hit new highs, with the STOXX Europe 600 crossing 500 points amid a seven-week rally. Despite this surge, markets are bracing for a lower opening in anticipation of U.S. inflation data for February. Key European indexes like the FTSE 100, DAX, CAC, and FTSE MIB are set for minor adjustments, with earnings and Spain's February inflation figures due soon. MARKET INSIGHTS Bitcoin and Ether's Rally: A Closer Look at the Recent Market Surge In early March 2024, the cryptocurrency market witnessed an extraordinary surge, with Bitcoin and Ether leading the rally. The financial world watched in awe as Bitcoin shattered previous records by soaring above $72,000, while Ether marked a significant milestone, achieving a new high for 2024 at $4,065. This surge reflects a confluence of favorable market dynamics, technological advancements, and evolving regulatory landscapes. [Read more](113/cXx8Z04/VVzfmf7-7CsQW3-c-XH3Ds3mBW70RWGB5bFxgBM1--h-2-ZVTW5BW0B06lZ3pyW36W2Rg90bWmLW2wgk5g86sqySW3YfYbS9dZDhRW3xLfDF1Z2F79W2Vz_jY2RhkSwW38jZMy47mXmxV1ght83PVKZRW6Rmh0m66gzyhW1gwTJ74nXY18W4QnkkT7FD1H-W1hQnCF5w539QW4KxH0d20-nNhN7kzGzCRLvzRVc86517nm2NZW4zSmr88G1Xm0V2qy2q8JP88-W87Pw3k13dGH8W7_9tNv6SKNlkf2-C_1q04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VVzfmf7-7CsQW3-c-XH3Ds3mBW70RWGB5bFxgBM1--h-2-ZVTW5BW0B06lZ3l7W7h7qkj8MCBx1W3WLF0t2JdbMjVJbmRL3s7ZkMW7tf4_J2Gmv-JW15t-Fb5brq3XW5chlqq5SQbHtW8vR0xB7yR6kWW8s9DVq33N9v4V8V7Zz5XMbCvW8_NRLH7bnSCmVtCj8G7-Tl1wW7XdLM37qkDqVW8FsZD795p0BBW5-l5yf12vBm8VqqYGg8wkn55W5kh3Dg3bWmwNW1J66J08yXLnGVnRZMm2K62prf1DXsdj04)
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