News

J.P. Morgan analyst Jeremy Tonet remains bullish on the power sector despite current bearish sentiment, citing strong demand growth and regulatory uncertainty as key factors influencing market dynamics. He reiterates Overweight ratings on Talen Energy Corporation (TLN) and Constellation Energy Corporation (CEG), lowering price forecasts, and maintains an Overweight rating on Vistra Corp. (VST), lowering the price forecast.

Economist Peter Schiff criticized Bitcoin's year-to-date decline, highlighting gold's 18% rally as evidence of misplaced market focus. He challenged the bullish narrative surrounding Bitcoin's strategic reserve, arguing that investors are ignoring market fundamentals and overlooking gold's role as a traditional hedge.

President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, who previously pled guilty to federal charges related to money laundering and regulatory violations. The pardons come as Hayes has maintained an extremely bullish outlook on Bitcoin despite market volatility.

Nippon Steel and U.S. Steel Corp. X are reportedly reviving their $14 billion merger with increased investment in U.S. Steel's Rust Belt facilities, aiming to address national security concerns and gain approval from the Trump administration. The revised terms would see Nippon Steel significantly boost its initial investment commitment to upgrade U.S. Steel plants, potentially paving the way for the deal to be approved.

The Metals Company's plans for deep-sea mining face scrutiny and environmental concerns, with critics arguing it could violate international law and cause lasting damage to marine ecosystems. The company, however, is pushing forward with its application despite calls for a moratorium on deep-sea mining until ecological risks are better understood.