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Finance News — Page 224
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
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
Kalshi IPO Talks Amid CFTC vs State Legal Battle
Kalshi is exploring an IPO as state and federal regulators clash over whether prediction markets are illegal gambling or federally regulated swaps, with multiple lawsuits underway.
Banking regulator lowers capital levels to spur more loans at ‘hinge moment’ for the economy
Canada's banking regulator OSFI cut its Domestic Stability Buffer to 3% from 3.5% and lowered the CET1 ratio to 11% from 11.5%, freeing up roughly $74 billion in excess capital and potentially $673 bi
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
Warsh's Hawkish Fed Debut Pushes Bond Yields Higher
At his first FOMC meeting, Fed Chair Kevin Warsh held rates steady at 3.50-3.75% but delivered a stripped-down, hawkish-tilting statement that pushed bond yields higher, reviving debate over whether 1
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
Juneteenth 2026: What's Open and Closed Friday
Juneteenth, the federal holiday marking the end of slavery in 1865, falls on Friday, June 19, closing banks, the stock market, and USPS while most major retailers and grocers stay open.
Prediction Purists Warn Sports Betting Threatens
At Berkeley's Manifest conference, prediction market philosophers warned that the sports betting explosion now driving platforms like Kalshi and Polymarket threatens to undo the industry's original tr
Microsoft Finds USB Worm Swapping Crypto Wallet Addresses
Microsoft has uncovered a USB-spreading worm that hijacks Windows crypto wallets by silently swapping recipient addresses and stealing seed phrases and private keys from the clipboard, active since Fe
Zealand Pharma Stock Crashes on Survodutide Dropout
Zealand Pharma's stock has cratered on back-to-back clinical failures for survodutide and petrelintide, but analysts are betting the amylin-based petrelintide — heading into late-stage trials — is the
What Happens When Bitcoin Reaches 21 Million Supply?
Bitcoin's 21 million coin supply cap, hardcoded by Satoshi Nakamoto, will permanently halt new bitcoin creation once fully mined, but the network is expected to keep operating unchanged.
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
Indian IT stocks fall up to 7% on Accenture guidance
Accenture's lowered revenue guidance for fiscal 2026 triggered a sharp selloff in Indian IT stocks on Friday, with major players Infosys and TCS each losing more than 5%.
US crypto ETFs are pulling Bitcoiners into TradFi: BlackRock's Jay Jacobs
BlackRock's Jay Jacobs says the firm's spot Bitcoin ETF is a two-way gateway between crypto and TradFi, with 75% of IBIT investors being first-time ETF buyers who often branch into BlackRock's S&P 500
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
CFTC Permanently Bans Celsius Founder Mashinsky From
The CFTC permanently barred Alex Mashinsky from its regulated trading markets and from CFTC registration, closing out its 2023 enforcement case against the Celsius founder — the regulator's first acti
SpaceX Drops 6.5% for Second Day After Record IPO
SpaceX shares fell 6.5% on Thursday in their second consecutive post-IPO decline, wiping out a portion of the frenzy that briefly made the rockets-to-AI company the world's fifth most valuable firm af
SpaceX's First-Ever Losing Streak: Stock Falls 2nd Day
SpaceX stock fell for a second straight day in a volatile Thursday session, marking the company's first-ever back-to-back losses since it began trading publicly.
Markets are set for a much more hawkish Warsh Fed than expected
Kevin Warsh's first press conference as Fed Chairman upended market expectations with a hawkish inflation message, sending the 2-year Treasury yield soaring and traders pricing in as many as five rate
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