U.S. stocks fell after the Consumer Price Index jumped 7.9%, cementing inflation concerns as the Russia-Ukraine conflict raged on. The Dow Jones Industrial Average fell over 112 points or 0.3%, while the S&P 500 and Nasdaq Composite dipped by 0.4% and 0.9%, respectively. All three major averages closed above the worst levels of the day. […]
There’s was no rest for weary crypto traders on March 10 as a blistering 7.9% CPI print emerged as the headline of the day, putting pressure on global financial markets and erasing the previous day‘s gains in Bitcoin (BTC) as the price fell back below $40,000. Data from Cointelegraph Markets Pro and TradingView shows that […]
Cryptocurrencies, such as bitcoin and other digital assets like non-fungible tokens, pose “significant risks and challenges” to 401(k) investors, including fraud, theft and financial loss, the U.S. Department of Labor said Thursday. The labor agency warned that employers that add crypto investments to their company 401(k) plans may easily run afoul of their legal obligations […]
Stock futures were little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped about 20 points. S&P 500 futures were near flat and Nasdaq 100 futures were marginally higher. Amazon shares jumped more than 6% in extended trading after the […]
Stocks posted sharp gains on Wednesday as recently surging commodity prices, especially oil, cooled off while the war in Ukraine continues. The Dow Jones Industrial Average rose 653.61 points to 33,286.25, helped by gains in Salesforce, Nike and JPMorgan. The S&P 500 climbed 2.6% to 4,277.88, for its best day since June 2020. The technology-focused […]
Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the U.S. ban of Russian oil imports and Russia announced a new ceasefire in Ukraine on Wednesday to let civilians flee. A view that the U.S. ban of Russian oil imports may not worsen shortages kept a lid on prices, traders […]
As conflict between Russia and Ukraine continues to send shock waves through the markets, many investors may be questioning what, if anything, they should do next. The most common advice is to stay the course. That can be difficult on days like Tuesday, when fresh losses prompted both the Dow Jones Industrial Average and the […]
LONDON — European markets closed lower Tuesday as investors continued to monitor the war in Ukraine and Western responses. The pan-European Stoxx 600 finished down by 0.36% after fluctuating for much of the day. Banks jumped 2% while media stocks fell 3.6%. In terms of individual share price movement, office rental firm IWG also jumped […]
Stock futures were higher early Wednesday morning as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine continues. Futures tied to the Dow Jones Industrial Average rose 353 points, or about 1.1%. S&P 500 futures climbed and Nasdaq 100 futures also each gained 1.1%. The major averages […]
Bitcoin (BTC) rallied early on Wednesday, pushing the broader crypto market higher after U.S. Treasury Secretary Janet Yellen’s inadvertently published remarks revealed that President Joe Biden’s impending crypto order would take a constructive approach in regulating the digital asset industry. “A presidential executive order on cryptocurrencies would ‘support responsible innovation’ as it coordinates U.S. policy […]
As commodities prices spike and stocks swoon as a result of Russia waging war against Ukraine, the monetary system could be changed in profound ways, some analysts say. At some point in the future, digital tokens may revert to the inflation hedge and safe-haven from fiat turmoil, as envisioned when they were first created. Traditional […]
Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy and raise inflation. The Dow Jones Industrial Average lost 797.42 points to close at 32,817.38, dragged down by a nearly 8% loss in American Express. The S&P […]
