U.S. equity markets ended the week mixed but resilient, with the S&P 500 reaching a new record high. Market expectations for a Federal Reserve rate hike in September have dropped sharply from 72% to 32%, influenced by softer inflation data and weaker retail sales. Tax-exempt municipal bonds showed strong performance, outperforming U.S. Treasuries, especially in intermediate and longer maturities. Treasury yields were mixed, with short-term yields falling and longer-term yields rising slightly, while investment-grade corporate spreads widened and taxable municipal spreads tightened.
Jane Street disclosed owning more than $1 billion in U.S. spot Bitcoin ETF shares as of June 30, 2026, with about $828 million invested in BlackRock's iShares Bitcoin Trust (IBIT). This represents a significant rebound from the previous quarter when ...
Bitcoin climbed above $64,000, marking the only major cryptocurrency with a notable daily gain while others slipped or stayed flat. Publicly listed bitcoin miners have reduced their computing power by 21% over three quarters to shift capacity towards...
Jeonbuk Bank, a regional South Korean bank, has replaced the traditional SWIFT network with Ripple Payments to improve the efficiency of its cross-border transactions. This marks Ripple's third partnership in South Korea in 2026, highlighting its gro...
Mercury NZ Limited reported a 36% increase in EBITDAF to $1,068 million for fiscal year 2026, fueled by higher renewable energy production and strict cost management. Operational expenses were reduced by $26 million from the previous year, meeting th...
Ecopetrol, through its subsidiary Ecopetrol Investimentos, completed the acquisition of a 51% controlling stake in Brava Energia for approximately $1.2 billion. This strategic move expands Ecopetrol's footprint in Brazil, enhancing its portfolio with...
