Author: Jordan

On June 11 gold futures on the Shanghai Futures Exchange plunged more than 4% at the start of trading, dragging silver down while China’s energy and industrial commodity futures continued to rise. This sharp metals-versus-industrials divergence raises volatility and cross-asset risk that could pressure crypto, DeFi and CEX/DEX liquidity and influence fundraising and adoption dynamics in digital-asset markets.Bearish Source link

SpaceX (SPAX.PVT) may be a generational business. History says IPO day can still be a terrible entry point. Across more than 9,000 operating-company initial public offerings from 1975 to 2021, 60% of returns finished flat or lower three years after the first close, while only 16% more than doubled. The average return was positive — but only because a small group of moonshots pulled it higher. Three years after buying at the first close, 60% of IPOs were flat or down, while only 16% more than doubled. · Jay R. Ritter, University of Florida, Yahoo Finance analysis The data comes…

Sharon Stone said on the latest episode of “The Louis Theroux Podcast” that producer Robert Evans advised her to have sex with co-star Billy Baldwin in order to save their film, “Sliver.” The 1993 thriller from director Phillip Noyce starred Stone as a book editor who moves into an exclusive New York City apartment building and discovers its residents harbor dark secrets. Evans allegedly wanted Stone and Baldwin to have better “chemistry on screen” because it would “save the movie.” “He is running around his office in sunglasses explaining to me that he slept with Ava Gardner and I should…

Foundation has revamped its buy-to-let (BTL) mortgage range with the addition of new deals, as well as making rate reductions. The firm has introduced remortgage-only products at 65% loan to value (LTV), available at 6.09% for F1 lending and 6.29% for F2. There is also a first-time buyer/landlord two-year fixed rate at 75% LTV available at 6.39% for F1 borrowing; for F2, the two-year fix at 65% LTV stands at 5.99%. Its two-year fixed rate house in multiple occupancy (HMO) and multi-unit freehold block (MUFB) offerings at 65% LTV are priced at 6.14% and 6.19%, respectively. The Property Plus…

SpaceX’s Super Heavy booster is seen on the launch pad, as Starship is prepared to be placed on top, at the company’s Boca Chica complex, ahead of Starship’s eighth test flight which is targeted for March 3, from Starbase, near Brownsville, Texas, U.S. March 2, 2025.Kaylee Greenlee | ReutersFor nearly two decades, some of the world’s most prominent investors quietly accumulated stakes in SpaceX while the rocket maker remained largely off-limits to the public markets. Now, with Elon Musk’s company seeking a valuation of roughly $1.8 trillion in its initial public offering, those early bets are poised to generate some…

A former retail banker at TD Bank was sentenced to two years in prison for accepting bribes and helping launder more than $5.5 million in narcotics proceeds to Colombia, the Justice Department announced. Leonardo Ayala, 26, of Homestead, Florida, was also ordered to serve three years of supervised release following his prison term, prosecutors said. According to court documents, Ayala exploited his position at TD Bank N.A. between June and November 2023 to facilitate the laundering of narcotics proceeds to Colombia. During that period, he opened fraudulent accounts, issued more than 150 debit cards to shell companies, and unblocked debit…

Credit unions have given a commitment to their members that they are not increasing interest rates on the sector’s mortgage offering. It comes after the European Central Bank decided to hike its main lending rates in a move that will see tracker mortgage rates go up, with fears that variable and future fixed rates offered by banks and non-bank lenders will also rise.Credit unions have been offering mortgages for around a decade, but last year a number of them got together to offer a standardised product.The Capped Variable Rate Mortgage is now offered by 46 credit unions and is proving…

Why the DOL’s alts proposal could shift 401(k) conversation around fees Pensions & Investments Source link

The Renters’ Rights Act went live in May, ending no-fault evictions and shifting tenancies to rolling contracts.The reforms also ban landlords from requesting more than one month of rental payment upfront.The one month advance payment can only be paid once a tenancy agreement is signed. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to Money Morning Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter Don’t miss the latest investment and personal finances news,…

9:43 AM, 11th June 2026, 9 hours ago Since Section 21 was abolished on 1 May 2026, there have been huge increases in the number of landlords searching for information about evicting tenants using Section 8. Many have convinced themselves they only have two options: keep the property and hope things improve, or evict the tenant before trying to sell, but the problem is that neither option is necessarily as straightforward as it first appears. The “I’ll just wait until the tenant leaves” strategy can be risky A surprising number of landlords are effectively doing nothing, they’re concerned about compliance…