The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget revenues from it to discourage Russia from continuing the war in Ukraine. Theoretically. The situation is not dissimilar to wanting to eat your cake and have it, […]
Stock Markets Over the last five days of trading, stocks plunged sharply on further news of rising inflation rates. The Dow Jones Industrial Average (DJIA) dropped 1,506.91 points (4.58%) during the week, a full 880.00 points (2.73%) on Friday alone. The S&P 500 Index lost 207.68 points (5.05%) while the Nasdaq Composite Index pulled back […]
Tesla just filed its annual proxy statement with the SEC and revealed it plans a three-for-one stock split, and that board member Larry Ellison does not plan to stand for re-election. Shares of Tesla were up by more than 1% after-hours having closed at $696.69 on Friday. In the filing, the company wrote of the […]
Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday. The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called […]
Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981. The hotter-than-expected CPI print resulted in a collapse of the $30,000 support and Bitcoin (BTC) price sold off to a daily low of $28,852 before dip […]
Erik Finman, who became a bitcoin millionaire by the time he was 18, is spending up to $20 million on Republican candidates running for Congress in the 2022 midterm elections. Finman, 23, said he wants to donate $10 million toward GOP candidates and political action committees, including Saving Arizona, a super PAC backing Trump-endorsed Arizona Republican Senate […]
The gold market may be stuck around $1,850 an ounce; however, retail investors don’t appear to be giving up on the precious metal just yet. According to Spectrum Markets, a European-based securitized derivatives trading platform, bullish sentiment in the gold market reached a record high last month among retail investors. The platform calculated investor sentiment […]
Stock futures moved slightly higher on Thursday evening ahead of a highly anticipated inflation report. Futures tied to the Dow Jones Industrial Average added 43 points, or a little over 0.1%. Those for the S&P 500 and Nasdaq 100 gained about 0.1% each. Before the opening bell on Friday, investors will get a look at […]
Bitcoin (BTC) wicked through $30,000 during June 9 as the Wall Street open revealed an ongoing stocks correlation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees “relief” from US CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening to head lower as the S&P 500 likewise opened with modest losses. The pair had stayed in […]
Bitcoin (BTC) briefly broke above $32,000 on May 31, but the excitement lasted less than four hours after the resistance level proved to be tougher than expected. The $32,300 level represented a 20% increase from the May 12 swing low at $27,000 and it provided the necessary hope for bulls to buy some $34,000 and […]
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 0.7%. The small-cap Russell 2000 was the day’s biggest laggard, falling over 1.5% at session lows. All three […]
We are live on Wednesday at Piper Sandler’s Global Exchange Conference, where the heads of major exchanges, trading desks, fintech and crypto firms will be gathered (both physically and remotely). Speakers include Interactive Brokers CEO Thomas Peterffy, Robinhood CEO Vlad Tenev, Virtu CEO Doug Cifu, Charles Schwab CEO Walt Bettinger, CME Chair Terry Duffy, Intercontinental Exchange Chair Jeffrey Sprecher, and Nasdaq CEO Adena Friedman. […]
