Author: Charlotte

If you’d never previously heard of Jibar (the Johannesburg Interbank Average Rate) or Zaronia (the South African Rand Overnight Index Average), you’d be forgiven for thinking they sound like prescription medications or swanky cocktail lounges. In reality, they are two interest rate benchmarks at the centre of one of the biggest changes to South Africa’s financial markets in decades. In fact, the change being made might have more of an impact on your cash than the current Iran war. For years, Jibar measured the interest rate that banks used to lend to each other over short periods (such as three,…

Economists like to draw triangles. In trade, you can’t have high tariffs, no retaliation, and unchanged prices. In monetary policy, you can’t fix interest rates, fix the money supply, and promise perfect stabilization. In hiring under unequal starting conditions, there is a similar triangle that most debates about fairness in hiring glide past. When firms turn to algorithms to allocate scarce jobs, they are pulled toward three attractive goals: strong efficiency (pick the candidates most likely to perform well), strong representation (make outcomes roughly mirror group shares), and strong formal neutrality (apply the same rules mechanically to everyone). The problem…

NBA Commissioner Adam Silver speaks with the media before Game 1 of the 2026 NBA Finals. • Complete coverage: 2026 NBA Finals SAN ANTONIO — The presence in these NBA Finals of Victor Wembanyama, the franchise-rejuvenating, coveted and consensus No. 1 overall pick in 2023 that landed with the San Antonio Spurs, loomed as the backdrop to NBA commissioner Adam Silver’s comments Wednesday about the league’s newly announced lottery reform. Silver said he was “thrilled, frankly” with changes to the Draft Lottery format that will be in place next season to discourage the sort of rampant tanking that saw as many…

Mumbai: Major brokers are preparing to roll out algorithmic tools for retail traders over the next few months, amid greater regulatory clarity on retail participation in such trading practices.The move is set to not only help brokers expand revenue streams by charging fees to access the trading algorithms (algos), but also help fintech firms scale up by distributing their algo strategies across multiple platforms. Retail clients may be able to access such strategies for as little as ₹5,000 per strategy.Algorithmic or algo strategies use computer programs or pre-set formulas to execute trades when certain conditions like price, volume or technical…

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Steve Cohen’s $50.7 billion hedge fund has continued its strong run of returns with a 2% gain in May, a person close to the firm tells Business Insider.That gain puts Cohen’s firm at 10.5% for the year, following a 17.5% gain in 2025, when the manager outperformed its main rivals in the multistrategy space, namely Millennium and Citadel.May was generally good for big-name managers, people close to the firms told Business Insider. Millennium was up 2.4%, pushing its 2026 gains to 6.1%. Balyasny is now positive for the year thanks to a 1.4% gain last month. Still, funds struggled to…

Pi Launchpad on Testnet Pi has been iterating on the design of ecosystem tokens on Mainnet that was released on Open Network’s first anniversary. Given the importance of the ecosystem token layer of the Pi ecosystem and that the Pi Launchpad is the primary means to get quality ecosystem tokens on Mainnet aligned with Pi’s vision, a Pi Request for Comment (PiRC) was published to solicit feedback from the community. Now, the initial version of the Pi Launchpad that implements the mechanism in Design 1 in the PiRC has been released as a Pi App on the Testnet with a…

Categorised: Crypto, The Stream | Tags: Arca, Clarity Act, Galaxy Digital, institution, OTC, prediction marketsPosted by Colin Lambert. Last updated: June 4, 2026 Tapping into the current hot topic, Galaxy Digital says it has opened an OTC prediction markets offering, targeting hedge funds, family offices and other institutional clients. The firm says the service, which will offer non-sports event contracts traded on Kalshi and Polymarket, enables institutions to access prediction market liquidity “at sizes and with a level of discretion not available through retail interfaces”. The firm says it has plans to expand the offering to other platforms, and is…

Acquisition Expected to be EBITDA Accretive and Expand T1’s Commercial Reach into Battery Energy Storage Systems DevelopmentAUSTIN, Texas and NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced this morning it has entered into a definitive agreement to acquire KORE Power, Inc., an established engineering-focused BESS (Battery Energy Storage Systems) and software solutions provider supporting industrial hyperscaler development. The purchase enterprise value consists of approximately $32 million of equity, cash, and assumption of debt at anticipated closing in Q2 2026. The transaction is expected to provide T1 with an…

The Federal Reserve’s top banking regulator just told Congress something the crypto industry has been waiting years to hear: tokenized securities should get the same capital treatment as their traditional counterparts, and stablecoin issuers need a clear regulatory path forward. Vice Chair for Supervision Michelle Bowman delivered testimony before the House Financial Services Committee on June 4, covering everything from community bank relief to artificial intelligence. But the sections on digital assets carried the most weight for anyone watching the intersection of traditional finance and crypto. What Bowman actually said about digital assets Bowman’s core argument on tokenized securities is…