Stock Market Today: Dow Futures Drop as Brutal First Half of 2022 Draws to End

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

Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate

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.

The Dollar’s Exchange Rate Is Hurting Emerging-Markets Currencies

A strong US dollar is now whacking emerging-markets currencies. Money managers are selling the South African rand and Brazilian real, reversing a trend earlier in the year when the sharpest commodities rally in modern trading history supported emerging-markets currencies despite a strong dollar. The rand and the real both declined more than 9% against the … Read more

G-7 nations to announce import ban on Russian gold

The move would add to a series of punitive penalties imposed by the West on Russia since its onslaught of Ukraine began on Feb. 24. Maxim Shemetov | Reuters The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, US President Joe Biden confirmed on … Read more

US dollar slides as markets re-evaluate Fed rate path

In this photo illustration, US $ 100 bills seen on an American flag. Igor Golovniov | SOPA Images | LightRocket | Getty Images The US dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their … Read more

Cryptocurrencies Are Down, But Don’t Count Them Out

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

Cryptocurrencies Are Down, But Don’t Count Them Out

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

Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Stock Futures, Oil Drop After Rally

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

Elon Musk says SpaceX will accept Dogecoin for some merchandise, though the crypto is down 90% from all-time high

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