In a fluctuating economic landscape, U.S. Treasury yields witnessed a decline on Tuesday, as the trajectory of interest rates and the timing of potential cuts remained uncertain. The 10-year Treasury yield experienced a drop of approximately 8 basis points, settling at 4.087%, while the 2-year Treasury yield also saw a decrease of over 7 basis […]

Over the past five years, equity long-short hedge funds, a cornerstone of the hedge fund industry, have grappled with significant client withdrawals totaling nearly $150 billion. Investors, disillusioned by these funds’ inability to navigate bull markets effectively or shield against downturns, are increasingly turning away from the strategy. Equity long-short funds, which traditionally seek to […]

In a recent move aimed at curbing fraud, money laundering, and other illicit uses of U.S. currency, Iraq has prohibited eight local commercial banks from engaging in U.S. dollar transactions. The decision follows a visit by a high-ranking U.S. Treasury official and is seen as a part of a broader crackdown on currency smuggling, particularly […]

On Tuesday, AI-related companies witnessed a staggering loss of $190 billion in stock market value, triggered by lackluster quarterly performances from industry leaders Microsoft (MSFT.O), Alphabet (GOOGL.O), and Advanced Micro Devices (AMD.O). The underwhelming results failed to meet the high expectations of investors who had previously driven these stocks to record highs during a recent […]

In a recent interview with Yahoo Finance, Rachel Aguirre, the U.S. Head of BlackRock’s iShares Products, expressed her satisfaction with the launch and initial performance of the iShares Bitcoin Trust (IBIT), the company’s spot-based Bitcoin exchange-traded fund (ETF). Within the first two weeks of trading since receiving approval from the Securities and Exchange regulator, IBIT […]

Facing growing unease from traders over the safety of the world’s largest cryptocurrency exchange, Binance has yielded to customer pressure by enabling certain larger traders to hold their assets with independent custodians. This move comes in the wake of the exchange being fined by US authorities last year. Previously, Binance clients were limited to holding […]

In an effort to curb a deepening stock market decline, China has officially restricted short selling after previous informal measures failed to yield the desired results. The Shenzhen and Shanghai bourses announced on Sunday that investors purchasing shares will not be allowed to lend them for short selling within an agreed lock-up period. The new […]

Sales of mutual funds focused on climate initiatives have experienced a sharp decline of 75% over the past two years, grappling with a combination of challenges ranging from high-interest rates to lackluster performance and a political campaign in the United States against socially conscious investments. According to provisional figures from data provider Morningstar, climate-focused funds […]

In an effort to counter the recent slump in the Chinese stock market, authorities in China are contemplating a comprehensive package of measures, according to sources familiar with the matter. Previous attempts to restore investor confidence fell short, prompting Premier Li Qiang to call for “forceful” steps. Insiders reveal that policymakers are considering mobilizing approximately […]

The Brazilian real experienced a sell-off on Monday following the announcement of a new industrial development plan by leftist President Luiz Inacio Lula da Silva, aimed at revitalizing the country’s sluggish growth through state credits and subsidies over the next decade. Lula, seeking to replicate the strategies from his 2003-2010 presidential terms, expressed the need […]