00:08 Speaker A
It is time for Yahoo Finance’s Market Minute.
00:10 Speaker A
US stocks climbing as oil prices drop amid cautious optimism for a de-escalation in Middle East hostilities.
00:19 Speaker A
Iran and the US have reportedly received a plan for an end to attacks that was prepared by Pakistan, according to Reuters.
00:27 Speaker A
In turning to crypto, Michael Saylor’s Bitcoin buying company Strategy reports a 14. 1/2 billion dollar unrealized loss in the first quarter.
00:37 Speaker A
The value from the firm’s holdings is seeing a drop amid the decline in Bitcoin’s price. Yet, strategy still continuing its buying spree, disclosing it has purchased roughly $330 million worth of Bitcoin between April 1st and April 5th.
00:52 Speaker A
Lastly, a look at the Bank of New York Mellon. The Department of the Treasury is designating the bank as a financial agent to support the Trump accounts programs for newborns. BNY has partnered with Robin Hood, which will serve as a brokerage and initial trustee for these accounts.
01:05 Speaker A
And that’s your Yahoo Finance Market Minute.