Lightspeed Venture Invests $2.8M in Crypto Market Maker Wintermute

Wintermute, an algorithmic liquidity provider, has received a $2.8 million investment from the prominent early-stage firm Lightspeed Venture Partners. The London-based firm distributes liquidity with techniques similar to those used in high-frequency trading and traditional market making.Founded in 2017, Wintermute provides liquidity on more than 500 spot trading pairs, on dYdX perpetual swaps and a […]

5 things to know before the stock market opens Wednesday

1. Wall Street set for steady open after sell-off U.S. stock futures were pointing to a steady open Wednesday, one day after Wall Street’s sell-off that saw the Dow Jones Industrial Average break its two-session winning streak with a nearly 400 point, or 1.5%, decline. The S&P 500 and Nasdaq saw their five-session winning streaks end with roughly 1% declines. The Nasdaq’s slip followed Monday’s […]

Here’s what the rest of the year may hold for the stock market, according to the analysts who got the pandemic call right

There’s a lot of uncertainty in financial markets right now — and a lot of vacillating, which can sometimes feel like the same thing. Many analysts believe markets will bounce back and forth for some time, driven by headlines, not fundamentals, until some big issues — the U.S. presidential election, a COVID-19 treatment, just to name […]

Under-the-radar trend suggests market’s hot streak is just beginning

A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to […]

The world’s most accurate economist says a full US recovery is unlikely before 2022 — and warns of a stock-market correction before year-end

The US economy has a long road of recovery ahead from the shock of the coronavirus pandemic, and that could weigh on the stock market’s epic rally, according to Christophe Barraud, chief economist of the broker-dealer Market Securities. The pandemic slammed the US economy, putting millions of Americans out of work and leading to a […]

Shanghai soars nearly 6%, leading gains in Asia as ‘bull sentiment’ drives markets

Stocks in Asia Pacific were higher during Monday’s trading session, with shares in mainland China leading regional gains. The Shanghai composite soared 5.71% to close at around 3,332.88 while the Shenzhen component rose 4.089% to finish its trading day at about 12,941.72. The CSI 300, which tracks the largest stocks listed on the mainland, also surged 5.67% to close […]