U.S. Households are now spending a record $573.4 billion on non-mortgage interest payments which for the first time in history is roughly the same as mortgage interest payments.
source : Barchart
U.S. companies will have to start telling the public about their climate risks
The SEC voted Wednesday to impose climate-disclosure requirements that will be significantly softer than those it proposed in March 2022 after the agency received thousands of comment letters and numerous litigation threats over the plan. In the biggest change, the regulator won’t force companies to quantify pollution from their supply chains or customers, known as Scope 3 emissions. Additionally, firms will face a higher bar for when they need to reveal more direct carbon footprints in their regulatory filings, which are known as Scope 1 and Scope 2 emissions. source : Bloomberg
There are no longer any companies in the $3 trillion market cap club.
source : bespoke
GOOGL closed under its 200D moving average for the first time in 12 months
source : barchart
Germany Stock Exchange Firm Deutsche Boerse Launches Crypto Trading Platform
Germany-based Deutsche Boerse announced fully regulated crypto trading platform Deutsche Boerse Digital Exchange (DBDX). The spot trading platform is targeted for institutional clients said the Deutsche Boerse. The new Deutsche Boerse Digital Exchange is the latest step in its digital strategy to deliver a fully regulated and secure environment for institutional trading, settlement, and custody for this digital asset class. The German exchange group last year committed to introduce an integrated digital asset platform as part of its Horizon 2026 program. The initial trading will be request-for-quote basis and gradually moving to multilateral trading. Deutsche Boerse will offer trading venue and Crypto Finance (Deutschland) to provide digital asset clearing and settlement services. source : coingape
Jeff Bezos just passed Elon Musk to retake the position as the richest person in the world
source : Bloomberg Billionaire Index
BlackRock's Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets
Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock's IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%. source : hodl15capital
Regional banks don't look great compared to both large-caps and small-caps
source : all star chart
