State Street Investment Management

Vanguard index product becomes first ETF to top $1 trillion in assets

Vanguard index product becomes first ETF to top $1 trillion in assets ORLANDO, Florida, June 3 : The Vanguard S&P 500 ETF, the index investing pioneer's flagship exchange-traded product, became the first in the history of ETFs to reach and exceed $1 trillion in assets, the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after overtaking State Street Investment...

Japanese bond yields are the highest in 40 years. The budget and a 'red flag' from PM Takaichi have markets nervous

Japanese Prime Minister Sanae Takaichi is compiling a supplementary budget to help households with the cost of living, but it's also created skepticism about whether she can stick to her promises about debt issuance. The budget was largely in line with market expectations, at about 3 trillion yen ($19 billion), but comes as Japan still struggles with higher energy prices, rising subsidy costs, and a weak yen. The budget also marks a reversal from her earlier position that extra spending was...

SpaceX IPO explained: Can Indians invest and how does it work?

SpaceX is set to enter Wall Street, with an IPO valued at a whopping $1.75 trillion! The long-awaited listing has kicked off a rush among retail investors all chasing a slice of its rockets, satellites and AI empire, turning it into one of the most talked-about market moments in recent times. Demand is already so high that bankers have reportedly received twice the number of orders compared to the shares available.

Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs

Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency. Its price has tumbled around 15 per cent this week, the most since November 2022, when trading platform FTX imploded. At around $63,000, bitcoin has lost a third in...

strace-ui, Bonsai_term, and the TUI renaissance

We’ve always found strace useful but somewhat hard to work with. Its output is often inscrutable, it’s hard to follow subprocesses or threads, and if you want to filter syscalls you have to rerun the trace with a flag for each one. What you want in debugging is a tool for exploring, refining, etc., but strace can make this difficult.

Kalshi wants small businesses to hedge like Wall Street. A NYC bar is trying it with Knicks promotion

Kalshi is relying on Wednesday's Knicks game and a New York City bar to show off its hedging-for-the-masses strategy. A local New York City bar on the Upper East Side is promising customers that if the Knicks win its first game against the Spurs, it will pay for everyone's tab. It's able to execute that bold promise because of hedging.

Oil rises, stocks slip on fragile Mideast peace hopes

Oil rises, stocks slip on fragile Mideast peace hopes NEW YORK: Oil prices rose on Wednesday (Jun 3), edging closer to US$100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal. Wall Street indexes tumbled and European stocks were mostly in the red, following a mixed showing in Asia.

EU’s big 6 pitch a rival to Wall Street

$5 billion-plus company GitLab cuts hundreds of jobs, exits 22 countries; CEO blames it on AI

GitLab is laying off around 350 employees, roughly 14% of its workforce, and pulling out of 22 countries—a restructuring CEO Bill Staples is pinning on what he calls the "agentic era" of software development. The DevSecOps company announced the cuts on Tuesday alongside a first quarter that beat Wall Street, with revenue up 23% to $264.2 million and adjusted earnings two cents above estimates. Shares climbed 7% after hours to $34.05, pushing market cap past $5 billion.

Egypt’s new monorail offers a modern ride, but Cairo is still not convinced

Egypt’s new monorail offers a modern ride, but Cairo is still not convinced Cairo’s East Nile monorail opened to passengers this month as a flagship of Egypt’s infrastructure ambitions. Cairo, Egypt – On a weekday afternoon in early May, Mohammed Adel boarded the monorail at Musheer Tantawi station and watched Cairo’s cityscape scroll by. The 48-year-old sales manager had boarded a train on the Egyptian capital’s latest public transport transit line, Cairo’s East Nile monorail, to test it.