Author: Charlotte

Early Warning Services (EWS), the parent of the Zelle payments app, announced the launch of its ZLUSD stablecoin, which is intended to be used for cross border remittances. While the stablecoin is live, the Zelle app will only start supporting stablecoin payments by the end of the year, with India as the first friends and family corridor. This is a major milestone for stablecoins because it puts them into the hands of so many mainstream users, and was enabled by the passage of the GENIUS Act. Zelle has over 150 million users, is offered by 2,400 US banks and credit…

When hedge funds hire students, they tend to have their pick of the litter, and the pick of the litter tends to pick them in return. At Chicago-based hedge fund Balyasny Asset Management, for example, where the 2026 intern class has just started – the firm has a type.Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️Public LinkedIn profiles of approximately 30 Balyasny 2026 summer interns, suggest that BAM likes to hire from Ivy League schools. 40% of interns we spotted went to an Ivy League school. Pennsylvania (including Wharton) is the most popular single source of…

My motivation to study an MSc in Economics and what I’m doing currently in my career stems from seeing the divide between the rich and the poor in Mumbai. During the pandemic I saw the plight of migrant workers who had to return to villages because of lockdowns; that is when I realised my interest lay in affordable housing for all and therefore in economics. I had already studied some economics units as part of my undergraduate degree in engineering and that is when I became interested in development which drove my interest towards a master’s in economics. That was…

Hedge funds dump Magnificent Seven stocks ahead of SpaceX IPO qz.com Source link

Bill Gurley says Visa, and Mastercard are “heavily threatened” by stablecoins Seeking Alpha Source link

Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday.Shares in the “Magnificent Seven” — a group that includes ‌some of ⁠the biggest ⁠tech names on Wall Street, namely Nvidia, Apple, Amazon. com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday.The Roundhill Magnificent Seven ETF, ​which tracks these stocks closely, declined over 2.4% since June 5, with some analysts saying investors were clearing their decks in ​order to prepare for the debut…

Without economic growth, incomes cannot rise sustainably, and growth cannot be sustained without investment. South Africa’s Gross Fixed Capital Formation (GFCF) sits at 14% of GDP, a rate which has been insufficient to replenish South Africa’s depreciating capital stock.’ This means our public Infrastructure has deteriorated and our growth potential has declined. This report argues that Broad-based Black Economic Empowerment (B-BBEE) regulations have been a key policy contributing to making South Africans of all races worse off than they would otherwise have been.It is worth being precise about what South Africa Is trying to achieve with B-BBEE, and what B-BBEE…

ChainCatcher, the Web3 asset data platform RootData released “Overview of Mainstream Cryptocurrency Exchanges’ Layout for SpaceX IPO.” Research shows that at least 8 centralized cryptocurrency exchanges, including Coinbase, Binance, OKX, Bybit, and Gate, are preparing for the SpaceX IPO event, launching different products such as perpetual contracts and IPO subscriptions. Among them, Bitget and Gate launched related products as early as April, attracting user funds and trading interest. In addition, exchanges such as Upbit, Gemini, Kucoin, HTX, and Bitfinex are also set to launch related products. Source link

Silver (SI=F) July futures opened at $67.49 per ounce on Friday, June 12, 2026, up 5.5% from Thursday’s closing price. The silver price has remained steady this morning, reaching $67.11 as of 7:08 a.m. ET. Silver prices, like gold, opened much higher compared to Thursday after President Trump halted further airstrikes and claimed that the U.S. has ended the war in Iran. But traders should be conscious about chasing headlines, said Ole Hansen, head of commodity strategy at Saxo Bank A/S. He warns that we have all been down this road before, and investors should instead focus on what Iran…

THE WELSH Government’s new deputy transport minister has highlighted the need for “key infrastructure resilience” across the country. Mark Hooper, who was elected to Pen-y-Bont Bro Morgannwg for Plaid Cymru last month announced a “short, focused programme of work to explore realistic options across road, rail and bus interventions”. There would be, he said, an emphasis on solutions that were “practical, deliverable and capable of making a meaningful difference in the near to medium term”. Speaking to the Siambr on Tuesday 9 June, Mr Hooper shared that the repeated closures of the Menai bridge in recent weeks were due to…