Bitcoin climbs above $62,000 on the Fed's jumbo interest rate cut
Bitcoin popped up over $60,000 and kept climbing early Thursday after the Federal Reserve slashed interest rates.
Tech Tactics: Attentive AI Scales Personalized Text and Email Marketing Solution Globally, Boosting Brands Like Tecovas
The artificial intelligence-powered SMS and email marketing platform launched AI Pro—a cutting-edge suite of tools designed to enhance marketing messaging—internationally.
Top Stock Movers Now: US Steel, VF Corp., ResMed, and More
Major U.S. indexes were little changed at midday Wednesday, ahead of the Federal Reserve's decision on interest rates.
The more markets price in a jumbo rate cut, the more likely the Fed is to deliver, analyst says
If the market prices in upwards of an 80% chance of a 50 basis point cut, the Fed will likely follow through, BMO strategist Ian Lyngen says.
US SEC votes allow half-penny stock pricing
Wall Street's top regulator on Wednesday unanimously voted to allow stock exchanges to price many stocks in increments of half a penny, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs on the $55 trillion U.S. equities markets. The new rule should also help stock exchanges compete with off-exchange trading venues, which represent nearly half of trading volume, according to the U.S. Securities and Exchange Commission. "This will lower costs for investors as well as improve liquidity, competition and price efficiency in the markets," SEC Chair Gary Gensler said.
GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy
GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares, the agency said on Wednesday.
SEC Approves Its Overhaul of Stock Pricing, Exchange Fees
(Bloomberg) -- The US Securities and Exchange Commission has approved rules that will allow thousands of stocks and ETFs traded on exchanges to be quoted in half-penny increments.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateTo Build a Happier City, Design for DensityLondon Mayor Plans to Pedestrianize Busy Oxford StreetNew York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central,
WillScot And McGrath Scrap Merger Amid Regulatory Hurdles; Pivot To Stock Buybacks
McGrath RentCorp (NASDAQ:MGRC) shares are trading lower on Wednesday after the company announced the termination of its merger with WillScot Holdings Corporation (NASDAQ:WSC). In January, WillScot Mobile Mini inked a deal to acquire McGrath RentCorp for $3.8 billion. That time, McGrath's shareholders were offered for each of their shares either $123.00 in cash or 2.8211 shares of WillScot Mobile Mini common shares. Today, WillScot and McGrath mutually agreed to terminate the transaction after jo
Oracle Of Omaha Sends A Warning? Buffett's Aggressive Bank Of America Stock Sales Raise Eyebrows
Warren Buffett, the “Oracle of Omaha,” is at it again and people are starting to talk. He's been selling off Bank of America (BAC) stock aggressively. Almost $7.2 billion worth of shares have been sold in the last couple of months – 174 million shares in 27 of the last 39 trading sessions. Strange, right? Buffett's known for his long-term, patient approach: Buy good companies, hold forever – that's his thing. But now, he's ditching BAC, one of his favorite stocks for years. So what's going on? D
Intuitive Machines Stock Skyrockets on Big NASA Contract
Shares of Intuitive Machines blasted off nearly 60% Wednesday, a day after the space travel support firm received a NASA contract worth up to $4.82 billion.