Markets
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A key deadline for a 9/11 relief program approaches. How survivors can apply for relief
The 20th anniversary of the 9/11 tragedy is less than two months away. There will be many commemorations, many reflections…
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Fed holds rates near zero, says economy has gotten better even with pandemic worries
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite…
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BlackRock Support Sought in Bid to End 5-Month Coal-Mine Strike
(Bloomberg) — Coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc.’s New York headquarters Wednesday in…
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Robinhood starts trading Thursday. Here’s everything investors need to know
Avishek Das | LightRocket | Getty Images Robinhood is slated to hit the public markets Thursday in one of the…
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Swvl, a green-focused mass transit company, is going public via an all-female SPAC
Dubai-based mobility company Swvl said Wednesday that it plans to go public through a reverse merger with Queen’s Gambit Growth…
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Shake-up in Chinese stocks raises questions over the future of international investing
Traders on the floor of the New York Stock Exchange. Source: NYSE The latest volatility in China – with regulators…
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ECB’s Governing Council Member De Cos Says Uncertainty in Euro Area Very High: Interview
(Bloomberg) — Following is a transcript of a written interview with European Central Bank Governing Council member Pablo Hernandez de…
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Why ‘Delisting’ Is a Worry in China-U.S. Market Mess: QuickTake
(Bloomberg) — The value of Chinese stocks listed on American exchanges has fallen sharply in recent days, as Beijing clamped…
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This Type of Day Is Price of Progress in Post-Pandemic Stocks
(Bloomberg) — The Nasdaq 100 Index trades for 38 times earnings. Abby Joseph Cohen says it’s a market with “no…
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The Fed could sound more worried about the virus and less ready to tighten policy
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on…
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Binance CEO says he’s willing to step down as world’s biggest crypto exchange welcomes regulation
Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon…
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UPS stock slides after U.S. delivery volume declines
Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the…
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Bitcoin Steadies After Foray Past $40,000 on Amazon Speculation
(Bloomberg) — Bitcoin held below $40,000 after Amazon.com Inc. pushed back against speculation it will accept the token for payments…
Read More » - ECONOMY
Fed Will Punt on the Economy, Inflation and Asset Prices
(Bloomberg Opinion) — With few expecting the Federal Reserve to begin tapering when it announces the outcome of its latest…
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No Crabs, No Scallops: Seafood Is Vanishing From Menus in U.S.
(Bloomberg) — At the Clam, there are no scallops. Prices went “crazy,” says Mike Price, who co-owns the Greenwich Village…
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BNY-Backed Crypto Platform Fireblocks Seals Its Unicorn Status
(Bloomberg) — Fireblocks has raised $310 million in a series D round that values the digital-asset platform at $2 billion,…
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TPG Raises $5.4 Billion for Climate Fund Chaired by Hank Paulson
(Bloomberg) — TPG has brought in $5.4 billion for its climate investing strategy, making it one of the biggest sustainability-focused…
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This food delivery giant is down over 20% in 2021. An investor says enough is enough
An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat…
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Artificial Intelligence Could Dramatically Speed Up Climate Action
Technological solutions to climate change can be put into two categories. Vertical solutions that tackle pollution in one sector, say low-carbon…
Read More » - Entrepreneurs
Goldman Sachs Submits DeFi ETF Application to SEC
Goldman Sachs has filed an application for a decentralized finance (DeFi) exchange-traded fund (ETF) with the U.S. SEC. The ETF…
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Two IPOs Reveal Gen Z’s Vision of Banking
(Bloomberg Opinion) — India’s biggest-ever initial public offering can’t be chalked up solely to the zeitgeist. Like most markets, irrational…
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Reliance Industries Rating: Buy – Relatively subdued quarter for company
While only 123 stores were added in Q1 (vs 826 in Q4), 700+ stores are ready for launch. We expected…
Read More » - ECONOMY
Nickel Nears Seven-Year High With Metals Rising on Demand Bets
(Bloomberg) — Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used…
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Hellman & Friedman’s Patrick Healy on how long this IPO boom can last
(Click here to subscribe to the new Delivering Alpha newsletter.) For more than a decade, the stock market has been shrinking, thanks…
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Here are the highlights from Robinhood’s virtual roadshow
Omar Marques | LightRocket | Getty Images In typical Robinhood fashion, the stock trading app hosted an unconventional virtual roadshow…
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Bezos offers to cover $2 billion in NASA costs in exchange for astronaut lunar lander contract
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his…
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IPOs are on track for a record year as companies cash in on sky-high stock prices
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters (Click here to…
Read More » - ECONOMY
Oil Giants Hunt for That One Last Big Hit Along Coast of Brazil
(Bloomberg) — If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao,…
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Powell, Whatever You Do, Don’t Say the “T” Word
(Bloomberg Opinion) — It’s pretty unusual for a central banker in a consequential economy to get outflanked by politicians. That is…
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Top Wall Street analysts say these stocks are buys going into earnings
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Wall Street is…
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Bitcoin Hits Key Level Not Seen Since May Amid Wood, Musk Boost
(Bloomberg) — Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after…
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Fed Officials to Meet, GDP Data Coming Globally: Eco Week Ahead
Federal Reserve officials aren’t expected to signal a reduction in support for the U.S. economy when they meet this week,…
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The bond market is torn over the potential for higher inflation and lower growth
A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November…
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PropertyGuru to Go Public in $1.8 Billion Deal With Thiel SPAC
(Bloomberg) — Singapore’s online real estate firm PropertyGuru Pte agreed to go public through a merger with Bridgetown 2 Holdings…
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Former Virgin Galactic CEO to launch on the company’s next spaceflight test
Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on…
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California announces rollout of chip-enabled debit cards to deter theft of unemployment benefits
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a…
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Investors Clamoring For Yield Scoop Up Shopping-Mall Bond
(Bloomberg) — Don’t sound the death knell for shopping malls just yet. Yield-starved bond investors are betting some will not…
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Zomato IPO Vaults 38-Year-Old Founder Among India’s Super Rich
(Bloomberg) — A 66% stock jump on debut turned Zomato Ltd. founder Deepinder Goyal into a poster boy for India’s…
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‘Climate Chancellor’ Merkel Leaves Germans Flooded and Frustrated
(Bloomberg Markets) — Angela Merkel’s slow-motion departure from the German political stage took an ironic turn in April as the…
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Zomato, RIL, Yes Bank, Bharti Airtel, HUL, Wipro, Ambuja Cements, JSW Steel, Future group stocks in focus
Analysts say despite Thursday’s rally, the short term texture of the market is still on the downside. Nifty futures were…
Read More » - Entrepreneurs
Global X Becomes Latest Firm to File for Bitcoin ETF
Exchange-traded fund (ETF) provider, Global X, has submitted a filing of its own with the SEC for a bitcoin ETF.…
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A Startup Plans to Mine the Ocean Floor. It Could Be a Disaster.
(Bloomberg Opinion) — The sea floor between Hawaii and Mexico is covered in potato-sized rocks that contain many of the…
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Virgin Galactic flight test director Mark Stucky, who led first spaceflight, departs from company
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin…
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Ex-Barclays Tax Trader Mannan Emerges at Hedge Fund Autonomy
(Bloomberg) — Sadat Mannan, who led a desk at Barclays Plc that made hundreds of millions of dollars from tax-avoiding…
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PG&E’s Wildfire Plan: 10,000-Mile Trench Warfare
(Bloomberg Opinion) — When you’ve been stuck in the bunker as long as PG&E has, going underground is second nature.…
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U.S. Steelmakers Earnings Leave Investors Pondering Peak Prices
(Bloomberg) — Two of the largest U.S. steelmakers posted record quarterly profit that easily beat analysts’ estimates during the greatest…
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The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’
(Bloomberg Markets) — The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of…
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Fake Crocs Are Being Fought by the Maker of the Real Comfy Clogs
(Bloomberg) — The ungainly but comfy Crocs clogs reached new heights of popularity during the pandemic as not only the…
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Gold Trader’s Chat Bragged About ‘How Easy’ It Is to Manipulate Prices
(Bloomberg) — Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious-metals traders for…
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Thomas Peterffy says he owns some cryptocurrency because ‘you have to play the odds’
Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term…
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