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The S&P 500 Index ($SPX) (SPY) on Friday rose by +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) rose by +0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +0.91%. E-mini S&P futures (ESU26) rose +0.83%, and September E-mini Nasdaq futures (NQU26) rose +0.86%. Stock indexes closed higher, supported by Friday’s -2.4% decline in oil prices. The stock…
AM Rally Completely Erased By The Close Fri, Sep 11 2026, 5:29 PM AM Rally Completely Erased By The Close This morning’s paradoxical rally lasted 30 whole minutes. Bonds turned around at exactly 9am and proceeded to completely erase the AM gains. There were no compelling macro motivations for the reversal apart…
MoonPay has acquired Rhythm, an on-chain trading signals platform, to promote the adoption of online trading, MoonPay said in a press release emailed to PYMNTS. Rhythm’s technology and its three co-founders, including Joseph Murphy, James Miller and Lincoln Barnett III, have joined MoonPay, according to the release. Miller said in a Friday post on LinkedIn:…
Electric vehicle manufacturer Rivian automated one of the more tedious jobs in corporate finance: tracking how much to set aside for custom manufacturing tools it has ordered but not yet received a bill for. Rivian built an artificial intelligence system on Amazon Bedrock and eliminated more than 15 days of manual work per close cycle,…
Corporate bonds could soon move beyond the conventional demat system, with the capital markets regulator testing a tokenised version that could make issuance, settlement and interest payments more automated. Demat 2.0 does not mean a new kind of bond. A pilot by the the Securities and Exchange Board of India (Sebi) will use distributed…
A saga revolving around a socialite’s Hamptons home came to a stunning conclusion at a recent auction. Henry Ikezi, who waged a failed bid to unseat Queens borough president Donovan Richards last year, won an auction for Libbie Mugrabi’s 11,000-square-foot Bridgehampton home at 486 Middle Line Highway, the New York Post reported. Ikezi’s winning bid…
While many experts warn that artificial intelligence could wipe out many jobs and reduce the need for office space, a new CBRE report argues the opposite, predicting the AI revolution may actually help increase the number of office jobs. In the new analysis, CBRE estimates that only 5% of U.S. office jobs are highly vulnerable…
Flickr/Los Angeles Fire Department The June fire in Boyle Heights burned for about a week. Cold storage warehouse operator Lineage is suing Altus Power, the company that operated a solar array on the building’s roof, alleging that Altus’ negligence was to blame for the fire that ripped through the Boyle Heights warehouse and burned for…
Airlines have been one of the hardest-hit industries as a result of the war in Iran, and the industry is struggling to recover from a succession of punishing shocks. The Covid pandemic was a challenging start to the decade for the airline industry, as it all but shut down global travel. Two years later, Russia’s…
The criminal charges represent the second major legal action against the pair over the same conduct. In February 2024, a federal court found the defendants liable for approximately $19 million in combined penalties and restitution in a civil enforcement action brought by the Federal Trade Commission (FTC) and the California Department of Financial Protection and…