Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund…
S&P suspends forecast as higher rates slam brakes on the global bond market
Shares of S&P Global (SPGI) fell as much as 7.9% pre-market on Wednesday after the company warned of an “extraordinarily” weak bond market and suspended its full year forecast.
There won’t be a ‘v-shaped bottom’ in this market
On Friday, the S&P 500 broke a 7-week losing streak, the index’s longest since 2001. Concerns about a slowing economy and tighter monetary policy from the Federal Reserve have been at the center of this decline.