Text size Investors continue to fret over the pathway of the Federal Reserve’s monetary policy. Saul Loeb / AFP via Getty Images Stocks dropped on Thursday and were set to end a brutal first half of the year as the familiar fears of more interest rate increases and the risk of recession continued to weigh … Read more
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.
Updated June 24, 2022 9:27 pm ET / Original June 24, 2022 9:15 pm ET Order Reprints Print Article Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Crypto Endgame Isn’t Near Paulsen’s Perspective The Leuthold GroupJune 24: Cryptocurrencies have long been … Read more
This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Crypto Endgame Isn’t Near Paulsen’s Perspective The Leuthold GroupJune 24: Cryptocurrencies have long been considered a flash-in-the-pan speculation, bound to end badly. Bitcoin has fallen from almost $ 70,000 to about $ 20,000 since last … Read more
US stock futures fell, oil prices dropped and bond yields ticked lower after major indices rallied to start the trading week, with recent volatility in markets showing few signs of abating. Futures for the S&P 500 declined 1.4% Wednesday. Contracts for the tech-focused Nasdaq-100 contracted 1.6% and futures for the Dow Jones Industrial Average receded … Read more
Dogecoin has jumped 13% over the past 24 hours on Tuesday to around $ 0.068, after Elon Musk reiterated his support for the meme coin, even though the crypto has lost more than 90% of its value from its all-time high in May 2021. Musk, chief executive at both Tesla TSLA, + 11.18% and SpaceX, … Read more
US stocks climbed, offering investors a reprieve from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling. The S&P 500 gained 1.6% Tuesday, while the Dow Jones Industrial Average added 1.4%, or 410 points. The Nasdaq Composite Index jumped 1.7%. The US stock market was closed Monday for the Juneteenth federal … Read more
Technical strategist Tom DeMark in March said bitcoin could fall as low as $ 18,418 – back when the cryptocurrency was trading as high as $ 48,000. A volatile weekend had bitcoin BTCUSD, -1.11% briefly trading below $ 18,000, as it traded around $ 20,000 on Monday, down some 70% from its Nov. 10 peak … Read more
Crypto Companies Pull Back on Marketing After Their Super Bowl BlitzThe Wall Street Journal
International stocks broadly rose in the absence of fresh news about inflation and interest rates, while US markets were closed for the Juneteenth public holiday. Stocks and bonds have been pummeled globally this year. Driving the selloff are the push by the Federal Reserve and other central banks to quell inflation, and concerns that higher … Read more