Stock Markets The major indexes closed at lower levels, although the S&P 500 and Nasdaq Composite touched new intraday highs within the week before ending with a correction. Equities suffered some losses this week but the uptrend established from...
Israel has said it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing. Israeli Defence Minister Benny Gantz ordered security forces on Thursday to seize the accounts after a joint...
LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve “interoperability”...
It’s been a rocky week for stocks as falling yields raised fears the global economic recovery from the pandemic will come in fits and starts. On Thursday, the 10-year yield touched 1.25%, its lowest level since February. The S&P...
All three major averages notched record closes on Friday, rebounding from the previous session’s losses over concerns of a slowdown in global economic growth. The Dow Jones Industrial Average rose 448.23 points, or 1.3%, to a record close of...
Stock Markets The stock market index benchmarks closed the week mixed as the large-cap and growth stocks surge higher for the second week in a row. Sectors sensitive to interest rate movement, such as the real estate sector, outperformed...
U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the "highly opaque and volatile" cryptocurrency market and blasted its lack of regulation as unsustainable. Warren, a Democrat who chairs the...
Cryptocurrencies were in the crosshairs Thursday. Bitcoin, ether and litecoin all tumbled as investors soured on riskier assets in favor of safe havens such as bonds. Craig Johnson, chief market technician at Piper Sandler, is watching...
Crypto skeptic U.S. Sen. Elizabeth Warren (D-Mass.) gave the Securities and Exchange Commission (SEC) until the end of this month to figure out its role in regulating cryptocurrencies. The senator, who chairs the Senate Banking Committee's Subcommittee on Economic...
It's far from a market in turmoil, but a day after stocks touched record highs it is a market getting drilled with some valid fears. The Dow Jones Industrial Average tanked nearly 500 points in early afternoon trading Thursday...
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