Why Stablecoins and SWIFT May Have to Coexist
Remittance firms are using crypto to bypass parts of traditional settlement infrastructure, but this does not mean SWIFT is disappearing.
Fed’s Musalem: Inflation Risks Remain Front and Center
St. Alberto Musalem is speaking and says: Tailwinds including accommodative financial conditions are currently greater than headwinds for the U.S. economy Uncertainty around tariffs and war are headwinds The labor market seems to have stabilized after gradual cooling last
Rush Street Interactive Shares Drop 8% After Secondary Offering Announcement
The gaming operator's stock declines as investors react to a new share sale diluting existing holdings. Rush Street Interactive (RSI) shares fell more than 8% following the company’s announcement of a secondary public offering. The move is expected to increase the number o
CVS-Linked ETFs Rally After Stronger-Than-Expected Earnings Report
Investors pile into funds with significant CVS holdings following a quarterly earnings beat and raised guidance. Exchange-traded funds with heavy exposure to CVS Health surged after the company reported adjusted earnings per share of $2.15, topping consensus estimates of $
USD/CAD Weakness Persists on Technical Downtrend, Scotiabank Says
Scotiabank strategists note USD/CAD remains range-bound as lower oil prices offset improved risk sentiment for the CAD. The USD/CAD pair shows minimal movement as declining oil prices counterbalance improved risk appetite, limiting gains for the Canadian Dollar. Scotiabank
Fed Official Says Labor Market Stabilizes Near Breakeven Levels
Fed’s Musalem notes job gains have steadied, inflation remains above target, and policy may stay restrictive for some time. Federal Reserve official Alberto Musalem said the labor market has stabilized after a period of gradual cooling, with recent job gains hovering near
Global Stocks Advance as Oil Prices Drop on Iran Deal Prospects
Equity markets rise while crude futures fall amid reports Iran may accept a US nuclear proposal, easing supply concerns. Global equities climbed as investors weighed potential progress in Iran-US nuclear negotiations, which could ease geopolitical tensions. Major indices i
Large $ETH Transfer Occurs
165,021 $ETH transferred between unknown wallets A significant transfer of 165,021 $ETH has taken place. The transfer is valued at 393,517,242 USD. The wallets involved in the transaction are unknown.
Oklo Stock Surges After NRC Accelerates Aurora Reactor Approval Process
The Nuclear Regulatory Commission’s expedited review of Oklo’s Aurora powerhouse design criteria lifts shares by over 20% in early trading. Oklo Inc. (OKLO) shares climbed more than 20% after the Nuclear Regulatory Commission (NRC) fast-tracked the review of design criteri
Ecuador Returns to Global Bond Markets on Higher Oil Revenue
The South American nation taps international debt markets for the second time this year as crude prices boost fiscal inflows. Ecuador issued additional sovereign bonds in global markets this week, capitalizing on a surge in oil revenue. The government aims to raise USD 1.5