Ethena and FalconX have created a $1 billion secured lending facility that uses assets backing the USDe synthetic dollar to fund overcollateralized loans for institutional borrowers. FalconX will originate and manage these loans through a special purpose vehicle, with qualified custodians holding collateral exceeding loan values to mitigate risk. This facility adds a new source of returns to USDe's backing portfolio, which already includes crypto collateral, derivatives, and institutional loans. The partnership aims to expand secured institutional lending as demand grows, though specific loan terms remain undisclosed.
During the recent market sell-off, Cathie Wood's Ark Invest purchased $27 million worth of Nvidia shares and $16 million of Broadcom shares. These significant buys by a well-known investor suggest confidence in these tech stocks despite broader marke...
Deutsche Bank lowered Intuit's price target to $425, still implying a 16.76% upside from its current price of around $364. Intuit shows strong business performance with AI-driven software improvements and is recommended as a growth stock by analysts....
Walmart faces increased competition from Amazon in higher-margin retail categories despite leading U.S. grocery spending. Oppenheimer downgraded Walmart from "Outperform" to "Perform" and removed its $140 price target, citing risks including pharmacy...
Viking Holdings reported better-than-expected Q2 earnings with revenue up 16.5% to $2.19 billion and EPS of $1.31, beating estimates. The growth was driven by adding seven river and two ocean vessels, increasing passenger cruise days by 10.9%. Howeve...
Belden, Inc. reported a record second-quarter revenue of $750.20 million, driven by its role as a key supplier in AI infrastructure. Analysts raised the price target to $170, suggesting a potential 31.68% upside from the current price of around $129....
