Minerva Macro News

06/06/2024

Today's mortgage rates

06/06/2024

Kraken is in talks for a pre-IPO fund raising round, per Bloomberg

06/06/2024

The number of foreign born workers in the U.S. reached a record in March, per Bloomberg

06/06/2024

has resumed Mastercard $MA payments for crypto, per CoinDesk

As well as Mastercard payments, the Binance-branded Visa card, which was also switched off last year, has restarted functionality on the exchange.

06/06/2024

Federal regulators to proceed with antitrust investigations into Microsoft $MSFT, OpenAI, and Nvidia $NVDA in the industry, per NYT

06/06/2024

Robinhood $HOOD to acquire Bitstamp for $200 million

Bitstamp has EU market pe*******on and is one of the longest-running centralized exchanges in the industry

06/06/2024

The European Central Bank (ECB) has cut interest rates for the first time since 2019 by 25 bps, per CNBC

The ECB expects inflation to be 2.5% in 2024, 2.2% in 2025, and 1.9% in 2026

GDP growth is expected to be 0.9% in 2024, 1.4% in 2025, and 1.6% in 2026

06/06/2024

The S&P 500 reached its all-time high in 1929 when priced relative to the M2 money supply

06/06/2024

The Fifth Circuit Court has vacated the SEC's private funds rule, holding that the SEC exceeded its statutory authority to regulate private fund advisers

06/06/2024

Gold's share of global international reserves increased to 17.6% in 2023, the most in 27 years

is now the 2nd largest reserve asset held by Central Banks

The largest reserve asset remains the U.S. dollar, but the share has declined to 48% from ~60% in 2017

06/06/2024

Japan to actively manage 100 trillion yen (~$641.3 billion) of public funds, per Nikkei

06/06/2024

Google $GOOGL to acquire software virtualization company Cameyo, per The Verge

Google was already working closely with Cameyo, and now they will bring their key virtualization expertise and technology in-house