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Cryptocurrencies
Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs
A seasoned crypto analyst has warned that the recent Bitcoin (BTC) price action may be setting the stage for major liquidity traps, echoing patterns seen in past cycles. As the leading cryptocurrency aims for new all-time highs, the pundit suggests that market makers could be deliberately engineerin...NewsBTC
Mon, Jun 30
Stocks
Did Nike's Turnaround Just Begin?
Nike (NYSE: NKE) stock jumped 16% on Friday following its fiscal fourth-quarter earnings report the night before. That move would be the biggest one-day percentage gain for the stock in several years.Nike has been in a downward spiral since its peak in 2021 as a strategic shift toward the direct-to-...The Motley Fool
Mon, Jun 30
Cryptocurrencies
Ethereum (ETH) Poised for a Strong Q3, But This Altcoin Might Deliver a Bigger ROI
As Ethereum (ETH) gears up for what analysts expect to be a robust Q3, buoyed by increasing ETF inflows, another project is quietly emerging as a potential top cryptocurrency to watch: Mutuum Finance (MUTM). The project has sold out more than 50% in phase 5 of its presale at a price of $0.03 today. MUTM […]Cryptopolitan
Mon, Jun 30
Stocks
Why Investors Were High on Curaleaf Stock on Monday
One of the most high-profile retired athletes threw his considerable weight behind marijuana legalization on Monday, and that helped Curaleaf Holdings (OTC: CURLF) and other pot stocks move higher. In that day's trading session, Curaleaf's stock price improved by more than 5%, a rate that far outpac...The Motley Fool
Mon, Jun 30
Commodities
Republican senators seek to change Senate bill clean energy tax, improve tax credits
Republican amendment would remove two contentious parts of Senate billUS Chamber of Commerce warns against new tax on solar, wind Building trades union warns of significant construction job losses Senators, groups say hobbling renewable energy will drive up energy pricesBy Valerie Volcovici WASHI...Reuters
Mon, Jun 30
Other
Ruling keeps litigation funder Burford in control of turkey price-fixing case
By Mike Scarcella June 30 (Reuters) - Litigation financier Burford Capital BURF.L on Monday persuaded a U.S. judge to allow one of its subsidiaries to press a price-fixing lawsuit accusing leading turkey producers of overcharging prices, even though the company has not purchased any food from the...Reuters
Mon, Jun 30
Stocks
Why Krispy Kreme Stock Skyrocketed Today
Krispy Kreme (NASDAQ: DNUT) stock closed out Monday's trading with big gains. The company's share price rose 9.8% in a day of trading that saw the S&P 500 index and the Nasdaq Composite index rise 0.5% and 0.4%, respectively, and set new record highs. The stock had been up as much as 11.7% before pu...The Motley Fool
Mon, Jun 30
Cryptocurrencies
Circle filed to become a U.S. national trust bank
Circle wants a national trust bank. That’s the play. After its stock exploded post-IPO, the company filed a formal request on Monday with the Office of the Comptroller of the Currency (OCC) to launch what it’s calling First National Digital Currency Bank, N.A. If it’s approved, Circle would finally have the legal power to custody […]Cryptopolitan
Mon, Jun 30
Commodities
Morgan Stanley sees Brent at $60/bbl by early next year
June 30 (Reuters) - Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday.The bank added it sees robust supply growth from non-OPE...Reuters
Mon, Jun 30
Stocks
Wolfspeed files for bankruptcy protection to cut worsening debt, shares jump
June 30 (Reuters) - Wolfspeed WOLF.N said on Monday it has filed for Chapter 11 bankruptcy protection, as the chipmaker grapples with huge debt amid slowing demand from electric vehicle and industrial markets.Shares of the company — which makes chips using silicon carbide, a more energy-efficient ma...Reuters
Mon, Jun 30
Other
Exclusive: Everest US cyber liability head Golden exits Bermudian after six years
By James ThalerJune 30 - (The Insurer) - Everest’s U.S. head of cyber liability, Tim Golden, is leaving after six years with the company, multiple cyber sources told Cyber Risk Insurer.The reasons for Golden’s departure or his destination could not immediately be confirmed. A spokesperson for Everes...Reuters
Mon, Jun 30
Forex
AUD/JPY holds steady near 94.65 as buyers defend key support zone
The AUD/JPY has continued to consolidate within the 93.70–95.00 range over the past ten trading days, amid a fragile market mood driven by controversial US policies, the escalation and de-escalation of the Middle East conflict, and the approval of the US fiscal budget.
Fxstreet
Mon, Jun 30
Other
Zerolimit Technology Holding Files For IPO
June 30 (Reuters) - ZEROLIMIT TECHNOLOGY HOLDING CO LTD - FILES FOR IPO WITH U.S. SEC - SEC FILINGZEROLIMIT TECHNOLOGY HOLDING CO LTD - AIMS TO LIST ON NASDAQ AS 'ZDAN' - SEC FILINGZEROLIMIT TECHNOLOGY HOLDING CO LTD - TO OFFER 2,000,000 SHARES AT $4 EACH - SEC FILINGZEROLIMIT TECHNOLOGY HOL...Reuters
Mon, Jun 30
Other
Allbirds Announces Financing Strategy to Support Growth Plans
June 30 (Reuters) - Allbirds Inc BIRD.O:ALLBIRDS ANNOUNCES FINANCING STRATEGY TO SUPPORT GROWTH PLANSALLBIRDS INC - SECURES $75 MILLION REVOLVING CREDIT FACILITYALLBIRDS INC - ENTERS SALES AGREEMENT WITH TD COWEN FOR $50 MILLION ATM PROGRAMReuters
Mon, Jun 30
Other
Mckinley Acquisition Files For $150 Million IPO
June 30 (Reuters) - MCKINLEY ACQUISITION CORP - CORPORATION FILES FOR $150 MILLION IPO - SEC FILINGMCKINLEY ACQUISITION CORP SAYS CLEAR STREET IS UNDERWRITER TO IPO - SEC FILINGBLANK CHECK COMPANY MCKINLEY ACQUISITION CORP INTENDS TO APPLY TO LIST ON NASDAQ GLOBAL MARKET UNDER SYMBOL "MKLYU"...Reuters
Mon, Jun 30
Other
Tutor Perini Secures $1.871 Billion Staging and Storage Facility and Ramp Structure for the Midtown Bus Terminal Redevelopment
June 30 (Reuters) - Tutor Perini Corp TPC.N:TUTOR PERINI TO BE AWARDED $1.871 BILLION STAGING AND STORAGE FACILITY AND RAMP STRUCTURE FOR THE MIDTOWN BUS TERMINAL REDEVELOPMENTReuters
Mon, Jun 30
Other
Skateboarding-Hawk puts his history-making '900' skateboard up for auction
By Rory CarrollJune 30 (Reuters) - Skateboarding great Tony Hawk has announced that he is putting his most famous deck up for auction with the goal of raising money to build skateparks in underserved areas. Hawk landed his groundbreaking "900" - 2-1/2 full mid-air rotations - at the 1999 X G...Reuters
Mon, Jun 30
Stocks
Why Newsmax Stock Zoomed Almost 14% Higher Today
Newsmax (NYSE: NMAX) reached a notable milestone in its brief existence as a publicly traded company on Monday, and investors reacted by snapping up shares of the stock. It closed the day nearly 14% higher in price, and with that performance absolutely thrashed the S&P 500 index's 0.5% gain.Maximizi...The Motley Fool
Mon, Jun 30
Cryptocurrencies
S&P 500 closed at 6,204.95, breaks above 6,200 for the first time ever
The S&P 500 ended Monday at 6,204.95, its highest level ever recorded, after rising 0.52% in a session that wrapped a brutal month of gains. The Nasdaq Composite climbed 0.47% to close at 20,369.73, while the Dow Jones Industrial Average added 275.50 points, or 0.63%, settling at 44,094.77. This happened as traders closed the books […]Cryptopolitan
Mon, Jun 30
Other
US FDA to revise ADHD stimulants labels to warn of weight loss risk in children under 6
FDA adds 'limitation of use' section for extended-release ADHD stimulantsHigher drug levels and side effects found in younger children, FDA saysBy Sneha S KJune 30 (Reuters) - The U.S. Food and Drug Administration said on Monday it is revising the labeling of all extended-release stimulants...Reuters
Mon, Jun 30
