Nasdaq (NDAQ.O) announced its venture arm will invest $100 million in Payward, the parent company of crypto exchange Kraken. The strategic deal deepens their partnership to build regulated infrastructure for trading and settling tokenized equities on 24/7 blockchain rails. 📌 Key Takeaways & Important Metrics: 💥 The Big Picture: As traditional exchanges adapt to blockchain...
Goldman Sachs (GS.N) has appointed Farshid Asl and Matt Weir as co-heads of its Investment Strategy Group (ISG), succeeding long-time Chief Investment Officer Sharmin Mossavar-Rahmani, according to an internal memo. 📌 Key Takeaways & Important Details: 💥 The Big Picture: A major leadership shift at one of Wall Street’s premier wealth management divisions as it...
Nasdaq (NDAQ.O) announced its venture arm will invest $100 million in Payward, the parent company of crypto exchange Kraken. The strategic deal deepens their partnership to build regulated infrastructure for trading and settling tokenized equities on 24/7 blockchain rails. 📌 Key Takeaways & Important Metrics: 💥 The Big Picture: As traditional exchanges adapt to blockchain...
Positron AI, a rising star in the AI inference hardware market, has secured $875 million in its latest funding round—quadrupling its valuation to $5 billion in just seven months as competition against Nvidia’s hardware dominance intensifies. 📌 Key Takeaways & Important Metrics: 💥 The Big Picture: As running AI models becomes a core enterprise priority,...
SBI Mutual Fund, India’s largest asset manager ($29B debt AUM), expects the benchmark 10-year sovereign bond yield to rise and remain above 7% as inflation risks, budget deficits, and central bank hawkishness weigh on debt markets. 📌 Key Metrics & Important Takeaways: 💥 Market Outlook: With key rate decisions looming from the U.S. Federal Reserve...
Despite Treasury Secretary Scott Bessent expanding long-dated debt repurchases to $6 billion (up from $2 billion), bond investors remained unimpressed. Yields continued their sharp ascent as market anxiety over the $40+ trillion national debt and growing fiscal deficits outweighed liquidity interventions. 📌 Key Takeaways & Important Metrics: 💥 Bottom Line: Active Treasury intervention signals to...