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WSJ What’s News

Why Bitcoin Buyer MicroStrategy Is Doing Even Better Than Bitcoin

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 25 November 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 25. Software intelligence company MicroStrategy makes another big bitcoin purchase. WSJ cryptocurrency reporter Vicky Ge Huang explains why investors have been betting on the company’s strategy. And retail reporter Suzanne Kapner discusses Macy’s $154 million accounting error. Plus, U.S. tax policy reporter Richard Rubin details the tightrope Republican lawmakers are walking as they work on a tax bill in time for Donald Trump’s return to the White House. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Balance your trading strategy by adding futures.

0:02.7

CME Group helps you manage risk and capture opportunities in all market environments.

0:07.2

Capitalize on around-the-clock access to highly liquid global futures and options markets across all major asset classes.

0:13.7

Visit your online broker and get started.

0:15.6

See what adding futures can do for you at CMEGroop.com slash podcast.

0:19.9

Derivatives are not suitable for all investors and involve the risk of losing more than

0:23.2

the amount originally deposited in any profit you might have made.

0:25.9

This is not a recommendation or offer to buy, sell, or retain any specific investment or

0:29.6

service.

0:33.2

Macy's finds a $154 million accounting problem.

0:37.7

And the company that's tied its success to Bitcoin, for better or worse.

0:43.2

Plus, how Republicans are juggling priorities for the tax bill, they plan to send Trump next year.

0:48.8

This balance between how much could you cut Medicaid, cut food stamps, repeal tax breaks for clean energy

0:57.3

without costing votes among Republicans?

1:00.2

It's Monday, November 25th.

1:02.3

I'm Tracy Hunt for the Wall Street Journal.

1:04.6

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:16.2

Thank you. the top headlines and business stories that move the world today. We'll get to all that in just a minute, but first, Special Counsel Jack Smith has moved to dismiss a pair of landmark prosecutions against President-elect Donald Trump,

1:27.2

one alleging he sought to undermine the

1:29.7

2020 election results, the other that he unlawfully retained classified documents after leaving

1:36.6

office. Smith today said he was following the Justice Department's longstanding policy

1:42.0

against prosecuting a sitting president.

...

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