The Repo Market Explained: $12.6 Trillion of Plumbing
How the repo market works: $12.6T daily, SOFR, tri-party clearing, the Fed’s Standing Repo Facility, and the 2019 spike that changed everything.
Bitwise Debuts $259M Tokenized Crypto Carry Fund USCC
Bitwise took over Superstate’s $259M USCC tokenized fund on June 1, 2026, bringing the crypto basis trade onchain as tokenized RWAs hit $31.8B.
HPE Surges 23% on Record Q2, Pulls 2028 Targets Forward
Hewlett Packard Enterprise blew past Q2 FY26 estimates with $10.68B revenue and $0.79 EPS, raised FY26 guidance sharply, and said it will hit its 2028 AI targets this year.
Black-Scholes Explained: How Options Are Priced
The Black-Scholes options pricing model, in plain English: the formula, the five inputs, a worked example with verified numbers, and where it breaks.
Cognition Hits $26B in $1B Series D; Devin ARR Reaches $492M
Cognition raised $1B at a $26B post-money valuation — 2.5x its September 2025 mark — as Devin’s ARR reached $492M with enterprise usage up 50% monthly.
AST SpaceMobile Falls 18% on Blue Origin Pad Explosion
AST SpaceMobile (ASTS) shed nearly 18% Friday after a Blue Origin New Glenn engine test exploded at Cape Canaveral, rattling the entire space-stock complex.
Relative Strength vs RSI: What’s the Difference?
Relative Strength (RS) and the Relative Strength Index (RSI) sound alike but measure totally different things. Here’s the clean distinction.
Banks Push Fed to Codify Bowman Supervision Rollbacks
Wall Street wants the Fed to formally codify Vice Chair Bowman’s supervisory rollbacks before a future administration can undo them.
NetApp Surges 22% on Record Q4, AI Data Engine Drives FY27
NetApp jumped 22% to $174.29 after a record Q4 FY26: $1.95B revenue, $1.2B all-flash, and FY27 guidance up to $7.58B on AI Data Engine demand.
CPI vs PCE: Why the Fed Targets PCE Inflation
CPI vs PCE explained: how the two US inflation gauges differ in scope, weights, and formula, and why the Fed’s 2% target rides on core PCE.