Bitcoin slipped below $80,000 after reaching a high of $81,237, while gold retreated from a three-month peak as US Treasury bond yields fell due to an expanded bond buyback program. The Treasury's move to double liquidity-support buybacks aims to stabilize long-term yields and signals government intervention amid rising national debt. Bitcoin's strong August performance, boosted by ETF inflows and regulatory clarity, shows its growing correlation with gold as a hard asset. The sustainability of this rally depends on the impact of the buyback program starting September 9 and the evolving dynamics between the dollar and bond yields.
Since 2022, the amount of credit card debt that is 90 days overdue has almost doubled, indicating growing financial stress among borrowers. However, the rate of new delinquencies has not increased, suggesting that while existing overdue balances are ...
Schall, Brown & Schwartz LLP announced a class action lawsuit against Replimune Group for allegedly making false and misleading statements about its Biologics License Application (BLA) to the FDA. The company reportedly submitted incomplete and unpla...
Replimune Group faces a class action lawsuit alleging violations of securities laws due to false and misleading statements about its FDA study design in its Biologics License Application. The lawsuit covers shareholders who bought Replimune shares be...
Nvidia's shares rose nearly 6% in premarket trading after the company reported earnings that exceeded expectations and provided strong revenue guidance. CEO Jensen Huang highlighted that AI demand has reached an inflection point, with a significant i...
WEX highlights that the rise of embedded payments, instant payment rails, and AI is transforming payments from a simple expense to a key driver of business growth and product strategy. However, faster payments increase fraud risk and reduce time for ...
