Russian President Vladimir Putin announced a unilateral two-day ceasefire in the Russia-Ukraine conflict. The ceasefire, running from May 7 to May 8, was framed around security concerns ahead of Russia’s Victory Day celebrations on May 9. Crypto markets responded with a modest exhale. Bitcoin climbed 1.2% to $68,400, while Ethereum ticked up 0.8% to $3,200.
Ripple ($XRP), one of the most followed altcoins in the cryptocurrency market, continues to experience remarkable growth in exchange-traded funds (ETFs). According to the latest data, the total assets under management (AUM) of $XRP-focused ETFs has reached $1.18 billion, while the amount of $XRP held in ETF vaults has risen to 847.88 million. This figure
Bank of America has revised its expectations regarding the Federal Reserve’s interest rate reduction process. According to the bank’s latest forecast, no further rate cuts are expected this year due to high inflation and a strong employment outlook. The institution also predicted that rate cuts could be postponed until the second half of 2027. The
Twelve stocks in the S&P 500 have more than doubled in value so far this year. SanDisk isn’t just doubling. It’s up as much as 558% year-to-date, making it the index’s runaway leader and one of the most dramatic single-stock rallies in recent memory. The company, which trades on the Nasdaq under the ticker SNDK,
China just posted its strongest export month of the year, and the timing couldn’t be more politically charged. April exports jumped 14.1% year-over-year, blowing past economist expectations and snapping back from a disappointing March that had traders questioning the health of the world’s second-largest economy. The rebound, released on May 9, lands roughly a week
While most of Wall Street spends its time worrying about stagflation, Cathie Wood is reading a completely different script. The ARK Invest CEO has been making the case that US inflation is not just falling, but falling dramatically faster than consensus expects, with real-time data suggesting the core inflation rate sits around 1%. The numbers
Amazon just dropped $44.2 billion in a single quarter on capital expenditures. That’s not a typo. The figure represents a 77% increase from the $25 billion the company spent in the same period last year, and it signals that Amazon’s AI spending spree is accelerating, not slowing down. The numbers behind Amazon’s AI bet The
José Luis Escrivá, one of the European Central Bank’s most vocal voices on modernization, is pushing central banks to take a hard look at whether their financial infrastructure can survive the AI era. His message is straightforward: the systems that underpin European finance were not built for a world where machine learning models can move
BlackRock (BK), the world’s largest asset manager, overseeing $14 trillion in assets, is deepening its push into tokenized finance with a pair of new filings tied to blockchain-based U.S. Treasury and money-market funds. In a Friday filing with the U.S. Securities and Exchange Commission (SEC), the asset management giant proposed launching the BlackRock Daily Reinvestment