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Intercontinental Exchange has signed tZERO as a partner in developing infrastructure for its planned NYSE-affiliated tokenised securities venue, the Digital Trading Platform. The two firms agreed a memorandum of understanding on 31 August. The agreement does not mark the launch of the venue, which remains subject to regulatory approval and technology and operational requirements. What…
Dollar slips, with traders already eyeing Friday jobs data
Nvidia (NVDA +0.94%) stock has underperformed the broader semiconductor sector index so far in 2026, gaining just 16% as of this writing, compared to the 62% spike in the PHLX Semiconductor Sector index. However, shares of the semiconductor bellwether received a nice shot in the arm following the release of its fiscal 2027 second-quarter results…
“Less consumption and investment can mean less property tax revenue for municipalities, less sales tax revenue for states, and less income tax revenue for states and the federal government,” said the Tax Foundation. U.S. Treasury Instability and high yields in the treasury bond market are causing tax policy makers to reevaluate fiscal decisions and revenue projections. Processing Content “The government’s…
Thesis: Data center development may have consequential implications for the public power sector. The capital-intensive nature of data center buildout — with associated load concentrations — could fundamentally change a utility’s capital structure, rate-setting flexibility and overall risk profile. There is likely to be a reallocation of risk, and it is up to the municipal…
America’s relationship with government debt is what the psychologists call co-dependency. We can’t live with it; we can’t live without it. We know it cannot last forever, but we love the benefits of government debt so much that we can’t leave it behind. After six decades helping families and business owners manage their liabilities and…
Bonds were actually a hair stronger at the open, but quickly tanked just after 8am. The nature of said tankage is strongly suggestive of month-end positioning. While it’s true oil prices are higher than Friday, the spike in bond yields didn’t correlate in a manner typically consistent with oil being the driver. Also, there is…
Questbank has appointed mortgage industry veteran Bekim Merdita as Head of Sales & Marketing, ensuring the 50-year broker-focused legacy of its subsidiary, Community Trust, continues to thrive. Merdita brings a distinguished track record of leadership, operational excellence, and sales innovation across North America’s mortgage landscape. His appointment signals a bold reinforcement that one of Canada’s…
John Ternus becomes CEO of Apple on Tuesday (Sept. 1), taking over a company whose defining strength has always been tight control of its own technology stack, hardware, software and the chips connecting them, but whose current artificial intelligence strategy runs largely on outside partners. Tim Cook will become executive chairman the same day, continuing…
A federal judge in New York approved Bank of America Corp’s $72.5 million settlement with Jeffrey Epstein victims who claimed the bank aided in the late financier’s sex-trafficking. Processing Content At a hearing Thursday, US District Judge Jed Rakoff called the agreement “fair, reasonable and adequate,” clearing the way for lawyers to begin distributing money…