Markets wrapped up the day with dealmaking, data, and volatility all in focus. Trump Media jumped after unveiling a surprise pivot into nuclear fusion, while softer-than-expected US inflation boosted hopes that rate cuts are edging closer. In tech, OpenAI’s reported talks around a massive new fundraising round underscored the scale of investor appetite for AI.
The LUNC price continued its strong downward trend on Friday, erasing most of the gains it made earlier this month as traders waited for Do Kwon’s sentencing. Terra Luna Classic token fell to a low of $0.00003792, much lower than this month’s high of $0.00008056. Jump Trading sued for the Terra collapse The LUNC price
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Just weeks before Bulgaria prepares to adopt the Euro, its government is falling apart. Streets are full, parliament is paralysed, and the state is heading for yet another snap election. Bulgaria’s corruption crisis is not sudden. It is the logical outcome of years of unresolved power struggles, weak courts, and a public that no longer
The US Securities and Exchange Commission has said in a recent lawsuit that third-party Bitcoin mining hosting agreements may be classified under federal securities laws. The commission’s position surfaced during a Delaware lawsuit where the regulator had sued VBit Technologies and its founder Danh Vo for defrauding thousands of investors between 2018 and 2022 by
Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India’s financial sector, the Indian non-bank lender said on Friday. The transaction comes amid a sharp acceleration in foreign investment into India’s banking and financial services industry. Deal values in
The S&P 500 Index and its top ETFs, like VOO and SPY remained in a tight range in the past few months as jitters in the AI industry accelerated. It was trading at $6,775, a few points below the year-to-date high of $6,930. This article explores some of the top catalysts for the index and
Crypto exchange Coinbase has filed lawsuits against three US states over regulatory conflicts surrounding the classification of event contracts, as it hopes to secure federal protection for its newly launched prediction markets. Coinbase challenges state authority over prediction markets Per a Dec. 19 X post from the exchange’s chief legal officer Paul Grewal, Coinbase has
Italy’s competition authority has formally closed investigations into four major electric vehicle makers after securing commitments to improve how consumer information is presented. The probes targeted BYD, Tesla, Stellantis, and Volkswagen over concerns that buyers may not have been given sufficiently clear details about electric vehicle performance and battery-related conditions. Rather than imposing penalties, the
Sportswear giant Nike reported a sharp drop in second-quarter profit on Friday, overshadowing better-than-expected revenue and earnings and sending its shares down more than 10% in premarket trading, as investors focused on mounting pressure from China and higher costs. The company posted revenue of $12.43 billion for the quarter ended November 30, up slightly from