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Category: Economy

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Latest News (22463 articles)

Economy Bloomberg
91d ago
Eye Care Firm SpyGlass Pharma Soars 50% After $150 Million IPO

SpyGlass Pharma Inc. shares jumped 50% in the biopharmaceutical firm’s trading debut after it raised $150 million in an initial …

SpyGlass Pharma Inc. shares surged 50% on their trading debut after raising $150 million in … High (90%)
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Economy Bloomberg
91d ago
BlackRock’s Rieder Dumps US Credit in Favor of Emerging Markets

BlackRock Inc.’s Rick Rieder said he’s reducing exposure to US investment-grade and high-yield bonds while increasing holdings of emerging-market debt, …

BlackRock's Rick Rieder is shifting his investment strategy by reducing US credit exposure and increasing … High (90%)
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Economy Bloomberg
91d ago
Ron Baron’s Mega SpaceX ETF Stake Skirts SEC Illiquid Assets Cap

Ron Baron — a longtime Elon Musk investor and a newcomer to the exchange-traded fund universe — is already subverting …

Ron Baron's investment firm has taken a large stake in SpaceX through an ETF, potentially … High (80%)
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Economy Bloomberg
91d ago
Dollar Set to Halt Three-Week Drop as Gold Rally Ends, Yen Falls

The dollar is headed toward its first weekly gain since early January as turmoil in broader financial markets drove investors …

The US dollar is expected to experience its first weekly gain since early January due … High (80%)
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Economy Bloomberg
91d ago
Wall Street Bonuses Jump 10%

After a banner year in dealmaking, Wall Street is paying up. JPMorgan, Goldman Sachs, and Bank of America are boosting …

Wall Street banks are increasing bonus pools by at least 10% following their highest annual … High (90%)
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Economy Bloomberg
91d ago
Impatience in Market to Determine AI Winners, Losers: Hermann

Julia Hermann, Global Market Strategist at New York Life Investments, sees impatience in the market in wanting to determine AI …

Market strategist Julia Hermann believes the market is being overly impatient in trying to determine … High (70%)
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Economy Bloomberg
91d ago
See Robust Demand for US Fixed Income: Berro

Kelsey Berro, Fixed Income Portfolio Manager at JPMorgan Asset Management, discusses UK gilts, the US Treasury market and tech credit …

Kelsey Berro, a Fixed Income Portfolio Manager at JPMorgan Asset Management, expects robust demand for … High (90%)
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Economy Bloomberg
91d ago
Cantor Takeover to Shrink O’Connor Footprint in Asia and Europe

Cantor Fitzgerald LP is shedding much of O’Connor’s presence outside of the US following its acquisition of the hedge fund …

Cantor Fitzgerald LP is downsizing O'Connor's international presence after acquiring the hedge fund from UBS … High (70%)
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Economy Bloomberg
91d ago
Cboe to Launch Binary Event Wagers in Prediction Markets Push

Exchange operator Cboe Global Markets Inc. plans to roll out options contracts that will enable binary bets on event outcomes, …

Cboe Global Markets Inc. is launching binary event wagers in prediction markets, allowing users to … High (90%)
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Economy Bloomberg
91d ago
Yen Weakness, Rising Rates are Risks for Equities: Nishihara

Rie Nishihara, Chief Japan Equity Strategist at JPMorgan Securities, says corporate earnings and reform will be a driving factor for …

Japan equities are expected to be driven by corporate earnings and reform, but face risks … High (70%)
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Economy Bloomberg
91d ago
Sports App Sleeper to Partner With Kalshi on Prediction Markets

A fantasy sports app that once sued the US derivatives regulator will partner with Kalshi Inc. to offer wagers on …

Sleeper, a fantasy sports app, is partnering with Kalshi to offer prediction markets, entering the … High (80%)
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Economy Bloomberg
91d ago
Hedge Funds Hit by Worst Day in Months Amid AI-Fueled Rotation

The turmoil unleashed in stocks this week by worries about the impact of artificial intelligence has rattled a slew of …

Hedge funds experienced their worst day in months due to AI-fueled market rotation, impacting their … High (90%)
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