Stocks making the biggest moves premarket: Nvidia, Delta Air Lines, Eli Lilly & more

Stocks making the biggest moves premarket: Nvidia, Delta Air Lines, Eli Lilly & more




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The Fed issues its latest interest rate decision Wednesday. Here’s what to expect
Finance

The Fed issues its latest interest rate decision Wednesday. Here’s what to expect

Key Points Markets are pricing in a near-zero chance that the Federal Reserve will be cutting interest rates at this meeting — or any other in the near future. Updates to economic and rate projections also aren’t expected to show anything dramatic when the decision is released Wednesday at 2 p.m. ET. On top of […]

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Mastercard says it’s acquiring stablecoin startup BVNK in .8 billion bet on future of payments
Finance

Mastercard says it’s acquiring stablecoin startup BVNK in $1.8 billion bet on future of payments

Key Points Mastercard said it agreed to acquire stablecoin infrastructure startup BVNK for up to $1.8 billion — including $300 million in performance-contingent payments — in its biggest crypto deal ever. The deal gives the payments giant the ability to connect traditional rails with blockchain-based systems supporting stablecoins and tokenized deposits. BVNK, founded in 2021 […]

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Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’
Finance

Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’

Key Points Apollo executive John Zito said private equity firms are broadly misstating the value of their software holdings, telling UBS clients last month that “all the marks are wrong.” Zito warned that lenders to smaller software companies could recover as little as 20 to 40 cents on the dollar, implying deep losses. Apollo sought […]

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