By Michael Adeleke Key highlights: The probability of a Fed rate hike at the next FOMC meeting fell to 37.6% August’s PCE price index rose 3.4% annually, below the 3.7% economists expected New York Fed President John Williams said he sees “no need for urgency” on another rate hike The chances of the Federal Reserve […]
Tag: WSJ
By Michael Adeleke Key highlights: Shein shares sank after its first earnings report since going public Its market value fell to about $17 billion, down from $26 billion at its September 1 IPO Shares have dropped 27.3% since their Hong Kong debut at HK$48.56 Fast-fashion retailer Shein dropped 14% on Tuesday after the company posted […]
By Nynu Jamal Key highlights: The CFTC is probing Kalshi’s Ethereum perpetual futures involving 1 million transactions The move comes on the heels of allegations of possible wash trading Kalshi dismisses the allegations, stating that the trading is linked to fixed-size orders placed by market makers The Commodities Futures Trading Commission (CFTC) has reportedly launched […]