
Angola Taxi Drivers Plan Three-Day Strike Over Higher Fuel Costs
The protests are scheduled to take place July 28-30 in seven of the country's biggest cities, according to the New Alliance of Taxi Drivers of Angola, or Anata. It comes after the government increased fares for public-transport, which includes taxis, by as much as 50% this month as it cuts fuel subsidies.
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Bloomberg
36 minutes ago
- Bloomberg
Zambia Gets $184 Million From IMF After Pledging Faster Reforms
The International Monetary Fund agreed to immediately disburse $184 million to Zambia, after the country agreed to expedite reforms to boost economic growth and collect more taxes. The disbursement brings to $1.55 billion the amount the southern African nation has received under a 38-month IMF program that's due to end in October, the Washington-based lender said in a statement Friday.
Yahoo
an hour ago
- Yahoo
MicroStrategy Rises 131% in a Year: Buy, Sell or Hold the MSTR Stock?
MicroStrategy MSTR, doing business as 'Strategy,' shares have appreciated 131% in the trailing 12 months, outperforming both the Zacks Computer - Software industry and Zacks Computer and Technology sector that have returned 22.2% and 22.8%, is the world's largest bitcoin treasury company, holding 607,770 Bitcoins as of July 20, 2025. In July, Strategy acquired 6,220 Bitcoins for $739.8 million. MARA Holdings MARA, Riot Platform RIOT and Tesla TSLA are other well-known companies that hold bitcoins in their respective balance sheets. As of March 31, MARA Holdings and Riot Platforms had 47,531 and 19,223 bitcoins, respectively, while Tesla had 11,509 bitcoins at the end of the second quarter of shares have outperformed Tesla and Riot Platform, shares of which have jumped 42.7% and 26.3% respectively, in the past year. MARA Holdings shares have dropped 21.9% over the same time frame. MSTR Stock's Performance Image Source: Zacks Investment Research MSTR stock is currently trading above the 200-day moving average, indicating a bullish trend. MSTR Stock Trades Above 50-Day and 200-Day SMAs Image Source: Zacks Investment Research MSTR Benefits From Growing Bitcoin Holding Strategy benefits from the Trump administration's announcement of the establishment of a strategic bitcoin reserve. Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. The passing of the GENIUS Act on July 17 provides a legal background to stablecoins. Other pending regulations — The CLARITY Act and The Anti-CBDC Surveillance State Act — bode well for cryptocurrency enthusiasts. However, bitcoin's volatility is a headwind for MSTR. The company's disciplined approach to capital raising through preferred equity offerings — Strike (8% convertible preferred is trading with an effective yield of roughly 9%) and Strife (10% fixed coupon perpetual preferred) — is a key catalyst. As of April 28, 2025, MSTR raised $6.6 billion through equity offerings and $3.4 billion through fixed income ($2 billion from convertible notes, $0.7 billion each through Strike and Strife).Strategy estimates to generate net proceeds of $2.474 billion from the initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (the 'STRC Stock'), at a public offering price of $90 per has issued $20.9 billion in equities and $6.4 billion in fixed income securities as part of its 21/21 plan since Oct. 30, 2024. The company has $14.6 million remaining under fixed income securities and $0.1 million under equities as part of the existing plan. Strategy currently plans to raise $42 billion through equity issuance and $42 billion through fixed income securities by the end of 2027. Under the current plan, the company has $21.1 billion in equity and $35.6 billion in fixed income securities remaining to be issued. Infusion of AI Features Aids MSTR's Prospects Strategy is expanding AI capabilities with the general availability of Mosaic, an AI-powered Universal Intelligence Layer. This launch aligns with the company's shift toward cloud-first, subscription-based services. Strategy is benefiting from growing software subscription revenues that surged 62% year over year to $37.1 million and accounted for 33% of first-quarter 2025 total revenues. Subscription billings grew 38% year over year to $24.5 million. Mosaic complements this growth by allowing customers to integrate data from over 200 sources, automate semantic modeling and deliver AI-ready insights across tools like Power BI, Tableau and company benefits from continuing cloud demand with its flagship Strategy One that powers some of the largest analytics deployments in the world. Strategy One supports varied industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Strategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across rich partner base that includes the likes of Amazon Web Services, Microsoft, STACKIT, and Google is a growth driver. Earnings Estimates Revision Trend Steady for MSTR For second-quarter 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 12 cents per share over the past 30 days. The company reported a loss of 76 cents in the year-ago quarter. MicroStrategy Incorporated Price and Consensus MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote For 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at $15.73 per share over the past 30 days. The company reported a loss of $6.72 per share in 2024. Here's Why MSTR Stock is a Hold Now Strategy shares are overvalued, as suggested by the Value Score of F. In terms of Price/Book, Strategy is trading at 3.0X compared with Mara Holdings' 1.63X and Riot Platforms' 1.78X, suggesting a premium valuation. MSTR Vs. MARA Valuation Image Source: Zacks Investment Research MSTR Vs. RIOT Valuation Image Source: Zacks Investment Research Strategy benefits from its growing bitcoin holdings and increasing subscription revenues. However, challenging macroeconomic conditions and uncertainty about tariffs increase volatility in bitcoin trading. Stretched valuation is a currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a better entry point to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
an hour ago
- Yahoo
China's $733 Billion Warning: Why Investors Can't Ignore This Red Flag
China just posted a record-breaking 5.25 trillion yuan ($733 billion) budget deficit for the first half of the yeara 45% jump from the same period in 2024. Behind that number? A government pulling every fiscal lever it can to keep growth on track as exports to the US take a hit. While American tariffs remain elevatedroughly 30 percentage points higher than a year agoBeijing has doubled down on infrastructure and domestic spending to compensate for weakening external demand and a bruised property sector. Warning! GuruFocus has detected 9 Warning Signs with MSTR. So far, that strategy has bought time. GDP grew 5.3% in the first six months, running ahead of the government's full-year target. But under the surface, cracks are showing. Fiscal revenue fell 0.6% year-on-year, tax collections dropped 1.2%, and land salesa key source of fundingslipped another 6.5%. Meanwhile, total government spending rose 9% to nearly 19 trillion yuan, driven by capital-heavy projects and social support. For investors, that paints a mixed picture: growth is holding up, but the cost is rising fast. All eyes now turn to two events on the horizon: a high-level economic policy meeting in Beijing and fresh trade negotiations between Chinese and US officials. What happens next could shape the outlook not just for China's fiscal stance, but for any company exposed to cross-border flowsparticularly those like Tesla (NASDAQ:TSLA), which depend on both Chinese consumers and manufacturing capacity. If tariffs rise or growth slows, earnings leverage across sectors could swing hard in either direction. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data