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The ACT government has introduced a 5% levy on short-term rental bookings, aiming to increase housing supply and generate revenue. While the levy's impact on housing supply remains uncertain, it is expected to generate significant revenue and level the playing field with other accommodation providers.

Energy Vault Holdings Inc. (NRGV) shares are trading lower on Thursday following the company's fourth-quarter earnings and revenue miss. The company attributed the shortfall to declining lithium-ion battery prices, the timing of revenue recognition for projects in Australia, and its decision to retain $100 million in projects on its balance sheet instead of recognizing them as revenue.

FedEx Corp. (FDX) reported mixed results for its third quarter, falling short of analyst expectations on earnings but exceeding them on revenue. The company reported earnings of $4.51 per share, missing the consensus estimate of $4.54, while revenue came in at $22.2 billion, surpassing the $21.89 billion estimate.

Micron Technology Inc. (MU) surpassed analyst expectations in its second quarter, reporting revenue of $8.05 billion and adjusted earnings per share of $1.56. The company anticipates record quarterly revenue in fiscal Q3 and is on track for record revenue and significantly improved profitability in fiscal 2025.

Peter Schiff, a prominent Bitcoin critic, warns that the strategic Bitcoin reserve is a tool to trick Americans into speculative losses. He specifically criticizes President Donald Trump's involvement in promoting cryptocurrencies, predicting that more Americans will lose money in crypto under his influence than in any other speculative mania in history.