Straits Times Index
3,239.03 +26.39 (+0.82%) S&P 500
3,977.53 +6.54 (+0.16%) Dow
32,432.08 +194.55 (+0.60%) Nasdaq
11,768.84 -55.12 (-0.47%) Bitcoin USD
27,080.30 -991.20 (-3.53%) CMC Crypto 200
587.32 -20.14 (-3.32%)
AAPL Jun 2024 70.000 call
| Previous close | 91.00 |
| Open | 90.48 |
| Bid | 90.45 |
| Ask | 93.40 |
| Strike | 70.00 |
| Expiry date | 2024-06-21 |
| Day's range | 90.48 - 91.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 277 |
- Investing.com
Hedge funds and C-suites: Trump-linked DWAC fires CEO | Pro Recap
Digital World Acquisition (NASDAQ:DWAC), fired Patrick Orlando from his positions as Chairman and CEO of the company, according to the Wednesday filing. Orlando, who, together with his other company ARC Global Investments, owns 10% of DWAC, remains a director of the company. Eric Swider, another director, was appointed to serve as interim chief executive while the board works on executing a final succession plan.
- Financial Times
The Fed and the market are both right
Money is pouring into money market funds as investors seek safety: $286bn in March, the FT reports. While that is not a massive shift relative to the size of the US banking system (it is less than 2 per cent of the $17.5tn of bank deposits) it shows that nerves remain on edge. The two-year yield is the bond market’s most sensitive barometer of Federal Reserve rate policy, and since last Wednesday — the day of the Fed’s press conference — it has fallen by almost half a percentage point, to 3.77 per cent. That’s a lot, and it’s especially a lot given that what the Fed announced on Wednesday was a 25 basis point rate increase, and that the Open Market Committee’s “dot plot,” showing each member’s future policy expectations, shows there is at least one more hike to come this year.
