US, Europe See Biggest Drop in CEO Confidence: Report
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
2 days ago
- Entrepreneur
Squeeze a Whole Business Book into Your Lunch Break
Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. If you're running a business, leading a team, or scaling a side hustle, chances are your "books to read" list is growing faster than the actual reading time you have available. But, there are ways around the time it takes to read an entire book. This modern app, 12min, is a productivity tool that distills the key insights from more than 1,800 bestselling titles into bite-size, 12-minute reads or audio summaries that are designed to fit your schedule. They call them micro-reads. This isn't just another summary app. It's a business resource for leaders who want to sharpen their thinking, strengthen their strategy, and keep pace with new ideas—without carving hours out of their day. Whether you're revisiting the classics like The 7 Habits of Highly Effective People or exploring the latest in marketing, leadership, or personal development, 12min helps you soak up game-changing lessons while you're commuting, working out, or waiting for your next meeting. Each micro book is crafted by real editors—not AI bots—so you get clear, accurate takeaways. Plus, you can access them offline, listen on the go, or send them straight to your Kindle. You'll get access to 30 new titles each month, unlimited downloads, and full access to categories like Leadership, Startups, Productivity, Sales, and Psychology. It's everything you've wanted to read, but finally made manageable. That means your reading list evolves with the business world, from new books on AI strategy and remote leadership to emerging insights on personal productivity. For a one-time payment, you'll have lifetime access to a resource that makes you a sharper entrepreneur, smarter manager, and more well-rounded thinker. Don't miss getting a lifetime of 12min's Premium Subscription for just $39.99 (reg. $399.90) while you can. 12min Micro Book Library: Lifetime Premium Subscription See Deal StackSocial prices subject to change
Yahoo
2 days ago
- Yahoo
Xi Has Spent Decades Preparing for a Cold War With the U.S.
Chinese leader Xi Jinping is entering trade negotiations with a grand strategy inspired by his understanding of what the Soviet Union got wrong.
Yahoo
3 days ago
- Yahoo
Wall Street's hottest debate pits Jim Chanos against Michael Saylor
One of Wall Street's most prominent skeptics, short seller Jim Chanos, is ramping up his criticism of Wall Street's most popular bitcoin trade: Michael Saylor's Strategy (MSTR). 'It makes kind of no sense,' Chanos said in a recent interview on Bloomberg's "Odd Lots" podcast, the latest in a series of public comments taking aim at the market frenzy surrounding Saylor's company. Saylor has turned a business intelligence software firm into a bitcoin juggernaut by using a combination of debt and equity to add tons of the world's largest cryptocurrency to his company's balance sheet. Strategy now holds 597,325 bitcoins worth roughly $64 billion as of June 30, making it the largest corporate holder of the digital asset. And the stock of his company has soared 210% over the past year — well above the 80% gain of bitcoin itself as well as a 13% gain for the S&P 500. The main concern about all this, which Chanos continues to hammer home in TV appearances and podcasts, is that Strategy should not be valued higher than the underlying asset it owns, and that investors should simply buy bitcoin instead of stock in a company buying bitcoin. Chanos's views carry weight on Wall Street. He has made a career out of betting against companies he believes are wrongly valued, and is most famous for predicting the downfall of Enron in 2001. Saylor's counterargument to Chanos's skepticism is that shares of Strategy are easier to own and buy than bitcoin or bitcoin exchange-traded funds due to compliance and regulatory rules. Proponents of his approach also argue that Strategy's stock trades at such a rich price to bitcoin because investors believe the company will continue to suck up more of the asset's finite supply of 21 million units. 'If you want to 10x your money, you buy bitcoin,' Saylor said in May at a conference convened to show other firms how to adopt his so-called 'bitcoin treasury' strategy. 'If you want 100x your money, you buy bitcoin with someone else's money. If you want to 1000x your money, you buy bitcoin with someone else's money and then you leverage the bitcoin.' The escalating war of words between Chanos and Saylor has captivated Wall Street as the two lob shots at one another via interviews with TV networks such as CNBC and Bloomberg. 'I don't think he understands what our business model is,' Saylor has said of Chanos, predicting that 'if our stock rallies up, he's going to get liquidated and wiped out.' Chanos has said of Saylor that he 'is a wonderful salesman, but that's what he is: He's a salesman … I call it financial gibberish.' Neither Chanos nor Saylor responded to Yahoo Finance requests for comment. So far in 2025, bets against Saylor have not worked out. Investors betting against Strategy over the last month have seen $3.6 billion in losses, according to short seller data provider S3 Partners. Chanos isn't Strategy's only critic. Investors filed two separate lawsuits in May and June in a federal court in Virginia, both of which included allegations that Strategy misled them about how the volatility of bitcoin could affect the stock. Some analysts have also raised concerns. Monness, Crespi, Hardt & Co analyst Gustavo Gala said in a recent series of notes to clients that Strategy's premium will likely come down as fixed income investors have shown limited interest in the company's convertible debt and preferred shares used to fund its bitcoin purchases, writing in early June that Strategy has 'a limited runway' to continue its approach. Gala noted that there is a growing concentration of companies pursuing a 'copycat BTC Treasury Strategy.' Dozens of other companies, from a media firm controlled by President Trump's family to meme stock poster child GameStop (GME), have piled into bets similar to the blueprint laid out by Saylor. And 'all of these compete for an ostensibly similar pool of capital,' Gala wrote in a note Tuesday. Over the first half of 2025, public companies collectively added 245,191 bitcoins to their balance sheet, more than twice as much as bitcoin holding ETFs over the same period, according to data provider Bitcoin Treasuries. The latest big name to enter the crypto treasury game is Fundstrat founder Tom Lee, who is joining bitcoin mining firm BitMine Emersion Technologies (BMNR) as chairman after joining several institutions in helping this company raise $250 million to launch an ether (ETH-USD)-focused treasury strategy. BitMine's stock price has taken off since the June 30 announcement, climbing more than 30 times its pre-announcement price of $4.26. Short sellers have had far better luck betting against imitators of Saylor as opposed to Saylor's actual company. For the month of June, they earned $549 million betting against four of Strategy's largest imitators, according to S3. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. His email is at Click here for in-depth analysis of the latest stock market news and events moving stock prices 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
