News hitting the wires
Larry Summers has withdrawn his name for the job of head of the Fed
This will be bearish for the USD as Summers was perceived in the markets to be infavour of a slightly faster ‘taper’ than the other prime contender for the job, Janet Yellen
more to come
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BTC ETFs see $1B outflows as yields rise; SpaceX pre-IPO trades $40M on Hyperliquid; Trump family trades COIN, HOOD.
MAIN misses earnings, revenue down 3.5%. Valuation dips amid loan markdowns & cautious capital allocation.
Futures dip amid Mideast war & oil spikes. High yields, inflation fears loom. AI earnings shine, but energy crisis bites.
XRP's 40% drop sparks debate. Bull case: $3.5K/1K invest. Bear case: $175. Valuation remains tricky.
Dow futures drop 300 pts as elevated bond yields and inflation fears hit stocks. Oil jumps amid tensions.
CELH beats Q1 estimates with strong revenue & EPS growth. Margin expansion seen, but watch input costs.
Uzbekistan's UzNIF IPO raises $603M, valued at $1.95B. Strong global demand signals trust.
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