The sell-off in GameStop shares was intensified on Wednesday afternoon, coinciding with a spike in trading volume in the call options owned by Roaring Kitty, whose legal name is Keith Gill. On Monday night, Gill disclosed that he still held 120,000 call options contracts with a strike price of $20 and an expiration date of
Cash
The Japanese Yen has shown appreciation in recent times due to improved risk sentiment in the market. This shift can be attributed to various economic reports that have been released, impacting the currency’s value. One of the key factors influencing the Japanese Yen is the data coming out of the United States. For example, the
Doconomy, a Swedish fintech startup, has recently secured 34 million euros in funding from major European banks, such as UBS and CommerzVentures. This influx of cash, obtained through a Series B financing round, highlights the increasing importance of climate-focused financial technology in the industry. Doconomy offers innovative tools that enable bank customers to measure the
Paying with cash can offer a variety of benefits, including the opportunity to receive cash discounts on purchases. More and more merchants are starting to offer lower prices to customers who choose to pay with cash instead of credit cards. These discounts can range from 2% to 4% or even higher depending on the business.
The cautious stance of the Federal Reserve has had a significant impact on the WTI crude oil prices. Despite the recent softening of inflation, Fed officials are hesitant to declare success in controlling inflation. This has led to concerns that US interest rates may remain elevated for a prolonged period, causing the prices of Brent
The recent release of the Reserve Bank of Australia (RBA) meeting minutes highlighted the board’s consideration of raising interest rates but ultimately deciding in favor of maintaining a steady policy. The board acknowledged the difficulty of predicting future changes in the cash rate, indicating a cautious approach to monetary policy adjustments. Additionally, the board expressed
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The USD/JPY exchange rate is currently hovering around 154.784, but intervention risks are looming large. Masato Kanda recently issued a warning, stating that the government would step in if there are any speculative or disorderly movements in the foreign exchange markets. This has sparked concerns among investors, especially after the currency pair experienced a sharp
Berkshire Hathaway, the conglomerate led by Warren Buffett, recently reported a significant surge in operating earnings in its first-quarter results. The company’s operating profit rose to $11.22 billion, a 39% increase from the same period last year. This growth was mainly driven by the strong performance of its insurance underwriting businesses, particularly Geico. The insurance
In light of the U.S. House of Representatives passing a bill that would enable the Biden administration to seize Russian assets held in American banks and transfer them to Ukraine, tensions between the United States and Russia have escalated. Dmitry Medvedev, a senior security official in Russia, has issued a stern warning that Russia would
As the U.S. Treasury Department gears up to announce its refunding plans for the upcoming quarter, investors are eagerly anticipating a sense of relief after several quarters of auction size increases. The expectation is that the Treasury will maintain the size of most of its auctions, with potential increases in specific issues such as the
The US 100 cash index is currently experiencing a downward trend, trading slightly below the 100-day SMA. Market sentiment remains bearish as investors await key US data releases. This negative sentiment is reflected in various momentum indicators, suggesting a bearish trend in the market. The Average Directional Movement Index (ADX) indicates a decent bearish trend