5 things to know before the stock market opens Friday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are lower after release of May jobs report Traders on the floor of the NYSE, May 27, 2022. Source: NYSE Stock futures were down Friday morning, as Wall Street digested the release of May’s better-than-expected … Read more

Binance raises $500 million fund to invest in Web3 startups

Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund, … Read more

Crypto deals help fuel NBA sponsorship money to $1.6 billion

In this photo illustration a Coinbase logo is displayed on a smartphone with a NBA logo in the background. Thiago Prudencio | Sopa Pictures | light rocket | Getty Images Cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021-22 season, according to estimates by IEG, a sports partnerships … Read more