Reported 2 months ago
Circle Internet's shares surged over threefold during their debut on the New York Stock Exchange, opening at $69 and peaking at $103.75, indicating a strong rebound for the IPO market amid rising interest in digital assets and favorable regulatory changes. This landmark IPO for the stablecoin issuer is expected to inspire further listings in the crypto sector, signaling a shift towards mainstream acceptance of digital currencies.
Source: YAHOO
Reported 2 months ago
Former President Trump expressed uncertainty about his relationship with Tesla's CEO Elon Musk, following Musk's criticism of Trump's new spending bill. Trump recalled their previous camaraderie and noted his disappointment over Musk's change in attitude.
Source: YAHOO
Reported 2 months ago
In an interview, Zendesk CEO Tom Eggemeier explains how resolution pricing, which charges based on the success of AI interactions, is transforming the evaluation of AI agents in customer service. Unlike traditional models, Zendesk’s approach allows businesses to avoid charges when AI fails to resolve issues, promoting automation and flexibility. Eggemeier also highlights the ongoing need for human agents, debunking fears of job displacement and stressing that many companies are reinvesting savings from automation into their workforce.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Ramit Sethi, author of 'I Will Teach You To Be Rich,' offers a roadmap to improve your finances and surpass 95% of people within three months, emphasizing that a six-figure salary is not necessary. He advises mastering your financial knowledge, tracking your monthly expenses, and investing a minimum of 10% of your income. Sethi also highlights the importance of reaching your crossover point, where your assets can cover expenses, allowing for greater freedom in life choices. Ultimately, enjoying the financial journey and aligning spending with personal values are crucial to achieving long-term wealth.
Source: YAHOO
Reported 2 months ago
Treasury yields increased as European government bonds faced a selloff following a European Central Bank announcement that caused traders to adjust their positions. The divergence in monetary policy expectations between the ECB and the Federal Reserve highlighted the challenges in the US labor market, raising speculation about potential interest rate cuts by the Fed later in the year. Despite recent economic concerns, fiscal issues in the US, including tax cuts and credit rating downgrades, continue to hinder a significant rally in Treasury bonds.
Source: YAHOO
Reported 2 months ago
Tesla's stock fell significantly following a public dispute between CEO Elon Musk and President Trump. Trump expressed disappointment in Musk's harsh criticism of a new tax bill that would affect electric vehicle mandates, stating Musk's awareness of the bill's details. Musk, previously an ally of Trump, reacted on social media with indifference as Tesla shares slid nearly 8%. The fallout has raised concerns over the implications for Tesla's business amidst a more strained relationship with the previous administration.
Source: YAHOO
Reported 2 months ago
The EU could potentially approve its trade agreement with the South American Mercosur bloc before summer, as stated by EU agriculture commissioner nominee Christophe Hansen. The deal, finalized in December, still requires approval from EU nations, amidst concerns from countries like France about its impact on local farmers. French President Macron and Brazilian President Lula discussed potential amendments to the pact, including emergency import restrictions.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
特朗普與中國國家主席習近平於週四進行了長時間的通話，重新啟動了此前停滯的貿易談判。特朗普表示，雙方將在待定地點進行會談，重點將放在關鍵的稀土礦物問題上，這一議題對雙方的貿易暫停協議產生了重大影響。中方同樣確認了通話並強調了對話與合作的重要性，呼籲美方解除對中國的不利措施。
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Interactive Brokers Chairman Thomas Peterffy stated that 24-hour trading is becoming increasingly accepted in financial markets, likening it to a 'genie' that is hard to revert. Highlighting a surge in retail interest in the U.S. equity market, Peterffy noted that overnight trading at Interactive Brokers constituted about 2.2% of volume in May, which he anticipates will grow to 25% to 30% over the next 20 years. This trend is particularly relevant for investors in the Middle and Near East. Major exchanges are also extending their trading hours to accommodate this shift, although concerns about regulatory frameworks remain.
Source: YAHOO
Reported 2 months ago
Federal Reserve governor Adriana Kugler cautioned about potential higher inflation due to tariffs and supported keeping interest rates unchanged for now. She highlighted risks associated with rising tariffs, which could lead to increased prices and long-term inflation effects, while the Fed maintains its current monetary policy ahead of its upcoming meeting in June. Kansas City Fed president Jeff Schmid echoed concerns about inflationary pressures from tariffs and emphasized the need for vigilance.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Tesla shares fell over 8% as tensions between CEO Elon Musk and former President Donald Trump escalated, alarming investors. Musk criticized Trump's tax bill, claiming it undermines electric vehicle sales, while Trump suggested Musk's outbursts stem from losing tax benefits. This fallout could jeopardize Musk's business ventures, adding to Tesla's challenges as sales decline in major markets.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
This week, the average rate on a 30-year mortgage in the U.S. fell to 6.85%, marking its first decline in a month, according to Freddie Mac. Despite this drop from last week's 6.89%, borrowing costs for homebuyers remain high, contributing to a sluggish housing market that began in 2022. The 15-year fixed-rate mortgage also saw a decrease, now at 5.99%. Analysts predict mortgage rates will stay volatile, hovering between 6% and 7% for the year.
Source: YAHOO
Reported 2 months ago
Implenia has been awarded a contract worth over €200 million ($227.9 million) by Deutsche Bahn's DB InfraGO to construct a vital underground section of the Nordmainische S-Bahn in central Frankfurt. This project includes the development of a new underground line, several construction pits, and two 1.2km tunnel tubes, with construction slated to begin in early 2026 and conclude by 2031. The Nordmainische S-Bahn aims to improve transport connectivity in the densely populated Rhine-Main region and enhance the overall public transport infrastructure.
Source: YAHOO
Reported 2 months ago
Federal Reserve Governor Adriana Kugler expressed support for maintaining the current short-term U.S. borrowing rates, citing potential inflation risks linked to tariffs. In her remarks before the Economic Club of New York, she noted that disinflation is slowing and tariffs are expected to continue impacting inflation into 2025. Kugler emphasized that while there are uncertainties regarding employment and economic growth, the Fed should keep the policy rate in its existing range of 4.25%-4.50% as inflation remains a significant concern.
Source: YAHOO