Belarusian President Alexander Lukashenko is urging the nation’s banks to ramp up their use of digital assets in a bid to blunt the impact of Western sanctions. “Today, cryptocurrency-based transactions are more active than ever, and their role in facilitating payments is growing,” Lukashenko said in a meeting held on Tuesday with officials from the
Semiconductor stocks climb as Broadcom drives sector gains in Wednesday trading Key Takeaways Broadcom outperformed its semiconductor peers in Wednesday’s trading session. The chip sector saw strong gains, with Broadcom leading the advance Broadcom led a rally in semiconductor stocks today as the chip sector posted strong gains during Wednesday trading. The stock’s performance helped
Key Takeaways CME Group has introduced rolling futures indices spanning six major asset classes: agriculture, crypto, energy, FX, Treasury, and metals. These indices serve as transparent and replicable benchmarks for their respective markets. CME Group launched rolling futures indices today, providing benchmarks across agriculture, crypto, energy, foreign exchange, Treasury, and metals markets. The new indices
U.S. stocks rose on Wednesday as investors reacted to new producer price index inflation data, and Oracle’s stock soared on a strong revenue forecast. Summary S&P 500 jumped 0.5% as stocks amid the latest PPI report. Oracle shares jumped 40% and were on pace for biggest gains single-day gains since 1992. The S&P 500 index
Persistent inflation and limited access to hard currencies are the unlikely accelerants behind the boom. For many, crypto is not an investment choice but a necessary tool for preserving savings and accessing global markets. Summary Sub-Saharan Africa’s crypto economy surged 52% to $205 billion in annual flows, Chainalysis reports, making it the world’s third-fastest-growing region.
Oracle Corp. stock rocketed as much as 40% in intraday trading—a rally so dramatic, it appears to have set a record for any company valued north of $500 billion. The trigger? A bold AI strategy finally paying off. At the heart of today’s fireworks is Oracle’s up-close-and-personal pivot into artificial intelligence infrastructure. The company revealed
Coinbase and Block are the first crypto-native companies that were added to the S&P 500 stock market index. There was much talk that Michael Saylor’s Strategy will be the next one soon. Market analyst Jeff Walton said it’s a 91% chance that Strategy will succeed. However, the committee rejected the company. At the same time,
The Healthcare of Ontario Pension Plan Trust Fund, which manages about C$112 billion for nearly 460,000 healthcare workers, has just taken a US$31 million position in MicroStrategy shares. In dollar terms, this isn’t massive for a pension of that size, but the signal is hard to miss. It is one of the first large Canadian
While the FED has been pausing interest rate cuts since January, a rate cut is now considered inevitable. At this point, it seems certain that the FED will not cut interest rates at next week’s meeting. While it is unlikely that interest rates will remain unchanged, a 25 basis point cut by the FED is