CFTC chair Selig defends decision to approve ‘perps’ in U.S.

CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC’s “Fast Money,” defending his agency’s decision to approve the asset domestically. Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed internationally to ensure…

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Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion

Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion

Early SpaceX investor Ron Baron wasn’t taking profits during its blockbuster stock-market debut. He was buying more. The billionaire investor said Baron Capital purchased an additional $1 billion worth of SpaceX shares Friday during the company’s initial public offering, increasing the firm’s position in Elon Musk’s rocket and satellite company to roughly $25 billion. The…

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