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Bessent doubles Treasury buybacks to stem bond sell-off
Treasury Secretary Scott Bessent doubled maximum buybacks of long-term debt to at least $4 billion, quickly reversing a bond sell-off that had pushed the 10-year yield to 4.74%, though economists warn
Crypto Stocks Rip Higher as Strategy Jumps 12%, Coinbase Climbs 9%
Crypto-linked equities posted their sharpest one-day rally of the summer as Strategy jumped nearly 12% and Coinbase climbed 9%, tracking Bitcoin's short squeeze toward $70,000.
Chinese Robot Developer Unitree Soars 460% On Blockbuster IPO - Investor's Business Daily
Chinese humanoid robot developer Unitree Robotics raised $904 million in its Shanghai IPO, with shares soaring 460% on debut despite a U.S. ban on the company.
Warsh's Fed silence pushes bond yields higher
Kevin Warsh's tight-lipped approach at the Fed has confused forward guidance with general policy communication, leaving markets in the dark and pushing long-term bond yields higher as investors demand
Fed officials saw need for rate hike if inflation doesn't cool, minutes show
Federal Reserve officials indicated they would likely need to raise interest rates if inflation doesn't decline further, according to minutes from the July 28-29 meeting that revealed a 9-3 split with
Fed Officials Signal Rates May Rise If Inflation Persists
Many Federal Reserve officials signaled they may raise interest rates if inflation remains elevated, citing persistent price pressures despite a recent cooling in core metrics.
Wall Street Rises as Yields Ease; Moderna Lifts Healthcare
Wall Street edged higher as Treasury yields eased, with a sharp rally in Moderna shares lifting the broader healthcare sector.
Fed July Minutes: Inflation Fears Deepen, Hike Support Grows
Fed minutes from the July 28-29 meeting showed deepening inflation concerns, with 'several' policymakers ready to raise rates and three dissenting in favor of a quarter-point hike at the 3.50%-3.75% h
Flexi-cap funds with highest and lowest large-cap stock allocation: What the data shows
Top Indian flexi-cap mutual funds show dramatic variation in their large-cap stock allocation, with Parag Parikh Flexi Cap at 91.14% while Motilal Oswal sits roughly 20 points below the category avera
Meta's legal troubles has options traders eyeing the 'jade lizard'
As Meta faces trial in Oakland with 29 state attorneys general alleging the company deliberately hooked young users on Facebook and Instagram, options traders are eyeing the rangebound stock for a jad
Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour
Bitcoin spiked to an intraday high near $69,749 as more than $1.14 billion in leveraged short positions were forcibly liquidated in a single hour, extending a 9.3% weekly gain ahead of a White House c
CFTC imposes 5-year trading ban on Ellison and Wang
The CFTC filed consent orders Tuesday imposing five-year trading bans on former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang, resolving the agency's civil enforcement actions aga
Lowe's Cuts Outlook as CEO Flags DIY Pressure
Lowe's delivered a second-quarter earnings beat but issued a cautious forward outlook, with its CEO flagging "pressure" in DIY spending — yet the stock shrugged off the softer guidance.
Bitcoin Surges 6% to 11-Week High on Treasury Buyback Doubling
Bitcoin surged 6% to an 11-week high of $69,749 after the US Treasury announced it would at least double its debt buyback operations, but analysts cautioned the rally is "unfunded" given thinning stab
Navi Raises $100M From Prosus At $1.3B Valuation
Navi, the fintech startup founded by Flipkart co-founder Sachin Bansal, raised $100 million from Prosus in its first institutional funding round, at a roughly $1.3 billion valuation.
Target Earnings Double, Outlook Hiked. TGT Stock Jumps To A High. - Investor's Business Daily
Target's quarterly profit nearly doubled and the retailer raised its full-year outlook, sending TGT stock to a high; the biggest contributor was a roughly $1 billion tariff refund, not stronger consum
Treasury Ups Debt Buybacks, Yields Drop
The U.S. Treasury increased its buyback of longer-term debt, reducing bond market stress and helping push stock markets higher as yields declined.
Popular shoe brand’s stock erased $200 billion in market value - thestreet.com
Nike's stock plunged to a 12-year low, erasing roughly $200 billion in market value as JPMorgan downgraded the shares.
The Magnificent 7 are struggling. Don't let them sink your 401(k) - USA Today
The Magnificent Seven tech stocks are mostly falling, with Meta posting the biggest drop in the group, as multiple financial outlets spotlight alternative investment strategies for concerned investors
SEC Proposes 'Regulation Crypto Assets' Rules
The SEC proposed 'Regulation Crypto Assets,' a framework for crypto investment contracts, with Commissioner Peirce calling it an important step past 'inapt' prior rules. The move fills a void left by
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