An eclectic mix of shorter-maturity Treasuries, beaten-up Asian currencies and even instant-noodle stocks look set to be among the early beneficiaries of the US-Iran agreement, according to global hedge fund managers.
Bitcoin climbed to its highest level in nearly two weeks after the US and Iran said they had reached an agreement to end hostilities and reopen the Strait of Hormuz.
A deal to reopen the Strait of Hormuz spurred a rally in riskier corners of Wall Street, with stocks climbing alongside cryptocurrencies as oil sank on hopes the war that has jolted markets is close to an end.
The cost to fund US equity positions is surging unexpectedly, as a combination of the AI-driven stock rally, the massive growth of leveraged ETFs and SpaceX's $75 billion public listing tests Wall Street's market plumbing.
When Eli Ben-Sasson helped create the Zcash cryptocurrency nearly a decade ago, the cryptographer worried about human adversaries. He didn't expect that machine intelligence would one day expose a flaw that had eluded years of expert human judgment.
The US killed the leader of the Tren De Aragua drug cartel, NiƱo Guerrero, in a strike that was carried out with the assistance of Venezuela, President Donald Trump said.
The US Commodity Futures Trading Commission is considering whether to block CME Group Inc.'s bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator.