Closed-end funds experienced broad weakness last week, with only 3 of 26 sectors showing positive price returns and an average price decline of 1.10%. The Real Estate sector outperformed, posting gains of 1.30% in price and 2.08% in net asset value (NAV). In contrast, Asia Equity and Commodities sectors underperformed. Notable corporate actions included RQI's $154 million rights offering and JOF's 10% tender offer at 98% of NAV. Distribution changes were mixed, with some funds increasing payouts and others making modest cuts. These developments reflect ongoing sector-specific dynamics and investor responses within the closed-end fund market.
Nvidia has signed agreements with eight leading Japanese industrial companies, including Toyota, Fanuc, and Kioxia, to join its Physical AI Coalition. This move strengthens Nvidia's position in the industrial AI market and confirms $1 trillion in dem...
The hacker behind the AFX Trade exploit converted 655.4 ETH into 18.86 BTC using THORChain, a cross-chain swapping protocol. This move shifts stolen funds from Ethereum to Bitcoin, complicating tracking and recovery efforts by changing the blockchain...
Advanced Energy Industries (AEIS) is set to benefit from growing investments in AI infrastructure and advanced semiconductor manufacturing. The company aims to expand margins by increasing product content per system and leveraging innovations like it...
Ethereum exchange-traded funds (ETFs) led crypto fund inflows last week with $103.9 million, marking a third consecutive week of strong demand. Bitcoin ETFs saw declining inflows, dropping to $33.79 million amid two days of significant outflows. Mean...
Worldcoin's price dropped about 10% following the World Foundation's sale of 217 million WLD tokens, raising $52.5 million with a 12-month lockup on these tokens. The funds will be used to expand World ID into enterprise platforms, consumer apps, and...
