(RTTNews) - European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes.
(RTTNews) - European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes.
Alllex For the past 25 years, day traders of stocks and options in the U.S. needed to have $25,000 sitting in their accounts. If they didn't, they could only execute three day trades over a five-day period, while making a fourth trade would flag them as a pattern day trader and lock them out of their account. No longer. The PDT (Pattern Day Trading) rule is disappearing today—or at least most of i...
Alllex For the past 25 years, day traders of stocks and options in the U.S. needed to have $25,000 sitting in their accounts. If they didn't, they could only execute three day trades over a five-day period, while making a fourth trade would flag them as a pattern day trader and lock them out of their account. No longer. The PDT (Pattern Day Trading) rule is disappearing today—or at least most of it. Backdrop: The pattern day trading rule was implemented by FINRA in 2001 in response to the dot-com bubble. Active traders got hit hard during the downturn given the use of borrowed money, or trading on margin. New requirements were then put in place to fund their accounts in the hope of curbing excessive risk and speculative activity, as well as protecting brokerages from significant losses. However, critics have taken issue with the rule, saying that it was seemingly based on wealth rather than safety, and it was developed before the advent of zero-commission trading and real-time market access. Under the new system, the $25,000 minimum balance is going away, as well as the old rule that counted trades and the label of a "Pattern Day Trader." Instead, brokers will utilize monitoring infrastructure to look at the actual risk of open trades, and could block overleveraged ones or issue a margin call by the end of a trading day. It's also a massive win for fast-moving derivatives, as retail accounts can now rapidly buy and sell zero-days-to-expiration (0DTE) options. Existing margin requirements are sticking around, however, including the $2,000 margin base minimum, the 25% margin maintenance rule, and the restrictions associated with repeatedly failing to pay off margin deficits on time. Outlook: While FINRA is scrapping the PDT rule today, it is giving companies time to implement the changes across their systems. Brokerages like Robinhood ( HOOD ) and Webull ( BULL ) are jumping on the bandwagon immediately, though Charles Schwab ( SCHW ) is waiting until June 8, and Inte...
Broadcom reported earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
Broadcom reported earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
Financial services holding company Fairfax Financial Holdings Limited ( FRFHF ) announced that it has priced a private offering of US$750 million in senior notes maturing in 2056. The notes were priced at par (100% of their principal amount) and will carry a fixed interest rate of 6.200%, payable annually. Fairfax plans to allocate the net proceeds generated from the debt sale to general corporate...
Financial services holding company Fairfax Financial Holdings Limited ( FRFHF ) announced that it has priced a private offering of US$750 million in senior notes maturing in 2056. The notes were priced at par (100% of their principal amount) and will carry a fixed interest rate of 6.200%, payable annually. Fairfax plans to allocate the net proceeds generated from the debt sale to general corporate purposes. Additionally, the insurance giant intends to enter into a registration rights agreement related to the debt securities . The deal is slated to close on or about June 8, 2026. More on Fairfax Financial Holdings Fairfax Financial: Quality Compounder, But Not A Cheap One Anymore Fairfax Financial Holdings Limited (FFH:CA) Q1 2026 Earnings Call Transcript Fairfax Financial Holdings Limited (FFH:CA) Shareholder/Analyst Call - Slideshow Fairfax prices $750M senior notes offering Fairfax Financial GAAP EPS of $31.11 misses by $19.09
Rising DRAM and NAND memory costs are pressuring margins at Nintendo and Sony while posing indirect launch risks for Take-Two Interactive's GTA6 release.
Rising DRAM and NAND memory costs are pressuring margins at Nintendo and Sony while posing indirect launch risks for Take-Two Interactive's GTA6 release.
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool wou...
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool would be used for fund documentation, drafting side letters, and keeping track of private equity firms' deals with their investors and monitoring compliance. It can also help in advising on continuation vehicles, through which private equity firms sell companies to themselves. Palantir ( PLTR ) won't have access to confidential client data, Erica Berthou, partner in Kirkland's investment funds practice, told FT . "It became really important for us to take [our] institutional knowledge and senior partner judgment and embed that into an AI system," she said. "This will speed up and make the complex fundraising market system more efficient." Berthou added that this could lead to a shift from billing clients for the number of hours worked to charging them for an overall project. To note, Kirkland advised on funds that raised, or aimed to raise, nearly $500B in total last year. Last week, the law firm said it would invest $500M over 3-4 years to create a custom AI platform, starting with $100M this year. This is the largest AI-related investment disclosed in the legal industry. More on Palantir Palantir: Strong Execution, But The Budget Ceiling Is Now Visible Palantir: The Bottom May Be In; Next Stop $250 (Technical Analysis) Michael Burry reiterates bearish views on Palantir Palantir’s NHS deal faces criticism from UK parliamentarians
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool wou...
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool would be used for fund documentation, drafting side letters, and keeping track of private equity firms' deals with their investors and monitoring compliance. It can also help in advising on continuation vehicles, through which private equity firms sell companies to themselves. Palantir ( PLTR ) won't have access to confidential client data, Erica Berthou, partner in Kirkland's investment funds practice, told FT . "It became really important for us to take [our] institutional knowledge and senior partner judgment and embed that into an AI system," she said. "This will speed up and make the complex fundraising market system more efficient." Berthou added that this could lead to a shift from billing clients for the number of hours worked to charging them for an overall project. To note, Kirkland advised on funds that raised, or aimed to raise, nearly $500B in total last year. Last week, the law firm said it would invest $500M over 3-4 years to create a custom AI platform, starting with $100M this year. This is the largest AI-related investment disclosed in the legal industry. More on Palantir Palantir: Strong Execution, But The Budget Ceiling Is Now Visible Palantir: The Bottom May Be In; Next Stop $250 (Technical Analysis) Michael Burry reiterates bearish views on Palantir Palantir’s NHS deal faces criticism from UK parliamentarians
CoreWeave (NasdaqGS:CRWV) expanded multi-year AI infrastructure agreements with Anthropic and Meta Platforms, including a Meta contract that runs to around 2032. The company is set to join the Russell 3000 Index, increasing its visibility with institutional investors. CoreWeave also invested in AI startup Tensormesh, adding to its AI infrastructure capabilities alongside its previously announced V...
CoreWeave (NasdaqGS:CRWV) expanded multi-year AI infrastructure agreements with Anthropic and Meta Platforms, including a Meta contract that runs to around 2032. The company is set to join the Russell 3000 Index, increasing its visibility with institutional investors. CoreWeave also invested in AI startup Tensormesh, adding to its AI infrastructure capabilities alongside its previously announced Vera Rubin hardware launch. CoreWeave is an AI infrastructure provider focused on high...