Wall Street was upbeat at Wednesday’s open as stocks climbed to extend their winning streak, with the S&P 500 hovering at record highs and top altcoins leading the latest crypto rally. Summary Stocks rose on Wednesday to extend gains, with S&P 500 and Nasdaq edging higher after hitting record highs. Wall Street is bullish on
Former Dallas Fed President and Goldman Sachs Vice Chairman Robert Kaplan said the Fed is likely to cut interest rates in September. Kaplan stated that weak employment data and slowing demand supported this decision. Kaplan argued that while the current unemployment rate appears strong on the surface, the labor market is actually weaker. “Employment growth
Donald Trump’s dismissal two weeks ago Bureau of Labor Statistics Commissioner Erika McEntarfer and nomination of EJ Antoni as her replacement is generating plenty of “inside baseball” chatter among the political class. But did the president — as uncouth and ham-handed as his methods are — stumble upon a truth that was hiding in plain
Shares of crypto exchange Bullish (BLSH) soared to $102 in initial trades on Wednesday, their first day of action on the New York Stock Exchange. The company priced its initial public offering (IPO) at $37 per share, above the expected $32 to $33 range. That price valued the Cayman Island-based crypto exchange at a total
The financial world is buzzing with news of a significant development involving a prominent figure. Donald Trump Jr. has recently completed a substantial Trump Jr. Thumzup stock sale, generating considerable interest across investment circles. This move comes shortly after Thumzup, the company in question, announced its innovative shift towards a Thumzup crypto treasury strategy, adding
Following the US inflation data released yesterday, expectations for the first interest rate cut of 2025 increased in September. While the 25 basis point interest rate cut in September is priced in at over 90%, calls for the Fed to cut interest rates in the US continue unabated. At this point, the final call came
As reported on CoinDesk, institutional capital is flooding into digital assets at an unprecedented pace, with JPMorgan forecasting $60 billion in inflows by 2025—outpacing private equity and private credit. But beyond the headline numbers lies a deeper transformation: institutions are not just investing in crypto, they’re rewiring how capital itself moves. — From Static Assets
The world of corporate finance is witnessing a significant shift as companies increasingly explore the potential of digital assets. A notable development comes from Nasdaq-listed 707 Cayman Holdings, which is embarking on a strategic journey to build a substantial crypto treasury. This move highlights a growing trend in how traditional businesses view and integrate cryptocurrencies.