Japanese stocks rise ahead of BoJ rate decision

US stocks climbed to record highs for the fourth straight session after data showed inflation fell to 3.3 per cent in May, raising expectations of early interest rate cuts. The S&P 500 closed 0.2 per cent higher on Thursday, despite 60 per cent of stocks in the benchmark index declining on the day. The tech-focused…

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Hyliion Holdings (HYLN): Sell On Decision To Give Up On Core Electric Powertrain Business

Bim Note: I have discussed Hyliion Holdings Corp. (NYSE:HYLN) previously, so investors should view this as an update to my earlier coverage of the company. After the close of Tuesday’s session, Hyliion Holdings Corp. or “Hyliion” surprised market participants with the decision to pursue strategic alternatives for the company’s core electric powertrain business and refocus…

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Australia’s Central Bank Wraps Up CBDC Pilot with Plans to Delay Decision 

As Australia deliberates the potential implementation of CBDC, the central bank’s report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country’s payment ecosystem. As the global financial landscape continues its rapid evolution, the Reserve Bank of Australia (RBA) has concluded its pilot program for a central…

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US SEC Extends Bitcoin ETF Approvals Decision to 2024

The United States Securities and Exchange Commission has announced an extension of the numerous pending Bitcoin Exchange-Traded Fund approvals decision until 2024.  This move highlights the SEC‘s commitment to thoroughly assess the potential risks and benefits of a Bitcoin ETF, considering its potential impact on both the crypto market and traditional financial systems. Regulatory Hurdles…

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