Susan Collins, president of the Boston Federal Reserve, used a May 7 appearance on Bloomberg’s “Big Take” podcast to deliver a message crypto investors probably didn’t want to hear: interest rates aren’t going anywhere. Collins pointed to energy shocks stemming from the Iran conflict as a major force keeping inflation stubbornly above the Fed’s 2%
Lumentum Holdings, the photonics and optical technology company trading under the ticker LITE, is being added to the Nasdaq-100 Index effective May 18, 2026. It replaces CoStar Group (CSGP) in the index that tracks the 100 largest non-financial companies listed on the Nasdaq exchange. The inclusion caps one of the more remarkable growth stories in
Trump Media & Technology Group (DJT) reported a net loss of approximately $405.9 million for the first quarter of 2026, with the company attributing the bulk of the decline to write-downs on its cryptocurrency and stock holdings. In its quarterly filing, the company stated that unrealized losses from digital assets and equity investments reached roughly
Traditional finance firms are expanding into crypto prediction markets as event-based contracts draw deeper liquidity. Chainalysis said inflows have risen sharply since September 2024, supported by retail traders, market makers, and institutions. Key Takeaways: Traditional firms are expanding their presence as crypto prediction markets attract deeper liquidity. Retail activity helped draw market makers, institutions, and
The financial market has witnessed another massive leveraged trade gone wrong. A trader betting heavily against the Nasdaq 100 and S&P 500 now faces more than $1.9 million in unrealized losses. The situation became even more dramatic after the trader deposited another $1 million $USDC to avoid liquidation. The move immediately sparked discussions across crypto
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. JPMorgan has reclassified JPMorgan AI investment as core infrastructure, treating its $2bn annual budget as non-negotiable as cybersecurity. The world’s largest bank has moved its AI spending out of the discretionary innovation
Think of it like a water balloon. Squeeze one side, the other side bulges. That, in essence, is what Federal Reserve Vice Chair for Supervision Michelle Bowman told attendees at the Hoover Institution on May 8: a decade of post-crisis banking rules has squeezed corporate lending out of regulated banks and into the hands of
Goldman Sachs has delayed its Federal Reserve rate cut forecast by one quarter. The bank now expects the first cut in December 2026 and the second in March 2027. Energy cost passthrough is keeping core PCE inflation closer to 3% than the Fed’s 2% target, pushing back the timeline for any policy easing. April’s nonfarm
Intel just had the kind of day most companies dream about. Shares of the chipmaker surged between 10% and 19% on May 8, 2026, after reports surfaced that Intel Foundry had reached a preliminary agreement to manufacture processors for Apple devices. The rally wasn’t contained to a single ticker. Intel’s explosive move helped push both
The US Treasury is drawing a line in the sand for foreign banks doing business with Iran, and two Chinese financial institutions are already feeling the heat. Treasury Secretary Scott Bessent issued a formal warning on April 15 directed at countries engaging in commerce with Iran, making clear that their financial institutions could face secondary