U.S. stocks dropped on Wednesday, with the S&P 500 and Dow giving back gains after rising for back-to-back sessions. The S&P 500 fell over 1% on Wednesday, while the Dow and S&P 500 both lost more than...
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the U.S. economy is strong enough to handle oil prices as high as $150 a barrel. “There could be some potential...
U.S. Treasury yields retreated on Tuesday morning as investors continue to assess inflation, with key data out later in the week. The yield on the benchmark 10-year Treasury note slid more than 5 basis points to 2.986%, having surpassed its highest level in almost a month on Monday, while the...
In response to customer demand, PayPal announced today that its users will now be able to transfer cryptocurrency from their accounts to other wallets and exchanges. “This feature was the most demanded from our users since we began offering the purchase of crypto on our platform,” said Jose Fernandez da...
Bitcoin's (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the price down to $29,200. Surprisingly, on June 7, the price rapidly reversed course as Bitcoin rallied back...
Stock futures dipped Monday evening after a sleepy day of trading as investors await key inflation data due out later in the week. Futures tied to the Dow Jones Industrial Average edged lower by 0.1%. S&P 500...
Stocks moved slightly higher on Monday as Wall Street tried to rebound from a losing week and navigated a jump in Treasury yields. The tech-heavy Nasdaq Composite rose 0.40%, and the S&P 500 gained 0.31%. The Dow...
Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors. Bitcoin investment products saw...
Bitcoin moved higher over the weekend as cryptocurrency investors continue to look for a bottom following a rough six months of selling. The largest cryptocurrency by market cap rose 4.3% Monday to $31,278.09, according to Coin Metrics....
Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern. "Why can't we pay rates on cryptocurrency if the risk is...
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