MSCI has launched a consultation proposing to exclude 'non-operating companies'—those with less than 50% operating assets and failing key financial ratio tests—from its Global Investable Market Indexes. This could lead to the removal of major bitcoin treasury firms Strategy and Metaplanet, as well as uranium holder Yellow Cake, from the MSCI ACWI IMI Index. The proposal aims to better define companies that primarily hold non-operating assets rather than generate value through operations. Feedback is open until September 30, with potential changes taking effect no earlier than November 2026.
Scully Royalty Ltd. has appointed Ho Kwun Cheong and Yu Chi Kong to its Board of Directors. Ho Kwun Cheong is a solicitor admitted to the High Court of Hong Kong, while Yu Chi Kong brings expertise in vertical integration, private cloud, AI infrastru...
Bitcoin trader Killa predicts Bitcoin could reach as high as $97,000 in 2024, though prices are expected to stay below that level for most of the year. Key short-term support levels are identified between $80,000 and $83,000, with a possible drop to ...
Municipal bonds experienced a significant selloff over the past month, with high-yield municipal bond closed-end funds (CEFs) yielding over 8% dropping even more sharply. The article highlights data on five top big-yield muni-bond CEFs, focusing part...
In September, technology stocks led the S&P 500's best performers, with 13 of the top 20 winners coming from the sector. Everpure topped the list with a 40.7% gain, followed by Moderna, Intel, and Bloom Energy, each rising over 30%. On the downside, ...
This week saw the debut of one sizable IPO, one direct listing, and one SPAC, alongside initial filings from three small IPOs, one direct listing, and six SPACs. Notably, Oura postponed its planned multibillion-dollar IPO, marking a significant devel...
