Business
fromJezebel
1 day agoThe Stock Market Can Stay Irrational Longer than You Can Stay Solvent
Allbirds' stock surged 600% after announcing a shift to AI, illustrating market irrationality during manias.
Tempo's stablecoin advisory aims to help businesses and financial institutions adopt stablecoins by providing support in identifying relevant use cases and offering engineers for integration.
The most senior officials from the US Federal Reserve, the European Central Bank, and the Bank of England are expected to take part in a desktop stress test to respond to another Lehman Brothers-style collapse.
Polymarket is reportedly in advanced talks to raise approximately $400 million in new funding at a post-money valuation of roughly $15 billion, according to a report published by The Information. The round has not been finalized, meaning terms could still change.
The Invesco DB Commodity Index Tracking Fund (NYSEARCA:DBC) is up 42% over the past year, and nearly 29% year-to-date. These gains reflect a war that has scrambled global commodity supply chains from crude oil to wheat to fertilizer.
RaveDAO, the Web3 music and entertainment protocol, has denied allegations of market manipulation following a catastrophic week that saw its native token, RAVE, lose nearly 95% of its value. The project's response comes as the token, which peaked at an all-time high of $28.90 just days ago, is now trading at approximately $1.24, effectively wiping out billions in paper wealth and triggering investigations by major exchanges.
RAVE plunged more than 60% from its high as Binance and Bitget began reviewing the claims. The selloff unfolded rapidly, with price action confirming a disorderly unwind across major trading venues.
Over time, markets get ahead of themselves. Excitement over AI, green energy, or whatever the next big thing is tends to push stock valuations far beyond what fundamentals justify. Accordingly, more often than not, a correction can be the catalyst that brings valuation discipline back into the discussion. Think of it as the market taking a deep breath.
As an investor for more than 50 years, Bridgewater Associates founder Ray Dalio told Fortune's Kamal Ahmed that, after studying the rises and declines of reserve currencies in major empires over the last 500 years, he sees the same patterns repeating "like a movie." It all boils down to five specific forces that interact-money and debt, domestic politics, world order, nature, and technology, Dalio said. Every issue today sits within the interaction of these forces and their long-term cycles, he said.