Hedge fund billionaire Ken Griffin suggests that Miami could potentially replace New York City as the finance capital . Stocks and bonds rally as traders speculate that the Federal Reserve is done with interest rate hikes. The Toronto Stock Exchange sees a 1.6% increase due to strength in finance and base metals. The S&P 500 rises by 2% as bets on the 'Fed is done' narrative lower U.S. yields. The PGA Tour announces plans to offer equity ownership to players. The U.S.
Securities and Exchange Commission celebrates $5 billion in penalties after a year of cracking down on cryptocurrency. Meta, formerly known as Facebook, gains more support from Wall Street as its rally approaches 300%. Alphabet CEO Sundar Pichai faces questioning about record-keeping practices at the Google Play trial. Investors are covering their short bets, leading to a rise in stock prices. The Canadian government extends the deadline for an underused housing tax. Surveys reveal that women are less likely than men to request a raise or negotiate their salary. Many Canadians are reported to be 'uncomfortably close to broke' and stuck in a 'chaotic whirlwind of personal finance stress.' Canadian tech workers earn 46% less than their counterparts in the United States
Source: News Formal (newsformal.com)
Ken Griffin Miami New York City Finance Capital Stocks Bonds Rally Traders Federal Reserve Interest Rate Hikes Toronto Stock Exchange S&P 500 PGA Tour Equity Ownership U.S. Securities And Exchange Commission Cryptocurrency Meta Wall Street Alphabet Sundar Pichai Google Play Investors Short Bets Stock Prices Canadian Government Underused Housing Tax Surveys Women Salary Negotiation Canadians Personal Finance Stress Tech Workers United States
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