Tesla lifts Nasdaq to record-high close
The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), with investors cheering data that showed a record peak for U.S. factory activity in June.
Explainer: What is the Treasury yield curve and what is it telling us?
A hawkish shift from the U.S. Federal Reserve last week has focused attention on the shape of the yield curve. Here’s a short primer explaining what the yield curve is and how its shape may reflect expectations of the economy’s trajectory.
U.S. Fed reverse repo volume hits record $813.57 bln
The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data that showed a record peak for U.S. factory activity in June.
China’s Ant highlights distinction between NFTs and cryptocurrencies
China’s Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.
Central bank digital currencies get full BIS backing
The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money.
Nasdaq hits record high as factory activity scales new peak
The Nasdaq hit an all-time high on Wednesday, helped by a boost from Tesla’s shares, with investors cheering data showing U.S. factory activity climbed to a record peak in June.
Crypto is ‘rat poison’, a third of mainstream investment firms tell JPM
Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as “rat poison” or predicting it would be a temporary fad.
EXCLUSIVE Harvard wasn’t pressured over Toshiba, former Japan adviser says
A former Japanese government adviser said he did not put pressure on Harvard University’s endowment fund to influence its voting at Toshiba Corp’s (6502.T) contested shareholder meeting last year, and that the fund should “set the record straight”.
LSE’s Refinitiv restores service after new outage
London Stock Exchange Group’s Refinitiv news and data platform Eikon experienced an outage for several hours on Wednesday before services were restored, the company said, the second such glitch in as many months.
Dollar in retreat as Powell says Fed won’t raise rates on ‘fear’ of inflation
The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off.
