Kuaishou Technology Class B has caught the eye of investors and analysts alike. Two major financial institutions, China Renaissance and DBS, have recently shared their thoughts on the company's stock. China Renaissance kept their "Buy" rating on Kuaishou Technology Class B, setting a price target of HK$88. 00. They seem optimistic about the company's future. Not too...
In a move that could impact many families, UK Finance Minister Rachel Reeves is expected to remove the limit on child benefits in her upcoming budget. This change, reported by several newspapers, would mean that families with more than two children would no longer face restrictions on the support they receive. The cost of this change is estimated to be around 3 billi...
Chainlink is making waves in the crypto world. It's not just another blockchain project. It's becoming the glue that sticks traditional finance and crypto together. This is big news because it means crypto isn't just a fad. It's becoming a real part of the financial system. Grayscale, a big player in the crypto investment world, thinks Chainlink is a game-changer. T...
The crypto world saw some big action this past week. Let's break it down. First up, a Bitcoin whale made a huge splash. Owen Gunden, an early Bitcoin investor, sold off his entire stash. That's right, he cashed out a cool $1. 3 billion worth of Bitcoin. He's been holding onto these coins since 2011. This sale happened during a rough patch for Bitcoin, with prices dr...
Crypto is a hot topic in Congress right now. With less than 40 days left in the year, lawmakers have a lot to tackle. They need to confirm new leaders for financial agencies and figure out how to regulate the crypto market. The Senate has been busy. They just advanced Mike Selig's nomination to lead the Commodity Futures Trading Commission (CFTC). If approved, he'll...
Japan is making some big changes to how it handles cryptocurrency. The Financial Services Agency (FSA) is working on a plan to treat digital assets like Bitcoin and Ethereum as financial products, similar to stocks and investment funds. This change could happen as early as 2026 and would bring a flat 20% tax on crypto gains, which is a big drop from the current rates...
Blue Owl Capital is thinking about bringing back a plan to combine two of its private credit funds. This comes after they had to stop a similar plan last week because investors weren't happy. The main reason for the merge is to give shareholders a way out and cut costs. But, it's not a done deal yet. The idea is to merge the larger fund, OBDC, with Blue Owl Capital ...
Some of the biggest banks in the U. S. are in the spotlight after a cyber attack hit a company they work with. SitusAMC, which helps manage real estate investments, found out about the breach on November 12. They think some client files might have been exposed. These files include financial records and legal documents. The attack wasn't caused by encrypted malware, ...
A well-known market strategist, often called a "perma-bear, " has been ringing alarm bells about the current AI-driven market boom. He thinks we're ignoring the signs of a potential crash, much bigger than the one in 2008. He's not alone in this view, but his predictions haven't always been right in the past. The strategist points out that the current market is simi...
The recent climate talks wrapped up with a deal that left many feeling underwhelmed. The event was marked by protests, the absence of the US, and even a fire that caused a mass evacuation. One of the biggest sticking points was creating a plan to move away from fossil fuels, which are a major source of the emissions driving climate change. Over 80 countries, includi...