Finance

Markets, economy, and industry.

  1. Financial Markets

    SEC proposes to rescind 2024 climate-disclosure rule

    The SEC proposed formally rescinding its 2024 climate-disclosure rule, opening a 60-day comment period and seeking to erase the standardized climate-reporting framework.

    · #sec #climate #disclosure #regulation

  2. Financial Markets

    CFTC Staff Says Some Deribit Perpetuals Can Be Treated as Foreign Futures; Coinbase Subsidiary Gets Conditional No-Action Relief

    CFTC staff says Deribit perpetuals may qualify as foreign futures and grants Coinbase Financial Markets conditional relief to post customer crypto as margin.

    · $COIN #cftc #coinbase #crypto #deribit

  3. Financial Markets

    Costco Reports Strong Q3 Results, Sales Up 11.6% as Digital Growth Surges

    Costco posted fiscal Q3 net sales of $69.154B and net income of $2.192B; digitally enabled sales jumped 21.5% and membership fees reached $1.373B.

    · $COST #costco #earnings #retail #stocks

  4. Industry

    STB Accepts Revised Union Pacific–Norfolk Southern Merger Filing, Holds Review in Abeyance

    STB accepted Union Pacific and Norfolk Southern’s revised merger filing for consideration but put the review and environmental study on hold, seeking more info by July 27.

    · $UNP $NSC #rail #merger #transportation #stb

  5. Economy

    U.S. GDP Revised Down to 1.6% in Q1 2026 as Inventories and Services Weigh

    Second BEA estimate: U.S. GDP grew 1.6% annualized in Q1 2026, down from 2.0%, as weaker inventories and softer services spending trimmed growth.

    · #economy #gdp #inflation #bea

  6. Financial Markets

    4,180 BTC ($304.7M) Transferred From Addresses Labeled 'Coinbase Institutional' to New Wallet

    Blockchain tracker Whale Alert flagged a May 28 transfer of 4,180 BTC (about $304.7M) from addresses labeled 'Coinbase Institutional' to a new unknown wallet.

    · $COIN #bitcoin #coinbase #cryptocurrency #whalealert

  7. Economy

    BIS Working Paper Finds China’s Inflation Responds Strongly to Slack and Expectations

    A BIS working paper finds China’s CPI inflation closely tied to economic slack and one-year-ahead expectations, suggesting standard policy models apply.

    · #china #inflation #bis #macroeconomics #policy

  8. Financial Markets

    About $1.3 Billion Dark-Pool Block of BlackRock’s IBIT Traded as Bitcoin Fell

    A roughly $1.3bn dark-pool block of BlackRock’s IBIT changed hands May 26 as Bitcoin dipped and U.S. spot ETFs saw net outflows.

    · $IBIT $BLK #bitcoin #etf #blackrock #darkpool

  9. Economy

    ECB warns Middle East war-driven energy shock heightens euro-area financial stability risks

    ECB's May 27 review says energy-supply shocks from the Middle East could push inflation, slow growth and strain banks, non-banks and sovereigns.

    · #ecb #euroarea #energycrisis #financialstability

  10. Industry

    Massachusetts Certifies App Drivers Union, Giving 70,000 Uber and Lyft Drivers the Right to Bargain

    Massachusetts has certified the App Drivers Union as the statewide bargaining representative for about 70,000 Uber and Lyft drivers under a 2024 law.

    · #labor #rideshare #uber #lyft #massachusetts

  11. Industry

    Former Hodlnaut CEO Charged in Singapore Over Alleged False Claims About UST Losses

    Singapore police charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts, accusing him of misleading users about the company’s TerraUSD exposure after UST’s 2022 collapse.

    · #hodlnaut #terraust #crypto #fraud

  12. Economy

    Bank of Canada staff hold Canada neutral-rate estimate; U.S. range raised on productivity, AI

    Bank of Canada staff keep Canada's nominal neutral rate at 2.25–3.25% while raising the U.S. estimate to 2.50–3.50% on stronger productivity and AI.

    · #canada #neutralrate #bankofcanada #ai

  13. Economy

    Kevin Warsh sworn in as Federal Reserve chair at White House ceremony

    Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.

    · #fed #federalreserve #kevinwarsh #inflation

  14. Industry

    New York Hotel Workers, Employers Reach Tentative 8-Year Deal With Record Wage Gains

    A tentative eight-year contract for roughly 25,000–27,000 New York hotel workers would boost wages, add paid parental leave, AI protections and housing funds.

    · #labor #hotels #newyork #union #wages

  15. Industry

    34 State Attorneys General Ask Court to Break Up Live Nation and Ticketmaster

    A bipartisan coalition of 34 state attorneys general asks a federal judge to force Live Nation to divest Ticketmaster and select amphitheaters.

    · $LYV #antitrust #livenation #ticketmaster #law

  16. Industry

    U.S., Boeing and Lockheed Set Seven-Year Plan to Triple PAC-3 Seeker Production

    U.S., Boeing and Lockheed set a seven-year framework to triple PAC-3 MSE seeker production, easing a key supply-chain bottleneck for Patriot interceptors.

    · $BA $LMT #defense #patriot #boeing #lockheed

  17. Financial Markets

    SpaceX Files for IPO, Revealing Starlink Profits, xAI Losses and a Super‑Voting Plan to Keep Musk in Control

    SpaceX filed for an IPO, disclosing $18.7B revenue for 2025, profitable Starlink, heavy xAI losses and a super‑voting share plan to keep Musk in control.

    · #spacex #ipo #starlink #xai #elonmusk

  18. Economy

    Fed minutes reveal sharp split over signaling near-term rate cuts

    April Fed minutes show an 8-4 vote to hold rates and a sharp split over whether to signal openness to future cuts as inflation and energy risks persist.

    · #fed #interestrates #inflation #monetarypolicy

  19. Industry

    Warren Challenges OCC Over Crypto National Trust Charters

    Sen. Elizabeth Warren requested OCC charter applications and legal analyses, arguing crypto trust charters let firms perform bank-like activities beyond legal limits.

    · $COIN #crypto #occ #regulation #elizabethwarren