Brazil’s Securities and Exchange Commission Approves Solana-Based ETF
The product now has to be approved by the local stock exchange, B3.
Crypto Inches Upwards Again as Ripple Ruling Lifts Mood
(Bloomberg) -- Major cryptocurrencies ticked upwards on Thursday after Ripple Labs Inc. was ordered to pay a $125 million penalty — an outcome the firm framed as a victory over the US Securities and Exchange Commission. Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNYC Subway Riders See ‘Exceptionally High’ Air PollutionThe 5 Coa
ION Analytics Shelves $500 Million Loan Deal Amid Market Swings
(Bloomberg) -- ION Analytics, a unit of Andrea Pignataro’s ION Group, has pulled the plug on a $500 million leveraged loan deal it had been marketing to investors since late July, in a sign of persisting jitters in credit markets.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskNew York City Paid $2 Million for Empty Hotel Rooms Meant for M
Asian Stocks to Dip as US Bond Sale Saps Sentiment: Markets Wrap
(Bloomberg) -- Asian equities were set to drop Thursday after a weak Treasury auction dealt a fresh blow to sentiment on Wall Street.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNYC Subway Riders See ‘Exceptionally High’ Air PollutionFutures contracts for Japan, Austr
Oil Extends Recovery Rally as Traders Wait for Iran Retaliation
(Bloomberg) -- Oil extended its biggest advance in a week as traders remain on edge over a possible retaliatory strike by Iran on Israel as payback for assassinations of Hezbollah and Hamas leaders.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNYC Subway Riders See ‘Ex
Robinhood results beat estimates on meme-stock, crypto-trading boom
(Reuters) -Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the highly shorted shares of videogame retailer GameStop. Robinhood's transaction-based revenue surged 69% to $327 million in the quarter.
Monster Beverage misses quarterly sales estimates as economic fears slow demand
(Reuters) -Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment. Higher costs of essentials like food and fuel have prompted consumers in the U.S. to be more mindful about spending on non-essential items, impacting sales for companies such as Monster. Monster will raise prices for its core brands and packages in the United States by about 5%, effective November 1.
Palm Oil Rises on Jump in Soy Oil, Signs of Weak Malaysia Output
(Bloomberg) -- Palm oil climbed as rival soybean oil rebounded in Chicago, while an estimate of lower output in parts of second-largest producer Malaysia also helped support prices.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City’s Outdoor Dining Sheds Will Start DisappearingNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsThe 5 Coastal States That Face the Most Devastat
Should You Buy the Bitcoin Dip?
Bitcoin is no stranger to volatility, but recent events have left even seasoned investors surprised.
