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Citadel Securities sues former European head Leonard Lancia for over £6 million in London, alleging he secretly planned crypto firm Portofino Technologies while employed. The court denied his request to lift an asset freeze, escalating the legal battle over trade secrets and breach of duty.
Read MoreThe USD/JPY pair extended its decline, hitting an intraday low of 161.05. The yen's sharp appreciation is driven by multiple market factors. This article analyzes the key reasons behind the move and provides outlook for the currency pair's next direction.
Read MoreSoftBank Group and SoftBank Corp. are forming SB Neo, a joint venture to launch a new AI-focused cloud service in the U.S. by fiscal 2027. The move targets the surging demand for AI compute power and could substantially boost the company's profits.
Read MoreThe crucial US June Non-Farm Payrolls report is set for release tonight at 8:30 EST. Market forecasts point to a sharp slowdown in job growth to around 110K, following unexpectedly weak ADP data. This report is pivotal for Fed policy expectations and global market sentiment.
Read MoreThe US has warned Iran that any attempt to alter the status quo in the Strait of Hormuz would be considered a breach of agreements. Sources indicate this is seen as a test of Iran's commitment, with progress on frozen funds contingent on compliance, raising tensions over the vital waterway.
Read MoreUS storage chip stocks extended losses in pre-market trading, with SanDisk dropping over 4%. Western Digital and Micron fell more than 3%, while Seagate declined nearly 3%. The sector faces cyclical pressures and weak demand concerns.
Read MoreBinance Futures launched 8 new USDT-margined perpetual contracts today, July 2nd, in a phased rollout. The contracts cover TradFi assets like Strategy Inc, Caterpillar, and Texas Instruments, all offering leverage of up to 25x, expanding options for traders.
Read MoreUS memory chip stocks extended losses in pre-market trading, with Micron Technology leading the decline. Major players like Western Digital and SanDisk also fell, reflecting growing concerns over near-term demand and inventory cycles in the semiconductor memory sector.
Read MoreThe EU's top court has dismissed Google's appeal, definitively upholding a record €4.1 billion antitrust fine. The ruling confirms Google illegally abused the dominance of its Android mobile operating system, marking a major victory for EU regulators in their crackdown on Big Tech's market power.
Read MoreEconomists warn that Indonesia's short-term inflation may rise due to higher food and transport costs and a weak rupiah. While inflation is expected to stay within the central bank's target, upside risks persist. The central bank may adopt a defensive stance, potentially raising rates to support the currency.
Read MoreOn-chain data reveals F2Pool co-founder Chun Wang deposited significant crypto assets to Binance on July 2, including 16,842 ETH and 60 WBTC, valued over $30M. This move contrasts with his larger cumulative withdrawals since late May, sparking speculation about his market strategy.
Read MoreSoftBank subsidiary SB NEO is set to launch NeoCloud, a service providing computational resources for large language model training and inference to major US enterprises and hyperscale cloud providers. This move expands SoftBank's footprint in the AI infrastructure market.
Read MoreMorgan Stanley has increased Goldman Sachs' price target from $1021 to $1099 while maintaining an 'Equal-weight' rating. This adjustment signals cautious optimism about the firm's performance, potentially driven by business strategies or market conditions.
Read MoreChina's commerce ministry announced progress on agricultural tariffs with the U.S., stating both sides agreed to expand two-way trade under a reciprocal tariff reduction framework. Market principles will guide trade, with China willing to work with the U.S. to create favorable conditions.
Read MoreState Street Global Advisors maintains that the gold bull market has further upside, with prices potentially reaching $4750-$5500/oz within 6-9 months. While volatility may increase, structural post-pandemic trends remain intact, with strong support identified around $3750-$4000.
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