Business Rundown: How 'Generation Toolbelt' Is Reshaping Blue-Collar Work
FOX Business anchor Dagen McDowell is joined by a panel of guests who emphasize the value in returning this nation to its blue-collar roots and how skilled trades will prove AI-proof in the future.
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Bloomberg
8 minutes ago
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Put the Crypto in the Index Funds
The basic situation is that the US stock market will pay $2 for $1 worth of cryptocurrency. If a small public company has a $100 million pot of Bitcoin or Ethereum or Trumpcoin or what have you, its stock will be worth at least $200 million. This trade is baffling and magical; it was pioneered by MicroStrategy Inc. (which now calls itself Strategy, and which has about a $70 billion stash of Bitcoins and a $138 billion equity market capitalization 1), and is now regularly and successfully imitated by all sorts of random small companies. I make fun of this a lot, but it is worth asking what it means that the stock market will pay $2 for $1 worth of crypto. There are in principle three sorts of answers:
