Author: Jordan

Gold dropped approximately $100 on Hyperliquid’s perpetual futures contract on July 4, with prices dipping below $4,090 before snapping back. The whole thing played out in roughly a minute. The flash crash occurred on Hyperliquid’s XAU perpetual contract, a synthetic instrument that tracks the price of gold using oracle feeds rather than physical delivery. Arbitrage bots and market makers quickly moved to close the gap between Hyperliquid’s price and the oracle reference, stabilizing the contract. Hyperliquid’s gold perp was operating in thin liquidity conditions when this crash hit. Market makers and arb bots identified the price deviation from the oracle…

LME aluminium came under renewed pressure yesterday, with the three-month price falling towards $3,000/t as the market continued to unwind the geopolitical risk premium built up during the Middle East conflict. Sentiment was weighed down by an update from Emirates Global Aluminium (EGA). It said that around 7% of production pots at its Al Taweelah smelter have been restarted, highlighting steady progress in restoring output following the missile and drone attacks earlier this year. The update reinforced expectations that supply disruptions in the Gulf will prove temporary. Concerns over lost Middle Eastern production and shipping disruptions through the Strait of…

By Dharamraj DhutiaMUMBAI, – Indian gold loan financier IIFL Finance has accepted bids worth $300 million for a four-year social dollar bond, in its second such fundraise in less than ‌a month, ⁠two ⁠merchant bankers said on Friday.The non-banking finance company will offer a yield of 7.75% to investors, slightly below the initial price guidance at about 7.85%, the bankers added, requesting anonymity as ⁠they are ‌not authorised to speak to the media.IIFL Finance did not reply ⁠to a Reuters email seeking comment.In early ​June, IIFL Finance raised $500 million ​through a sale of social bonds maturing in three years…

By Julian Reed, ad hoc news Classics & Longsellers Desk. Reviewed July 05, 2026, 1:25 AM ET. Details in the imprint. OneMain Financial Personal Loan is the kind of product you notice when you walk past a branch and see a small sign promising money in your account as soon as the same day. Inside, you hear the hum of printers and the quiet click of a keyboard as loan specialist Maria Lopez talks a customer through their options. How the personal loan works OneMain Financial markets its unsecured and secured personal loans primarily to US consumers who need to…

By Daniel Foster, ad hoc news Classics & Longsellers Desk. Reviewed July 05, 2026, 1:52 AM ET. Details in the imprint. MUFG Platinum Card sits on the counter in a Tokyo branch, its metallic surface catching the overhead light as a bank clerk slides it across to a frequent traveler who asks about airport lounges. The card has been in Mitsubishi UFJ’s portfolio for years, quietly serving affluent customers who want premium benefits without chasing trend-of-the-month fintech apps. What the MUFG Platinum Card offers MUFG Platinum Card is a long-running credit card product issued by Mitsubishi UFJ NICOS, part of…

Average rental yields across England and Wales rose annually in Q2 2026, though six out of 10 regions recorded a quarterly dip, according to buy-to-let specialist lender Fleet Mortgages’ latest Buy-to-Let Rental Barometer. The quarterly barometer provides a regional snapshot of rental yield trends, with this instalment comparing Q2 2026 to Q2 2025. At a national level, average yields for England and Wales rose by 0.3% annually to 7.8%. Quarter-to-quarter, however, there has been a short-term dip from 8.1% in Q1. There has been movement in the regional table since the last quarter, but the North East continues…

UBS expects AI-related capex to approach USD 1 trillion next year, arguing capacity constraints across the AI supply chain support further gains in AI-linked equities even as concerns about capex sustainability persist. The bank sees a broadening rally as cyclical sectors catch up, aided by easing energy costs and improved supply visibility as Strait of Hormuz traffic gradually resumes. UBS does not expect the Federal Reserve to hike rates this year, viewing Fed Chair Kevin Warsh’s task force approach as a signal of a slower near term policy reaction, while any further ECB tightening is seen as delayed and data…

Haftu Strintzos broke the Australian marathon record and became the first Australian man to win the Gold Coast Marathon in 20 years, in a remarkable run in crisp, sunny conditions on Sunday morning.Not even an hour earlier, Cameron Myers had scored a dominant victory in the men’s mile at the prestigious Prefontaine Classic in the United States – and become the outright national record holder in the process.Haftu Strintzos winning the Gold Coast Marathon in record-breaking time. Casey Sims/Oceania AthleticsThe clock read 2:06:20 when Strintzos breasted the tape to win the Gold Coast Marathon.In a gutsy and pulsating dash to the…

A “perfect storm” is paving the way for growth in home equity investment contracts, with originations and secondary market activity both on the upswing for the emerging asset class, industry leaders said this week.  Processing ContentTailwinds behind the product gives reason for optimism, according to Mark Ginsberg, an expert in securitized products originations at Barclays Investment Bank. “Rates remain elevated. Equity in homes keeps growing. Homeowners need a way to access that. There’s some channels available to everybody. There’s way more demand moving around from homeowners than institutional capital is ready to meet. That’s just a great perfect storm,” he said at…

Investing in newly-listed companies can give investors early access to businesses with the potential for strong long-term growth. However, capturing these opportunities is not easy for retail investors. Identifying fundamentally-sound companies, securing allotment in often oversubscribed IPOs and staying invested through the inevitable volatility can be challenging.The Edelweiss Recently Listed IPO Fund (ERLIF) seeks to address these challenges by investing in a curated portfolio of recently-listed companies through disciplined stock selection and long-term portfolio construction. Launched as the close-ended Edelweiss Maiden Opportunities Fund – Series 1 in 2018, the scheme was converted into an open-ended fund and renamed in June…