Why JD.com Stock Is Up Today
Shares of China's second-biggest e-commerce company continue to solidify their recovery move.
Mars Credit Rating May Be Cut by Moody’s, S&P on Kellanova Deal
(Bloomberg) -- Moody’s Ratings and S&P Global Ratings may cut Mars Inc.’s credit grades after the candy maker agreed to buy Kellanova for about $36 billion, including debt. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitMars’ A1 unsecured ratings we
Top Fed official says he’s open to a rate cut in September because the central bank can’t ‘afford to be late’
Atlanta Fed President Raphael Bostic said waiting to cut rates is risky.
Barbara Corcoran: Buy a home now; don’t wait for a Fed rate cut
The self-made millionaire sees home prices rising once mortgage rates fall further.
Bored Ape Yacht Club leads daily NFT sales, ending DMarket’s streak
The Bored Ape Yacht Club collection topped the NFT market with significant sales, outperforming other collections and blockchains.
Peru’s Economic Recovery Stalls in June as Growth Comes in Below All Forecasts
(Bloomberg) -- Peru’s economic recovery suddenly stalled in June, as the economy barely grew after two months of beating expectations. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitThe economic activity index, a proxy for gross domestic product, ro
Steadfast US Consumer, Job Market Allay Concerns About Economy
(Bloomberg) -- Fresh readings on retail spending and unemployment benefits quelled some of the restiveness about the US economy, parts of which remain restrained by elevated interest rates.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitThe value of
Capula, Schonfeld, Point72 Among Hedge Funds Riding Bitcoin ETFs
(Bloomberg) -- Hedge funds, pensions and banks continued to lavish capital into exchange-traded funds that invest directly in Bitcoin, as more traditional investors embrace the asset class that US regulators begrudgingly helped push into the mainstream at the beginning of the year.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million
South Korea’s Public Pension Fund Invests $34 Millon in MicroStrategy
South Korea's National Pension Service (NPS) has revealed investments in cryptocurrency-related companies with a multi-million dollar purchase of MicroStrategy stock. According to a recent filing. South Korea’s national pension fund acquired shares in MicroStrategy (MSTR), a company known for its substantial Bitcoin holdings. The NPS purchased 24,500 shares of MicroStrategy in the second quarter of 2023, at an average price of $1,377.48 per share. This investment, totaling nearly $34 million, p...
Bernstein Rates Multiple Bitcoin Mining Stocks ‘Outperform’
Investment firm Bernstein has issued an outperform rating on Bitcoin (BTC) mining stocks Riot Platforms (RIOT), CleanSpark (CLSK), Iris Energy (IREN) and Core Scientific (CORZ), while rating Marathon Digital Holdings (MARA) as market-perform. For Riot Platforms (RIOT), Bernstein highlighted its significant operational power capacity and expansion plans. "RIOT has a mega 1GW site at Corsicana, Texas being energised over 2024-25," the report states. Additionally, Riot recently acquired Block minin...