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Featured AlphaTack Intel Article
Psychiatry Drugmaker Seaport Rises 10% After Trading Debut
Seaport Therapeutics Inc., shares jumped 10% in the firm’s trading debut, after the company raised nearly $255 million in an upsized initial public offering. The Boston-based company’s shares closed at $19.84 each, above the IPO price of $18 apiece. The biotech firm...
– AlphaTack Intel Articles –
China’s Slowing Economy Sparks Calls to Raise Deficit Ceiling
Beijing urged to subsidize consumers, help local governments PBOC has cut rates but borrowing sentiment hasn’t improved A growing chorus of Chinese economists called on Beijing to break away from an implicit budget deficit ceiling, opening the door to more central...
Chinese Stock Markets Head for Third Year of Record Delistings
Forty firms have already lost listed status so far in 2024 Forced delistings could harm investors: Shanghai Prospect China’s stock markets are set for a third straight year of record delistings driven by the jump in IPOs over the past decade and tighter rules...
Oil Slumps to January Lows in Algorithmic-Led Selloff
Shrinking US crude inventories fail to allay demand concerns Blinken left the Middle East Tuesday without a cease-fire deal Oil extended its decline to the lowest in more than six months as trend-following algorithmic sellers overlooked a bullish US stockpile report....
US Payrolls Marked Down by Most Since 2009 in Preliminary Data
Early revision showed 818,000 fewer jobs in year through March Pace of job growth still healthy but moderation began sooner US job growth was probably far less robust in the year through March than previously reported, keeping pressure on the Federal Reserve to cut...
Euro Surges to One-Year High as Traders Eye Interest-Rate Path
The euro rose to the highest level in one year against the dollar as currency traders bet US central bankers will reinforce the case for lower borrowing costs at the Federal Reserve’s Jackson Hole economic symposium. The euro gained as much as 0.4% on Wednesday to...
Opaque Australian Private Markets Pose Outsized Risk, ASIC Says
ASIC says more investors becoming exposed to private markets Australia regulator outlines strategic priorities in report Private markets in Australia are hiding potentially large risks to a growing number of investors amid their rapid expansion, making them a key...