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Finance News — Page 137
SpaceX hits $2.5T; Warsh's Fed debut turns hawkish
SpaceX didn't just go public last week — it landed as a $2.5 trillion colossus, briefly outvaluing Amazon and Microsoft and making Elon Musk the first person to hold a $1 trillion stake in a single co
When to Review and Rebalance Your Mutual Fund Portfolio
A SEBI-registered investment adviser explains why a 'buy and forget' approach to mutual funds can backfire, outlining when investors should review portfolios, how to trigger rebalancing on measurable
$13B Bitcoin options expiry looms: Will bulls endure more pain in June?
With $13 billion in Bitcoin options set to expire June 26, put options dominate every Deribit price scenario by $1B to $3.4B, meaning bears hold the upper hand even if BTC rallies 12% from its current
Nobel Winner John Jumper Leaves Google DeepMind for Anthropic
John Jumper, co-winner of the 2024 Nobel Prize for protein structure prediction, is leaving Google DeepMind after nearly nine years to join Anthropic, telling followers he plans to recharge first befo
Nobel Winner Jumper Leaves Google DeepMind for Anthropic
Nobel Prize-winning AI researcher John Jumper is leaving Google DeepMind after nearly nine years to join Anthropic, marking a major talent shift in the AI sector.
Steil Bill Bars Lawmaker Prediction Market Insider
Rep. Bryan Steil's new bill would bar lawmakers from wagering on government policies and political outcomes on prediction markets, but explicitly stops short of covering White House officials — even a
Schwab to join prediction markets race with S&P 500 event-based options: WSJ
Charles Schwab is partnering with Cboe Global Markets to launch binary-style options letting customers place yes-or-no wagers on whether the S&P 500 closes above or below a preset level, marking the b
Bitcoin traders expect new lows but data cautions against overly bearish bias
Bitcoin trades near $62,000 near yearly lows with about $4 billion in leveraged longs stacked just below, but exchange inflows from mid-sized holders have dropped to their lowest since April — a data
Fedspeak vs. war deal: Here are the things that drove this week's stock market
Wall Street notched its 11th winning week in 12 as an Intel-led chip rally and a U.S.-Iran ceasefire MOU outweighed a Fed-induced selloff that marked the worst 'Fed day' S&P 500 drop under a new chair
The riskiest SpaceX stock trade of all had a big first week
Within days of SpaceX's record-breaking IPO, competing fund firms launched 11 leveraged ETFs tied to the stock, generating over $10 billion in trading volume during the stock's first week on the marke
SpaceX Stock Falls After $60B Cursor Deal
SpaceX shares tumbled after the company announced a $60 billion acquisition of AI coding startup Cursor, with Wall Street sharply divided on whether the deal justifies the post-IPO valuation surge.
Andrew Tate loses nearly $86,000 longing and shorting Bitcoin
Andrew Tate, founder of the trading education company The Real World, lost nearly all of a $100,000 deposit in roughly 24 hours after a leveraged Bitcoin long and then a short both liquidated on Hyper
Kaspersky: Anime Wallpapers on Steam Spread
Kaspersky has identified dozens of malicious Wallpaper Engine packages on Steam Workshop, disguised as anime-character desktop wallpapers, that steal Steam credentials and deploy cryptocurrency-steali
Bitcoin Taps $63K as July Fed Rate-Hike Odds Hit 40%
Bitcoin drifted above $63,000 on Juneteenth as a hawkish first FOMC meeting from new Fed Chair Kevin Warsh and renewed US-Iran posturing over the Strait of Hormuz kept the cryptocurrency pinned near l
BlockShoals lawyer: Binance trading falls under SEC
BlockShoals' head of legal Marie Antonette Quiogue argued that Binance does not need a Philippine VASP license for trading activity, which she said falls under SEC jurisdiction rather than the central
Bank of Russia Cuts Key Rate to 14.25%, Smaller Than Expected
Russia's central bank cut its key interest rate by 25 basis points to 14.25% on Friday — a more cautious move than the 50 bp cut analysts expected — as inflation pressures from rising gasoline prices
Musk's SpaceX stake is worth over $1 trillion. Here are the other billionaire shareholders
SpaceX's record-breaking IPO lifted Elon Musk's stake past $1 trillion and minted several new billionaire shareholders, with shares up 37% from their $135 offering price even as cooling sentiment trim
Smart-contract and DeFi coins lead losses as bitcoin wilts for 4th straight day
Bitcoin fell for a fourth straight day below $62,400 with smart-contract and DeFi tokens leading losses, as market sentiment soured on Strategy's STRC preferred stock and concerns grew that both the c
Franklin Templeton Files Bitcoin DRIP ETFs With SEC
Franklin Templeton filed for two ETFs that would automatically reinvest stock dividends into Bitcoin exposure, launching with a 5% BTC allocation, as asset managers expand beyond traditional spot Bitc
Fed Hawkish Shift Sends Dollar to One-Year High, Hammers EM
Expectations of a hawkish Fed under new Chair Kevin Warsh have sent the dollar to a one-year high, reversing months of gains in emerging market and commodity-linked currencies that had been fueled by
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