Author: Charlotte

U.S. inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve will keep interest rates at 350-375 bps at its June 17 meeting but is likely to increase rates by 25 bps by the end of the year. The Consumer Price Index year over year rose 4.2% in May, according to a report from the Bureau of Labor Statistics. Economists had been expecting a rise of 4.2% following the April 3.8% increase.On a month-over-month basis, CPI rose 0.5%, against expectations of 0.5% and against April’s 0.6% rise. Core CPI, which excludes food and energy costs,…

As you will recall if you read this article, Nomura announced its bonuses last month. Some people there were paid “beyond expectations.” Some were not. Some have been leaving. 💥Follow us on WhatsApp for news alerts.💥We understand that around five people have left Nomura’s trading business in recent weeks. But we also understand that at least two people have arrived.Nomura declined to comment for this article but we understand that the departures include: Sergey Smallkov, an emerging markets STIR trader in London; Kentaro Seki, a senior rates trader in Tokyo and Christopher Killoran, a junior rates trader in Sydney. An executive…

2026 could be the biggest year ever for initial public offerings (IPOs), with high-profile private companies SpaceX, Anthropic and Databricks among numerous super-sized upcoming IPOs expected to hit the markets over the coming months.If you’re a stock investor looking for fresh meat to sink your teeth into, 2026 is a veritable Fogo de Chão.But even if most or all of your money is wrapped up in low-cost index funds and you have no real hunger for these shares, you still might be digesting a considerable slice of some of these and other potential mega-cap IPOs. From just $107.88 $24.99 for…

LinkedIn platform data show UK hiring is down 24 per cent on pre-pandemic levels and 10 per cent year on year, while London is down 32 per cent since January 2019, according to a LinkedIn labour-market report and reporting by City AM and The National. Janine Chamberlin, head of LinkedIn UK, said the data points to “economic uncertainty and low business confidence rather than AI job shocks.” At a Chatham House panel on AI and the future of work, Blake Lawit, LinkedIn’s chief global affairs and legal officer, said hiring slowness “seems much more driven by macroeconomic conditions like a…

Pictet’s Doc Horn outlines how disciplined portfolio positioning, selective alpha opportunities and diversified hedge fund allocations can help investors navigate an increasingly uncertain market environment. Over the next 12 months, Doc Horn, Head of the Total Return Equities Fund at Pictet Asset Management, believes the fund’s success will largely depend on how effectively it allocates capital between offensive and defensive opportunities across its 15–20 internal teams. “The macro shocks that we have been experiencing have increased the opportunity set for our active managers to exploit inefficiencies as they emerge. However, avoiding large drawdowns is critical in uncertain times.” As head of…

In EU crypto news, within 24 hours of each other, Russia and the European Union each moved to restrict the same class of crypto assets, for completely opposite reasons. Russia’s Deputy Finance Minister Ivan Chebeskov, speaking at the St. Petersburg International Economic Forum on June 9, 2026, announced fees of 0.5–3% on assets classified as Russia-unfriendly crypto, explicitly naming USDT, USDC, and BNB. The same day, the EU unveiled its proposed 21st sanctions package, the first to give Brussels the legal power to impose a full operational ban on any foreign country’s crypto sector if it is found to be…

 Compared with the workforce, participation in supplementary pension schemes continues to grow, particularly among younger age groups (up 9.8 percentage points over five years in the 15–34 age group).As regards geographical distribution, the participation rate exceeds the national average in the northern regions, where 57.3 per cent of members are concentrated; lower figures, well below the average, are recorded in most of the southern regions.Resources, grants and benefitsBy the end of 2025, the assets accumulated by supplementary pension schemes stood at €262 billion (up 7.7% on 2024), mainly due to the positive performance of the financial markets. Accumulated assets amount…

New Delhi Precious metals witnessed a sharp decline in the domestic market on Wednesday, with gold falling by Rs 4,300 per 10 grams and silver plunging by Rs 10,000 per kilogram, as rising crude oil prices and a stronger US dollar dampened investor appetite for bullion. According to market participants, gold of 99.9 per cent purity dropped nearly 3 per cent to Rs 1,56,000 per 10 grams, inclusive of taxes, from its previous closing level of Rs 1,60,300 per 10 grams. Silver also came under heavy selling pressure, sliding 4 per cent to Rs 2,45,700 per…

The SEC just made its biggest crypto classification move in years, placing major tokens such as Ethereum, Solana, Cardano, Dogecoin, Avalanche, XRP, and Chainlink into a “digital commodities” bucket while saying some token sales can stop being treated as securities-law cases once the issuer’s core promises are fulfilled.Paired with a new SEC-CFTC coordination framework, the March 17 interpretation is less a narrow staking memo than a broad attempt to replace years of crypto-by-enforcement with a clearer split between assets, contracts, and regulator turf.Until Gary Gensler left the SEC, crypto in the US has lived under a legal cloud. Tokens were…

Author: Yang Ge After the singularity explosion, the evolution clock of AI has been accelerating, leading to the rapid formation of new civilizational generations in different regions around the world. In the past two months, I participated in over 20 AI-related events in more than ten cities globally, and only the Stripe Sessions in downtown San Francisco at the end of April surpassed all other themes, revealing a shocking generational gap. While the world is growing weary of the bottleneck of Claws & Agents, Silicon Valley and San Francisco have already entered the next dimension in managing the Agent economy…