By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, June 24 (Reuters) – Stocks rebounded on Wednesday from a rout in technology shares partly driven by concerns about stretched valuations, while the dollar climbed to a one-year peak. Technology stocks, which were hit hard on Tuesday, edged up ahead of earnings from chipmaker Micron, whose products…
Lime, the Uber-backed electric scooter and bike sharing startup, has applied to list on the Nasdaq stock exchange. The company aims to raise $181.9 million, potentially valuing it at $1.8 billion. Most Read from Fast Company After nearly five years of teasing the move, Lime—formally known as Neuron Holdings—plans to sell nearly 7 million shares…
The Bank of England has published its proposed rules to govern stablecoins. The rules come in the form of a policy statement and establish a framework for the United Kingdom’s stablecoin regime. Stablecoins are cryptocurrencies whose value is pegged to another asset, typically the U.S. dollar or another currency such as the British pound. More…
Cboe Global Markets (BATS: $CBOE) has launched a prediction market tied to the performance of the benchmark S&P 500 stock index. Cboe is an American financial exchange operator and runs the largest exchange for trading options contracts. The company has launched a new platform called “Cboe Predicts” that’s linked to the S&P 500 Index. More…
Quick Read WEEK automates the Treasury ladder process: Instead of manually buying and rolling Treasury bills through TreasuryDirect, the ETF handles reinvestment and distributes income weekly. The yield comes from short-term Treasury bills: WEEK currently offers a 3.46% 30-day SEC yield while maintaining relatively stable share prices around the $100 level. Tax efficiency is a…
By Chris Prentice, Dawn Kopecki and Isla Binnie WASHINGTON, June 24 (Reuters) – The U.S. Securities and Exchange Commission’s enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not wish to sell, as the agency explores potential issues in…
By Pete Schroeder WASHINGTON, June 24 (Reuters) – Financial markets will gain a fresh glimpse into the overall health of the largest U.S. banks on Wednesday when the Federal Reserve releases the results of its latest stress test. The results will reflect the health of 32 banks, including JPMorgan and Bank of America, but will…
Here’s a look at how today’s high-yield savings account rates stack up. The Federal Reserve cut the federal funds rate three times in 2025, which means deposit rates have been steadily declining. So far in 2026, the Fed has left interest rates unchanged. It’s more important than ever to ensure you’re earning the highest rate…
Find out which banks are offering the best money market account rates right now. As interest rates have remained stable due to the Fed leaving rates unchanged so far in 2026, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a…
FRANKFURT, June 24 (Reuters) – Only a small fraction of euro zone firms use artificial intelligence intensely and they tend to be small, young, service-oriented companies, leaving plenty of room for diffusion, a European Central Bank blog post said on Wednesday. The vast majority of firms now say they have been using AI but economists…
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