Trump's Memecoin Can Now Be Used to Buy Watches and Sneakers
GetTrumpWatches.com, GetTrumpFragrances.com and GetTrumpSneakers.com — all of which license the brand of President Donald Trump — are now letting customers checkout with $Trump, along with credit cards and Bitcoin.
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5 minutes ago
- Yahoo
6,220 Reasons to Buy MicroStrategy Stock This Week
The first public Bitcoin (BTCUSD) treasury business MicroStrategy (MSTR) is back in the news again after buying 6,220 more BTC for nearly $740 million between July 14 and July 20. The acquisitions have increased its Bitcoin reserves up to a staggering 607,770 BTC and place the company even further ahead as the top corporate Bitcoin holder. The latest comes hot on the heels of President Donald Trump's signing of the Genius Act, which has rekindled the crypto world by offering regulatory and legal clarity on digital assets, with specific focus on stablecoins. Institutional interest has reared up again too with Bitcoin back above the level of $119,000. MSTR's aggressive Bitcoin accumulation and capital raise model once again places the stock as one of the most volatile but compelling bets among crypto-related equities. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Can Lucid Motors Stock Hit $7 in 2025? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! About MicroStrategy Stock MicroStrategy (MSTR) is a Virginia company offering business intelligence software and enterprise analytics that transformed to become the first corporate Bitcoin treasury company. It now has a central strategy encompassing the purchasing and holding of Bitcoin. MicroStrategy's current market capitalization is approximately $112.8 billion. MSTR stock has experienced wild fluctuations in the last 52 weeks from a low at $102.40 to a high at $543. Despite this volatility, shares are up nearly 150% in the past year and nearly 45% in the year to date, dramatically outperforming the S&P 500 Index ($SPX) in each period. It has also performed Bitcoin during these periods, with the cryptocurrency up 80% and 27%, respectively. From a valuation standpoint, MicroStrategy is an unusual one. The stock carries a price-earnings ratio of 58.4x and an eye-popping price-sales ratio of 251.47x. With thin normalized earnings and more than a $1.1 billion net loss in the previous year, MSTR is little more than a leveraged Bitcoin proxy. MicroStrategy Beats on Bitcoin Gains The most recent quarter by MicroStrategy carried the signatures of its characteristic business model. Even though revenue declined moderately year over year to $111.1 million, the Bitcoin metrics of the company ran the show. The business incurred a massive fair value loss of $5.9 billion in response to accounting principles at the end of Q1 when the price of BTC was $82,445. However, with the price of Bitcoin now near $120,000, the company is anticipating a significant fair value gain in Q2. The company plans to report its Q2 results on July 31. Investors anticipate its release will reveal huge unrealized gains and possibly a record quarter given the timing at the end of Bitcoin's rally. What Do Analysts Expect for MicroStrategy Stock? Despite MicroStrategy's radical business model, analyst sentiment remains optimistic. MSTR has a 'Strong Buy' consensus rating. The consensus target price for MSTR is $543.62, translating into a 30% potential return from current prices. Bullish analysts have targets as high as $680, while the most negative target stands at $200, which shows the large range of sentiment created by exposure to Bitcoin. On the date of publication, Yiannis Zourmpanos did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Yahoo
5 minutes ago
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Get Ready To Thank Tariffs For Making Cheap Cars More Expensive
Brace yourself for an alarming statistic. A whopping 92 percent of new vehicles sold in the U.S. priced under $30,000 are imports. The eight percent that aren't do not exactly constitute a rounding error, but you would not be unfairly criticized if you argued that basically all America's cheap cars come from someplace else. The stat comes from and the site's Industry Insights Report for the first half of 2025, which concludes that the Trump administration's tariffs are "disproportionately affecting" the cheap car market. For the record, the only American-made cars that cost less than 30 grand are not domestic models: we're talking about the stalwart Honda Civic and Toyota Corolla. OK, technically speaking these are "American" cars because they're made in U.S. factories, but the ugly truth is that cheap vehicles from Ford and GM are imports from Mexico, China, and South Korea. According to the study, the supply of these inexpensive rides is going to dry up, triggering price increases as tariffs kick in through the second half of the year. You might ask yourself why the U.S. market relies so heavily on imports to stock the under-$30,000 segment. The answer is high labor costs in America, but that isn't the whole story. Cheap cars aren't very profitable, if they're profitable at all. GM, Ford, and Stellantis (owner of the Jeep, Chrysler, Dodge, and RAM brands) would rather sell you a more expensive pickup truck or large SUV than a compact sedan and are happy to make those vehicles in U.S. plants. Read more: These Are Your Favorite Factory Exhaust Designs Why Are All The Cheap Cars Imported? For decades, the manufacturing of small, cheap vehicles has effectively been outsourced to other countries. This has enabled American companies to remain in the segment. Tariffs are upsetting this arrangement. For auto executives, the way forward is mostly bad. Years ago, I covered a briefing at the Detroit Auto Show by then-FCA CEO Sergio Marchionne, and he was completely unflinching in his assessment of the affordable small-car market in the U.S. It was for the foreign carmakers to dominate, as in his view they had figured out how to make an acceptable margin. When interest rates were low, this arrangement actually wasn't a major issue – buyers simply financed their way into more expensive vehicles, and for years the average transaction price on new cars and trucks has been trending up (although lately its been in moderate retreat). But interest rates aren't low anymore. And with tariffs, cheap cars are about to get more expensive. There was a run on new-car sales in early 2025 when tariffs were announced, as consumers sought to snap up vehicles before the import taxes hit and the automakers rolled out incentives to move the metal off dealer lots. That phase now appears to be ending, and the U.S. market is preparing to accept a new normal. The question is whether more domestic manufacturing will come online or whether carmakers will reduce production as prices invariably rise and demand flags. Could The U.S. Market Remake Itself? I don't see a scenario in which cheap vehicles suddenly aren't imported in droves. So if tariffs aren't dialed back, the entry-level tier is set up for a world of hurt. It's depressing to consider this outcome after decades of Americans enjoying the world's most competitive market and having access to all manner of choice when it comes time to purchase a new set of wheels. Supporters of Trump's tariffs will insist that the policy will force automakers to increase U.S. production, build factories here, and ultimately hire more U.S. workers. But students of Trump's actual motives understand that what he and his trade advisors might actually want is to compel exporters to eat the tariffs, effectively paying a substantial toll for access to the U.S. market. That idea relies on prices somehow not going up, and of course Trump has jawboned the car companies to shield consumers from the well-understood economics of tariffs. They might play along. But that would mean they'll lose even more money on inexpensive cars than they are already. The logical response would be to reduce supply. In the near term, we're likely to see fewer sub-$30,000 cars available as tariffs make life far more unpleasant for the segment. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
New York Post
7 minutes ago
- New York Post
TikTok will go dark in US if China doesn't OK sale before Trump's deadline: Lutnik
Commerce Secretary Howard Lutnick said Thursday that TikTok will have to stop operating in the United States if China does not approve a deal for the sale of the Chinese-owned short video app that is used by some 170 million Americans. Lutnick, speaking on CNBC, also said the US must control the algorithm that makes the social media platform work. Last month, President Trump extended by 90 days to Sept. 17, a deadline for China-based ByteDance to divest the US assets of TikTok. Trump's action took place despite a 2024 law that mandated a sale or shutdown by Jan. 19 of this year if there had not been significant progress. Commerce Secretary Howard Lutnick warned TikTok will go dark in the US if China doesn't approve a sale to American investors. REUTERS 'China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm,' Lutnick said. 'If that deal gets approved, by the Chinese, then that deal will happen. If they don't approve it, then TikTok is going to go dark, and those decisions are coming very soon.' TikTok did not immediately comment. A deal had been in the works this spring that would spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. This stalled after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump has three times granted reprieves from federal enforcement of the law that mandated the sale or shutdown of TikTok that was supposed to take effect in January. A deal had been in the works this spring that would spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. REUTERS Attorney General Pam Bondi sent letters to Apple, Google and other companies that provide services or host the TikTok app that were made public this month. The letters said the Justice Department was irrevocably relinquishing any claims against the companies for potential violations of the law, citing Trump's determination that an abrupt shutdown would interfere with his overseeing national security and foreign affairs. Some Democratic lawmakers argue Trump has no legal authority to extend the deadline and suggest the deal under consideration would not meet legal requirements.
