SEOUL, June 15 (Reuters) – South Korea’s Mirae Asset Securities apologized to investors on Monday for failing to secure an allocation of SpaceX shares from the U.S. company’s initial public offering, adding that it would consider financial compensation for those affected. In a letter to clients reviewed by Reuters, Mirae Asset Securities co-CEOs Kim Mi-seob…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors jump over the…
Baron Capital, an investment management company, released its Q4 2025 letter for its “Baron Real Estate Fund”. A copy of the letter is available to download here. Baron Real Estate Fund was recognized as the Best Real Estate Fund Over Three Years at the 2026 LSEG Lipper Funds Awards, reflecting the three-year performance ending December 31,…
Short-sellers of out-of-the-money (OTM) ConocoPhillips (COP) put options expiring in one month can make 1% or more. COP stock has fluctuated with oil prices as the war in Iran has waned. Investors can play this by shorting OTM COP puts. COP closed at $116.98 on Friday, June 12, up about 1.4%. But, it’s still down…
Closely followed investor Cathie Wood bought more than $500 million U.S. of SpaceX (NASDAQ: $SPCX) stock on the day of the company’s initial public offering (IPO). Through her asset management firm ARK Invest, Wood bought 3.3 million shares of SpaceX on June 12, the day of its market debut, building a stake worth more than…
Cryptocurrency treasury firm Strategy (NASDAQ: $MSTR) acquired $100 million U.S. of Bitcoin (CRYPTO: $BTC) over the past week before the price surged on June 15. Strategy bought 1,587 BTC at an average price of $63,024 U.S. in the past week. The company’s total holdings now stand at 846,842 Bitcoin worth $56 billion U.S. The latest…
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 1 basis point today to 6.35%, just 1 basis point higher than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 7 basis points today to 5.78%, 5 basis points lower than the average 15-year refinance rate. Finally,…
On Friday, SpaceX (SPCX) stock closed at $160.95 per share, rising more than 19% from its IPO price of $135 and valuing the company at $2.1 trillion, according to Yahoo Finance data. That makes Musk’s rocket, satellite, and AI company his most valuable, even more than Tesla (TSLA), which also rose Friday and has a…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. It’s Warsh’s world; we just live in it. The Federal Open Market Committee (FOMC) meets for the first time this week under new Federal Reserve chair Kevin Warsh. With the labor market looking solid but…
Woodside Energy has moved to quell market speculation, stating it is not aware of any proposal from Exxon Mobil and is not engaged in discussions regarding a potential transaction with the U.S. supermajor. The brief statement was issued in response to media reports that Exxon Mobil has been internally assessing potential acquisition targets, including Woodside,…
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