Franklin Templeton CEO Jenny Johnson, who oversees the $1.6 trillion asset management firm, said she remains a huge fan of blockchain technology and sees exchange-traded funds (ETFs) and mutual funds being on the blockchain during an interview with Bloomberg anchor David Westin. Johnson, a granddaughter of Franklin Templeton founder Rupert Harris Johnson, joined the company...
Witthaya Prasongsin/Getty Images Implied volatility is a powerful but often misunderstood metric that plays a major role in options trading. Implied volatility doesn’t tell you what’s going to happen to an option’s price, but it offers insights into what the market thinks might happen. Understanding implied volatility and how it affects options pricing can give...
The U.S. dollar moved down against its major counterparts in the New York session on Monday, following the release of weaker-than-expected ISM manufacturing PMI data for May. The ISM Manufacturing PMI edged down to 48.7 in May from 49.2 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch...
Canaan is known in the crypto world as a major producer of ASIC Bitcoin (BTC) mining hardware. Under Argentinian law, only permit-holding companies may import dedicated crypto mining rigs. Officers also published photos of armed officers standing in front of what appears to be a clothing store. This may suggest that the ring may have...
State Street is reportedly evaluating the introduction of a stablecoin and deposit token to facilitate blockchain-based payments and settlements. According to a recent report by Bloomberg, a person familiar with the matter indicated that the Boston-based financial giant is exploring blockchain solutions to enhance its payment systems, such as stablecoin and deposit token. Potential Stablecoin...
Bitcoin ETFs nearing Satoshi-level holdings spotlight rapid institutional adoption and growing centralization concerns.The recent surge in Bitcoin ETF holdings is sparking supply concerns, potentially limiting access for smaller investors. Bitcoin ETFs Reach 1 Million BTC, Could Exceed Satoshi’s Holdings in Two Weeks U.S. spot Bitcoin ETFs have collectively acquired 1 million BTC, reaching this milestone...
Retailer BJs Wholesale Club Holdings, Inc. (BJ) announced Thursday that net income for the second quarter grew to $144.99 million or $1.08 per share from $131.33 million or $0.97 per share in the prior-year quarter. Excluding items, adjusted net income was $146.33 million or $1.09 per share, compared to $133.50 million or $0.99 per share...
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service(IRS)rules mandate that cryptocurrency brokers report personal information on digital asset transactions over$10,000,including customers’names,addresses,and social security numbers,within 15 days. While the goal is increased transparency and reduced...
The Taiwan stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 210 points or 1.1 percent. The Taiwan Stock Exchange now sits just beneath the 19,860-point plateau although it\'s expected to open in the green on Wednesday. The...
SoundHound AI , Inc.\'s (NASDAQ:SOUN) Chief Product Officer, James Ming Hom, recently sold shares of the company\'s stock, a filing with the Securities and Exchange Commission revealed. The transaction, which took place on March 19, 2024, involved the sale of 17,041 shares of Class A Common Stock at a price of $8.3656 per share, resulting...