Japan’s top financial regulator is preparing to authorize the issuance of yen-denominated stablecoins as early as this fall, paving the way for the country’s first domestically backed digital currency tied to fiat, according to Nikkei. Tokyo-based fintech JPYC is expected to spearhead the launch, with its registration as a money transfer provider scheduled for completion […]
Key Points to Watch Out For: Novo Nordisk (NVO): FDA Approval for Wegovy The FDA approved Wegovy for the treatment of a form of liver disease. Shares gained nearly 5.5% in Denmark. Wegovy, already known as a weight-loss drug, is now cleared for this additional indication, strengthening Novo Nordisk’s market position. Soho House (SHCO): Move […]
U.S. stock index futures edged lower Monday, consolidating after last week’s gains as investors looked ahead to a meeting between Ukraine President Volodymyr Zelensky and U.S. President Donald Trump in Washington, alongside the closely watched Jackson Hole Symposium. At 05:35 ET (09:35 GMT), Dow Jones Futures slipped 33 points, or 0.1%, S&P 500 Futures declined […]
The U.S. dollar inched higher Monday as markets turned their focus to diplomatic efforts aimed at ending the war in Ukraine and the closely followed Federal Reserve’s Jackson Hole symposium. At 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was up 0.2% at 97.890, recovering […]
In the cryptocurrency and blockchain ecosystem, digital wallets are essential for managing and securing digital assets. Available in both software and hardware formats, wallets allow users to send, receive, and store cryptocurrencies securely, ensuring exclusive access to funds through cryptographic keys. A wallet does not store cryptocurrencies directly. Instead, it safeguards the public and private […]
Key Points to Watch Out For: CoreWeave (CRWV): wider loss and premarket slide The AI-focused cloud provider posted a quarterly loss larger than expected, though revenue more than tripled. Shares fell 9% premarket. Bullish (BLSH): debut and $1.1B raised Shares of the crypto exchange operator start trading Wednesday. The CoinDesk owner raised $1.1 billion in […]
U.S. stock index futures advanced Wednesday, extending recent gains after softer inflation data reinforced expectations for a Federal Reserve interest rate cut next month. At 06:10 ET (10:10 GMT), Dow Jones Futures rose 130 points, or 0.3%, S&P 500 Futures added 15 points, or 0.2%, and Nasdaq 100 Futures gained 65 points, or 0.3%. All […]
The U.S. dollar extended its decline on Wednesday after subdued inflation data reinforced expectations for a Federal Reserve rate cut next month. At 04:25 ET (08:25 GMT), the Dollar Index — which measures the greenback against a basket of six major currencies — slipped 0.4% to 97.540, following a 0.5% drop in the previous session. […]
The EUR/USD advanced during Tuesday’s session, supported by mixed US inflation data and comments from President Donald Trump targeting Federal Reserve Chair Jerome Powell. At the time of writing, the pair trades 0.50% higher at 1.1673. Market sentiment remained constructive, with US equities gaining after the latest Consumer Price Index (CPI) release. Headline inflation was […]
Key Points to Watch Out For: Intel (INTC): Pre-market rebound after Trump meeting Shares advanced in premarket trading after President Trump described his meeting with the chipmaker’s CEO as “very interesting.” Last week, Trump called for the removal of Lip-Bu Tan over his links to Chinese businesses. Celanese (CE): Weak demand and lower-than-expected guidance The […]
