NEW YORK (AP) — U.S. stocks drifted around their records in a mixed day of trading Wednesday. The S&P 500 added 0.1% and neared its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 327 points, or 0.7%, to set a record for the second straight day, while the Nasdaq composite…
Leather goods manufacturer China International Development Corporation (CIDC) has invested HK$100 million (US$13.9 million) to acquire a 20 per cent stake in Hong Kong-based asset tokenisation start-up NVT, signalling growing enthusiasm for digital assets in the city. The partnership would allow CIDC to use NVT’s tokenisation infrastructure, positioning itself as a “global first mover” in…
The worldwide financial system needs to rewrite its rules for a future of tokens, as the rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, according to the gatekeeper of the world’s central banks. Stablecoins, which are digital tokens backed by fiat currencies or other reserve assets, could…
(Reuters) -U.S. publisher McGraw Hill is targeting a valuation of $4.2 billion in its IPO, the company said on Monday, joining other private equity-backed firms looking to take advantage of improved investor sentiment. Activity in the U.S. IPO market has ramped up after a few dull months due to trade policy confusions. New listings of…
(Reuters) -U.S. publisher McGraw Hill is targeting a valuation of $4.2 billion in its IPO, the company said on Monday, adding to a recent line up of public market hopefuls that are looking to tap an improvement in investor sentiment. Activity in the U.S. IPO market has seen an uplift in recent months as the…
Circle Internet Group (NYSE:CRCL) is one of the Jim Cramer Says Trump’s Angry At Everybody & Discusses These 11 Stocks. Circle Internet Group (NYSE:CRCL) has recently started to become a regular feature on Cramer’s morning and evening appearances. It is one of the more recent firms to list its shares on the market. Since its…