Key Points Global credit activity among lenders as well as overall competitiveness of loan terms reached an all-time high in April, according to JLL. The month saw strong refinance demand and large loan placements. Data centers are driving much of the activity as the massive buildout fuels the real estate industry as well as the […]
Adobe CFO Heads to a Chip Firm. It’s All You Need to Know About Software’s Downfall.
Adobe earnings beat Wall Street estimates, boosted by strong demand for AI products. It wasn’t enough for the stock. Source link
Coinbase Council Warns 7 Million BTC May Face Quantum Risk
TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical. The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse. About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins. […]
Kraken Adds USDCx Support On Canton Network
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional […]
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring, […]
Bisignano: Social Security phone helpline wait times at record low
Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social Security hearing in Washington, DC, US, on Wednesday, June 10, 2026. Tierney L. Cross | Bloomberg | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one […]
How the Best Advisers Help Clients Use Their Retirement Fear
Financial advisers spend a lot of time talking about risk, whether that’s market risk, inflation, longevity, tax, sequence of returns, concentration, long-term care … The list seems endless. But clients don’t necessarily experience retirement risk as a category on a planning report. They experience it as a knot in the stomach: What if I run […]
Weekly Mortgage Rates Climb as Inflation Hits Three-Year High
Mortgage rates are up, as new data shows annual inflation has reached its highest level since 2023. The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.43% APR in the week ending June 11, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage […]
SpaceX Stock Just Opened At $150, Up 11% From its IPO Price of $135
The day many investors have been waiting for has finally arrived. The much-ballyhooed initial public offering (IPO) of SpaceX (NASDAQ: SPCX) kicked off on Friday morning. Expectations were high heading into what has been billed as the biggest IPO of all time, and the stock made a splash on its debut. Demand was high ahead […]
Bitcoin Miners Reveal New ‘Long-Term Buying Opportunities’ at $61,000
Bitcoin (BTC) miners are back under pressure as data hints that a new buying opportunity is now here. Key points: Bitcoin miners are in the “capitulation” phase of the current bear market, data suggests. A trader argues that there is no “clearer sign” to add BTC exposure as a result. Bitcoin miners are now operating […]
Will Bitcoin’s 200-Week Moving Average Ruin the BTC Price Comeback?
Bitcoin (BTC) hit $64,000 after Friday’s Wall Street open while analysis warned of “unreliable” BTC price support. Key points: Bitcoin hits local highs during the US trading session as US-Iran peace hopes offer modest risk-asset relief. SpaceX looks set to launch the largest IPO ever witnessed, BTC price concerns linger over the ability of a […]
Should I Pay a Data Broker Information Removal Service?
There are hundreds, if not thousands, of data brokers collecting and selling your personal information: your name, phone numbers, email addresses, current and past addresses, relatives, social media profiles, property records, court filings, employment history, education records, and much more. I say “hundreds, if not thousands” because many brokers operate under multiple brand names and […]
Dow Jones Edges Higher While SpaceX Steals the Show With $2 Trillion Valuation
Wall Street had one job Friday: watch Space Exploration Technologies (NASDAQ: SPCX) take off. The Dow Jones Industrial Average (^DJI +0.73%) rose 0.4% by noon ET, while the S&P 500 (^GSPC +0.47%) added 0.1%. The Nasdaq Composite (^IXIC +0.31%) index dipped 0.1%, weighed down by some familiar names making room for the new kid on […]
Elon Musk becomes world’s first trillionaire as SpaceX begins trading
Elon Musk just became the world’s first trillionaire. With SpaceX opening on the Nasdaq at $150 a share Friday, his stake in the company is worth more than $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk’s net worth from both companies as of Friday is roughly $1.05 trillion. The SpaceX […]
Stock Market Today, June 12: SpaceX Mega IPO Soars, Testing Tech Stocks at Midday
CAs of midday, the S&P 500 (^GSPC +0.58%) rose 0.12% to 7,403.38, the Nasdaq Composite (^IXIC +0.47%) dropped 0.36% to 25,716.64 as SpaceX’s (NASDAQ: SPCX) IPO kept risk appetite elevated in a volatile morning of trading. The IPO kept risk appetite elevated in a volatile morning of trading. The Dow Jones Industrial Average (^DJI +0.80%) […]
Melania Trump announces Fostering the Future savings account
First lady Melania Trump speaks about a Trump administration initiative for savings and investment accounts for children in foster care, at the Treasury Department, in Washington, June 11, 2026. Jonathan Ernst | Reuters Ahead of the official launch of Trump Accounts, First Lady Melania Trump on Thursday announced a new savings and investment initiative in conjunction with […]
Ask the Tax Editor: Questions on Inherited Property
Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at five tax questions on inherited property, including the tax basis upon death. (Get a free issue of The Kiplinger Tax Letter or subscribe.) 1. Inheriting gold and silver […]
How to Invest In SpaceX (SPCX) — And How Not To
SpaceX is the world’s largest space launch provider, accounting for roughly half of all orbital launches worldwide last year[0]. It also owns the Starlink satellite internet service, xAI (CEO Elon Musk’s AI company, which developed the Grok chatbot) and the social media site X (formerly Twitter). And it went public today in the largest initial […]
Pfizer’s New Weight-Loss Data Just Gave Eli Lilly and Novo Nordisk Investors Something to Worry About
Pharmaceutical giants Novo Nordisk (NVO +0.43%) and Eli Lilly (LLY 1.35%) are still the two titans of the weight loss drug market, to be sure. Lilly sold $13.5 billion worth of GLP-1-based Zepbound last year, while Novo reported revenue of more than $30 billion (U.S.) from its anti-obesity drugs Wegovy and Ozempic, with its weight […]
The invisible dangers of too much cash
How much cash is too much cash? With the stock market at highs, there is a very strong temptation to keep cash “on the sidelines” for the right time to invest. I believe, in the long run, investing now is better than investing later. The massive risk of waiting on the sidelines is that you […]