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USMNT clinches top spot in World Cup Group D: Everything you need to know about what happens next - The Athletic The New York TimesIs the USMNT a genuine World Cup contender? We asked our experts The New York TimesTeam USA's Entire World Cup Just Changed WSJThe USA dares to dream the impossible World Cup dream CNNSeattle might not be done hosting Team USA during World Cup The Seattle Times
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The Fed's Warsh era clearly has a new vibe — and that's not all bad for investors Yahoo FinanceBusiness The Economist2-year Treasury yield keeps going higher after spiking on hawkish start to Warsh's Fed CNBCDollar Rises to One-Year High on Increased Prospects of Higher U.S. Interest Rates WSJ
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Anti Fund, a venture and growth investment firm co-led by Geoffrey Woo and Jake Paul, has closed its oversubscribed $100m Anti Fund Growth I, a close which pushes the businesses' total assets under management beyond $180m. Growth I has already secured positions in a number of high-profile technology and infrastructure companies, including OpenAI, Anduril, SpaceX, […]
The post Anti Fund closes oversubscribed $100m growth fund appeared first on AltAssets Private Equity News.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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