News

Key Takeaways The Lidar maker Luminar, which rose to fame riding on the early investor enthusiasm around self-driving cars, filed for bankruptcy under Chapter 11 in the U.S Southern District of Texas yesterday, December 15. The bankruptcy plea was backed by approximately 91.3% of its first lien noteholders. Before filing for bankruptcy, the company agreed … Read more

Key Takeaways The implementation of the Crypto Market Structure Bill has been delayed as the US Senate Banking Committee has postponed the decision-making on the bill to 2026. A spokesperson for the banking committee has confirmed that the Chairman Tim Scott and the committee members have been consulting their Democratic counterparts to get clarity on … Read more

Key Takeaways The Asian markets edged lower ahead of the U.S job and inflation data releases. Amid the macro uncertainties, the markets are also weighed down by the fears surrounding the overvaluation of tech stocks and a possible AI bubble burst. Tokyo’s Nikkei 225 fell by 1.56%, to close at 49,383.29. Shanghai – Composite ended … Read more

Key Takeaways With the Fed rate cut voting at full swing with enough drama, the ripples have carried over to the US stock market. While one out of the three members who wanted a higher rate cut, there is a variance in the leading vote that rallies for a rate cut. While two members of … Read more

Key Takeaways The fear of an AI bubble has fueled the drawdown of the S&P 500 from its record Friday. Traders en masse pulled out of tech stocks and transitioned towards value assets. This was soon after news regarding the underperforming Broadcom and Oracle stocks came out, and a rumor regarding the AI bubble strengthened. … Read more