When the Supreme Court decided last week to keep the controversial Consumer Financial Protection Bureau (CFPB) funded, some were surprised that Justice Clarence Thomas split from some of his conservative colleagues, writing the majority opinion to keep the CFPB intact. In a 7-2 decision, the court held that Congress uniquely authorized the bureau to draw…
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing. from Bloomberg Markets https://ift.tt/UcCowHu
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing. from Bloomberg Politics https://ift.tt/UcCowHu
Federal Reserve Bank of Minneapolis President Neel Kashkari said policymakers should take their time in monitoring whether inflation is slowing enough to warrant interest-rate cuts. from Bloomberg Markets https://ift.tt/6Cdz0LX
German real estate firm Adler Group SA posted a €81 million ($88 million) loss in the first quarter as it struggled with high interest and advisory costs linked to its second major debt overhaul. from Bloomberg Markets https://ift.tt/cWe4kgY
European markets turned slightly lower in mixed morning trade following a quiet previous session. https://www.cnbc.com/2024/05/28/european-markets-open-to-close-ftse-100-dax-cac-40.html
The recent approval of spot Ethereum exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) has sparked discussions about the potential for other crypto ETFs, particularly those tied to Solana (SOL) and other altcoins. However, JPMorgan, a leading investment bank, remains skeptical about the SEC’s willingness to approve such funds. TLDR JPMorgan…
Italian financial services specialist DoValue SpA is close to an accord with a pool of banks for about €450 million ($489 million) in credit facilities, a key step to finalize a combination with Elliott Investment Management’s Gardant SpA servicing unit. from Bloomberg Markets https://ift.tt/rImYPop
China’s quantitative hedge funds saw their assets drop last quarter for the first time since late 2022, after the nation’s stock-market meltdown hit performance and eroded investor confidence in their algorithm-driven trading strategies. from Bloomberg Markets https://ift.tt/OqByS41
TL;DR A trader turned a $2,700 investment in Shiba Inu into $1.24 million after holding for over three years. Still, dealing with meme coins can be quite risky due to their extreme volatility, often leading to significant losses, so investors should be mindful. Patience Is a Virtue The cryptocurrency sector, particularly the meme coin realm,…