The recent steep losses experienced by the U.S. dollar have sent shockwaves through the currency market, leading to a notable shift in investor sentiment. Traders have been grappling with the effects of unwinding carry trades and the looming possibility of significant rate cuts by the Federal Reserve. This has resulted in the yen weakening by
Zircuit, a cutting-edge ZK rollup with AI-enabled sequencer-level security, has officially announced the launch of Mainnet Phase 1. This major milestone marks the beginning of a new era for Zircuit and its users. During this phase, users will have the opportunity to bridge funds to Zircuit’s Mainnet and engage with various projects in Zircuit’s ecosystem.
Long Island Power Authority (LIPA) is gearing up to price a billion-dollar bond issuance after recent upgrades from Fitch and with a fresh leadership team. The $1.021 billion bond issuance will include both tax-exempt fixed-rate bonds and mandatory tender bonds, aiming to fund capital improvements and retire existing bonds. The bonds are rated A2 by
Most Asian currencies remained stagnant on Monday, failing to capitalize on a weaker dollar amidst escalating concerns over a slowdown in U.S. economic growth. While some currencies like the Japanese yen surged due to safe-haven demand and anticipation of further interest rate hikes by the Bank of Japan, others like the Chinese yuan witnessed a
In the last fiscal year, New York City’s five pension funds exceeded their investment targets, with a combined $274 billion in assets returning 10% through June. This performance outpaced their 7% target and was mainly driven by a booming U.S. stock market. The city’s pensions for police officers, fire fighters, teachers, civil employees, and school
Jeff Bezos, the founder of Amazon, has been making waves with his recent investments in artificial intelligence (AI). While his big-ticket purchases, such as a $165 million estate in Los Angeles and a $177 million property in Miami, have been grabbing headlines, it is his foray into AI through his family office, Bezos Expeditions, that
In a bold move, mobile betting giant DraftKings has announced plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This decision comes as the company aims to increase profits and navigate the challenges posed by hefty tax rates in certain states. DraftKings CEO Jason Robins defended the
Five9 is a leading provider of intelligent cloud software for contact centers, catering to customers in various industries such as banking, retail, healthcare, and technology. The company’s cloud platform offers a suite of applications that support customer service, sales, and marketing functions. Five9’s stock market value stands at $3.01B, with shares priced at $40.77 each.
The League of California cities recently announced a webinar aimed at assisting potential applicants in accessing $3.3 billion in funding made available through a bond measure approved by voters earlier this year. This funding, which is part of a larger $6.4 billion Proposition 1 bond measure, is set to be released in August. The program
Delta Air Lines CEO Ed Bastian recently extended a token of appreciation to employees by offering them two free travel passes following the major disruptions caused by a botched CrowdStrike software update. The airline faced significant challenges in recovering from the disruptions, which led to the cancellation of more than 5,000 flights between July 19