Sat, Jun 29, 2024 4:07 PM
FIIs end up buying Indian stocks worth over Rs 26,000 crore in June
A Flip by Avya Verma
Metaplanet, a Japanese investment adviser, spent $1.2 million to buy 20.2 BTC, increasing its total holdings to 161.3 BTC. This is part of its $6 million strategy to boost BTC holdings, which will increase its total BTC value to $15 million. The company aims to take advantage of the changed investment environment resulting from the Covid pandemic.
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German inflation slowed to 2.5% in June, down from 2.8% in May, meeting analyst expectations. Energy costs continued to decline, while goods prices eased and services remained unchanged. This slowdown may influence the European Central Bank's decision to lower interest rates, with a target rate of 2%. Meanwhile, wage growth poses an upside risk to prices, with negotiated pay increasing 6.2% in Q1.
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Keith Gill, a popular meme stock trader, revealed 6.6% stake in CHWY through an SEC filing, sending shares up over 11% in pre-market trading. Gill now owns 9.1 mn shares of the petcare provider. The filing follows a cryptic post on X that sent Chewy shares soaring 30% on June 27. The move adds to Gill's recent market activity, including a large stake in GME and a class action lawsuit against him.
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