Interactive Brokers strategist Steve Sosnick warns that much of the recent crypto rally was driven by 'crypto tourists'—investors chasing quick gains rather than holding with conviction. This has led to significant outflows, with spot bitcoin ETFs losing $1.42 billion last week, the third-largest weekly outflow recorded. The rise of AI stocks is drawing speculative capital away from crypto, making the market more fragile. Sosnick suggests a sustainable rally depends on committed holders who won't flee at the first sign of a more attractive trade, while the current environment remains vulnerable to further outflows influenced by Federal Reserve policies and sector rotations.
Tesco has partnered with Perceptyx to improve how it collects and acts on employee feedback across its global workforce of 340,000. The collaboration introduces AI-powered tools to enable continuous listening and faster, more consistent responses to ...
RedotPay has introduced RedotPay Connect, a new B2B payment gateway that allows merchants to accept stablecoin payments and instantly settle in local currencies like USD, EUR, and GBP. This platform reduces merchant fees by up to 70% compared to trad...
Municipality Finance Plc has issued NOK 1 billion notes under its Medium Term Note (MTN) programme, with a maturity date set for November 3, 2031. These notes carry a floating interest rate tied to the 3-month Nibor plus 10 basis points per annum. Th...
ASSA ABLOY has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company with about 375 employees. This acquisition strengthens ASSA ABLOY's presence in Canada and complements its core business with additional products and se...
Sphere 3D Corp. shares rose 28.11% in after-hours trading following the completion of its merger with Canadian digital infrastructure firm Cathedra Bitcoin Inc. The merger makes Cathedra a wholly-owned subsidiary of Sphere 3D, which retains its NASDA...
