Goldman Sachs Reports Unhedged Japanese Investors Are Keeping Capital Abroad
Unhedged Japanese investors show no signs of bringing funds home, keeping global assets steady while hedged banks sell foreign bonds.
Market news
Every story explained in plain English, with the prices that matter beside it.
OpenAI Revenue Misses Estimates as Tech Shares Slide and Oil Prices Climb
OpenAI posted a $50 billion revenue run-rate, missing earlier projections and pulling down tech shares, while oil climbed on fresh maritime sanctions.
Bitcoin Drops Below $81,000 as Middle East Tensions Send Oil Prices Higher
Bitcoin hit its lowest level since late September as rising geopolitical tensions pushed oil prices up and fueled inflation fears among investors.
Nikkei Falls for Third Session on Tech Drag While Hang Seng Advances
The Nikkei 225 fell on U.S. tech losses and weak household spending, while Hong Kong's Hang Seng Index rose and other regional markets remained closed.
Andrew Fox Takes CEO and Chairman Roles at Powerus Corporation with 14.2% Stake
Andrew Fox has disclosed a 14.2% stake in Powerus Corporation after its recent merger, taking over as CEO and Chairman to guide company operations.
Retension Pharmaceuticals Prices Upsized IPO at $12 per Share to Raise $45 Million
Retension Pharmaceuticals priced its upsized initial public offering at $12 per share, raising $45 million to fund its clinical pipeline.
IPOsBullish
Retension Pharmaceuticals Prices Upsized IPO at $12 Per Share to Raise $45 Million
Retension Pharmaceuticals has priced its upsized initial public offering at $12.00 per share to fund clinical trials for its hypertension drug candidate.
Tachyon Co-Founder Sean Bowe Criticizes Ethereum Researcher Justin Drake Over Quantum Threat Warnings
Tachyon co-founder Sean Bowe warned that vague quantum threat alerts from Ethereum researcher Justin Drake could damage industry credibility.
Dark-Web Empire Market Co-Founder Sentenced to 40 Years in US Prison
An Empire Market co-founder has received a 40-year US prison sentence and must forfeit major Bitcoin and Ether holdings.
TRex Bio Prices Initial Public Offering at $14 Per Share to Raise $116.7 Million
Immunology biotech TRex Bio has priced its market debut at $14 per share, raising $116.7 million to support its clinical pipeline as trading begins.
TRex Bio Prices Initial Public Offering at $14 Per Share to Raise $116.7 Million
Clinical-stage biotech firm TRex Bio priced its initial public offering to raise $116.7 million, with trading set to begin on the Nasdaq.
Goldman Sachs Forecasts Two Fed Rate Hikes Following Hawkish Christopher Waller Comments
Federal Reserve Governor Christopher Waller's hawkish comments suggest more rate hikes are coming, prompting Goldman Sachs to adjust its forecast.
Australian Dollar Heading for First Weekly Gain in Five Weeks as US Yields Fall
The Australian dollar rose toward 0.70 US dollars, tracking its first weekly gain in five weeks as a drop in US Treasury yields weakened the greenback.
AST SpaceMobile Shares Drop as SpaceX Acquires Key Wireless Spectrum
AST SpaceMobile shares fell after SpaceX agreed to buy nationwide 800 MHz spectrum from Grain Management, blocking a key asset AST had pursued.
Oracle Slumps on AI Concerns While Chipotle Surges on Starbucks Takeover Rumors
Oracle shares fell on AI revenue concerns, while Chipotle climbed following reports of a potential acquisition by Starbucks.
Hong Kong SFC Adds Finanx AI to Unlicensed Companies List
The Hong Kong SFC has added Finanx AI to its unlicensed companies list after the firm promoted suspicious tokens promising high returns to local investors.
RegulationBearish
Extended to Migrate Settlement Network From Starknet to Arc
On-chain trading platform Extended will migrate its settlement network from Starknet to Arc, requiring some users to withdraw USDT or wBTC.
Taiwan and Japan Futures Fall as Energy and Tech Concerns Weigh on Asian Markets
Nikkei and Taiwan futures declined overnight as rising oil prices and concerns over OpenAI revenue weighed on technology and semiconductor shares.
Gasoline Futures Hold Gains Above $3.30 Amid Global Supply Risks
US gasoline futures hold above $3.30 per gallon as geopolitical tensions and hurricane shutdowns offset an unexpected rise in domestic inventories.
Nasdaq Falls 1.25% as OpenAI Revenue Concerns Weigh on AI and Tech Stocks
The Nasdaq Composite index slid 1.25% as lower-than-expected OpenAI revenue pressured tech shares, while rising oil prices added to market volatility.