The Texas Stock Exchange (TXSE), backed by BlackRock and Citadel Securities, plans to challenge NYSE and Nasdaq, aiming for SEC registration this year and trading by 2025, with first listings in 2026. The Texas Stock Exchange is a new competitor to the New York Stock Exchange and Nasdaq, and investors
HSBC, in a recent assessment of the company, revealed that it believes the $22 billion Byju’s is now worth zero, citing financial mismanagement, missed sales targets, governance issues, and the exit of key auditors and board members. In a recent research report, HSBC calculated that the $22 billion valuation of
Saudi Aramco’s $12 billion share sale last Sunday, selling 1.545 billion shares at 26.70-29 riyals each, saw immediate success, attracting keen interest from global investors. In a filing with the Saudi Exchange last week, Saudi Aramco (ARMCO), the country’s largest energy corporation, announced its intention to sell shares in the
Reuters has reported that Indian company Reliance Industries will buy Russian oil in roubles and is also able to acquire the oil at a discount. Four people with knowledge of the situation told Reuters that Russia’s Rosneft and India’s Reliance Industries, which runs the largest refining complex in the world,
According to the Times of India, India’s central bank, the RBI, has moved 100 tons of gold from the UK to domestic vaults because the stock was increasing abroad. A little over 100 metric tons of gold have been transferred by India’s central bank from the United Kingdom to its
After several Russian banks were barred from the SWIFT messaging system, Russian firms have started adopting the stablecoin USDT from Tether Holdings Ltd. in cross-border transactions with Chinese businesses. Following the revelation in a recent Bloomberg report that Russian commodities companies are using fiat-pegged digital currencies to conduct cross-border transactions
Wall Street anticipates Ethereum reaching $14,000 by 2025, as BlackRock’s dominance in cryptocurrency ETFs grows, with Larry Fink shifting focus to tokenizing ether following recent approval of a spot ETF. Just over a week after Grayscale CEO Michael Sonnenschein abruptly resigned amid persistent, relentless outflows (thanks to GBTC’s 1.5% in
Moderna’s stock surges as the US government invests millions in covert bird flu vaccine trials, amid concerns over H5N1’s spread and potential human-to-human transmission ahead of the presidential elections. In the New York premarket trading session, Moderna’s shares have increased by nearly 4% in response to a Financial Times report
According to the findings of a Penn Wharton Budget Model (PWBM) analysis, the cost of the largest deportation operation in American history could easily exceed $1 trillion over 10 years. This year, the Republican party appears committed to a plan for the mass deportation of undocumented immigrants, having secured the
