News
Bitunix Analyst: The Stock Market Is About to Have a Very Bad Summer
12+ hour, 11+ min ago (629+ words) The 10-year Treasury yield has broken above 4. 5%, the 30-year is back above 5% and Morgan Stanley has warned that current yield levels are entering a danger zone that could trigger a significant correction in U. S. equities. But according to Dean Chen, analyst…...
Oil, LNG Tankers Exit Strait of Hormuz As Shipping Shows Signs Of Recovery
13+ hour, 59+ min ago (408+ words) A small number of oil and liquefied natural gas (LNG) tankers have successfully exited the Strait of Hormuz, signaling a modest increase in shipping activity through one of the world's most important energy chokepoints after nearly three months of disruption…...
Fifth Third Bank Buys Comerica: What the $10. 9 Billion Deal Really Means for US Banking and Your Money
7+ mon, 2+ week ago (260+ words) The merger is scheduled to close by the first quarter of 2026, pending the necessary regulatory and shareholder approvals. In the new leadership structure, Curt Farmer, Comerica's current CEO, will become Vice Chair, and Peter Sefzik, Comerica's chief banking officer, will…...
Fiserv Stock Crashes 44% With CEO Exit, $30 Billion Wiped Out
6+ mon, 3+ week ago (459+ words) Fiserv's shares plummeted 44 per cent on Wednesday, wiping out over "24 billion ($30 Billion) in market value after the fintech giant cut its growth outlook and revealed a sharp slowdown in its payment business. The collapse, one of the steepest in the…...
Avis Budget Group Stock Explodes 15% on Massive Short Squeeze Frenzy Amid Travel Demand
1+ mon, 4+ day ago (414+ words) Avis Budget Group Inc. shares continued their meteoric rise Tuesday, surging more than 15% in early trading to $700. 51 as one of the most intense short squeezes in recent memory showed no signs of easing, with short interest exceeding 50% of the float…...
Nvidia Says $200 Billion CPU Market Opportunity Includes China Despite Ongoing Chip Restrictions
2+ day, 16+ hour ago (374+ words) Nvidia CEO Jensen Huang said the company's projected $200 billion market opportunity for central processing units (CPUs) includes China, signaling that the chipmaker continues to see significant long-term demand from one of the world's largest technology markets despite ongoing trade and…...
40, 000 Ordered To Evacuate As Chemical Tank Threatens Explosion In Southern California
2+ day, 18+ hour ago (389+ words) International Business Times About 40, 000 residents in Southern California were under evacuation orders Friday after an overheating storage tank containing a hazardous industrial chemical raised fears of a potentially dangerous leak or explosion at an aerospace manufacturing facility in Orange County....
Iran Moved Hundreds Of Millions Through Binance Despite Sanctions Scrutiny: Report
3+ day, 12+ hour ago (323+ words) Iran allegedly continued moving large sums of money through the world's largest cryptocurrency exchange Binance despite years of sanctions enforcement and regulatory scrutiny, according to a new report that cited internal compliance documents. Documents reviewed by The Wall Street Journal…...
Top Pension Fund Faces Fresh Scrutiny After Independent Probe Alleges Secrecy, Weak Returns And Oversight Gaps | IBTimes
3+ day, 10+ hour ago (460+ words) Cal PERS serves approximately 2. 4 million current and retired public employees and is widely viewed as one of the most influential institutional investors in the world. Its investment decisions are closely watched across the pension industry because public retirement systems nationwide…...
Anthropic Set To Raise Additional $30 Billion For $900 Billion Valuation: Report
3+ day, 9+ hour ago (428+ words) Anthropic is set to close a new round of funding, which could exceed $30 billion, according to a new report. Bloomberg detailed that the company could reach a valuation above $900 billion following the round, which could take place as soon as…...