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Macy's posts strong results, raises guidance as turnaround begins to take hold
Macy's posted fiscal Q2 comparable sales growth of 2.7%, led by an 11.3% surge at Bloomingdale's, and raised its full-year guidance as CEO Tony Spring's three-year turnaround delivers results.
ECB Raises Deposit Rate to 2.5% on Inflation Risks
The ECB lifted its key deposit rate 25 basis points to 2.5% to contain energy-driven inflation, while warning that Middle East conflict and Russia’s war in Ukraine leave inflation above target and gro
Defense tech Mach Industries doubles valuation to $3.7B in 3 months
Defense tech startup Mach Industries raised $600 million in a Series C extension, doubling its valuation to $3.7 billion just three months after its prior $300 million round.
Oracle Options Show Unusual Bullish Skew Into Thursday Earnings
Oracle options traders are pricing in an 11% post-earnings move and paying up for upside calls over downside puts, an unusual pattern that signals conviction the AI infrastructure bet will deliver.
Treasury yields hit multi-year highs as investors await key wholesale inflation data
Treasury yields climbed to multi-year highs on Thursday as investors awaited August wholesale inflation data that could shape the Federal Reserve's next interest rate decision, while rising energy pri
Nasdaq Invests $100M in Kraken Parent at $21B
Nasdaq's venture arm invested $100 million in Payward, valuing Kraken's parent company at $21 billion, as part of a deepening push into tokenized equities and round-the-clock trading infrastructure.
BofA: AI Trade Can Withstand Higher Bond Yields
Bank of America's derivatives team argues the AI equity rally can absorb further rises in bond yields, pointing to a proprietary bubble indicator that shows no decoupling from fundamentals — unlike th
ECB raises interest rates in effort to curb energy-fuelled inflation
The European Central Bank raised its policy rate to 2.50% from 2.25% — its second hike this year — to counter energy-driven inflation from the US-Iran conflict that has pushed oil back above $100 a ba
Stocks Drop as Oil Tops $100, Hot PPI Data Sparks Fed Hike Fears
U.S. stocks retreated as oil prices surged past $100 and hotter-than-expected August PPI data stoked fears of further Federal Reserve rate hikes, pushing Treasury yields higher.
Nasdaq Futures Sink Ahead of Inflation Data
The market’s immediate setup was a split tape: Nasdaq futures sank while the Dow and S&P 500 aimed to end a three-day losing streak ahead of inflation data, with Oracle’s AI-related results another fo
Bitcoin Sell-Side Risk Hits Record Lows
Bitcoin’s sell-side risk has dropped to rare lows as investor selling pressure eases, with long-term holders and ETF investors showing restraint despite recent price gains near $80,000.
ECB to Hike Rates as Bond Markets Split on Terminal Rate
The European Central Bank is virtually certain (99.7% priced) to raise rates 25 basis points to 2.5% at Thursday's meeting, but the bigger question is whether Christine Lagarde will endorse the bond m
Investing in FDs or small savings schemes? 5 factors investors should compare beyond interest rates
Investors weighing fixed deposits against government small savings schemes should look past headline interest rates to compare investment ceilings, liquidity, tenure, payout frequency, and tax treatme
ECB Hikes 25 Bps to 2.5% as Eurozone Inflation Hits 3.3%
The European Central Bank raised its key deposit rate by 25 basis points to 2.5% as eurozone inflation hit 3.3% in August, but investors remain divided on whether the hiking cycle has more to give.
US seizes Xinbi Telegram channels, restrains $52M in crypto
US authorities seized Xinbi Guarantee's Telegram channels and restrained more than $52 million in crypto as part of a coordinated crackdown on the Southeast Asia-linked scam marketplace, with Treasury
Sabalenka chases three-peat vs Pegula in US Open semis
Two-time defending champion Aryna Sabalenka faces Jessica Pegula in the US Open semi-finals, while new world No. 1 Elena Rybakina meets Coco Gauff — as all top four seeds reached the semis at a Grand
Traders Brush Aside Scott Bessent’s ‘Bet Against Me’ Tough Talk - Bloomberg.com
U.S. Treasury Secretary Scott Bessent dared investors to short the yen with 'I am the house now' bravado and announced a $6 billion longer-dated bond repurchase — but traders brushed aside his tough t
Treasury $6B Debt Buyback Rejected as Yields Hit 2023 High
The Treasury announced a buyback of up to $6 billion in longer-term debt aimed at lowering borrowing costs, but the bond market rebuffed the operation as the 10-year Treasury yield climbed to its high
Crypto, Banks Take Clarity Act Lobbying Fight to Senators' Home States
Crypto advocates and community bankers are flooding senators' home states with meetings, ads, calls, and op-eds as the September 15 procedural vote on the Clarity Act—a bill setting federal digital as
Secret Service Freezes $52.8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams
The U.S. Secret Service froze $52.8 million in USDT across 52 wallets linked to Xinbi Guarantee, a Telegram-based illicit marketplace, on September 8 — making it the second-largest such platform ever
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