Stock Markets Despite the holiday-shortened trading week that passed, volatility reached a two-year high due to Russia’s invasion of Ukraine towards the week’s end, followed by Western countries imposing sanctions on the aggressor. Heightened geopolitical risk combined with the continuing inflationary pressures and increasing restriction in central bank policy weighed on equities. Stocks descended further […]
Donations being funneled to the Ukrainian army in cryptocurrencies like bitcoin are in the millions of dollars, according to new data from blockchain analytics firm Elliptic. Research shows that $4.1 million in crypto has been raised by nongovernmental organizations and volunteer groups in Ukraine since the invasion began, including a single $3 million donation early Friday. On Thursday alone, one […]
Cryptocurrencies rose on Friday following a steep sell-off a day earlier that saw around $150 billion wiped off the market after Russia invaded Ukraine. Bitcoin last rose 1.6% to $39,065.00, according to Coin Metrics. Earlier in the day the cryptocurrency had jumped as much as 11% over the previous 24 hours, after falling as low […]
In early 2022, there have been some notable signs that it is becoming more of a Berkshire Hathaway kind of stock market. All of the Covid outperformance from Ark Invest’s flagship Innovation ETF relative to Berkshire Hathaway was wiped out, and Warren Buffett’s company surpassed Meta in market value. Speaking of the recent run and […]
Before Russia invaded Ukraine, there had been quite a bit of research circulating that concluded the impact of such an event to the U.S. stock market would be limited. LPL Financial’s Ryan Detrick looked back at 37 major historical and geopolitical risk events. Generally speaking, the hit to the S&P 500 tends to be relatively […]
Stock futures fell early on Friday following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. Futures on the Dow Jones Industrial Average dipped 157 points. S&P 500 futures fell 0.64% and Nasdaq 100 futures traded 0.87% lower. The market was initially spooked by Moscow’s […]
Ukraine’s central bank is cracking down on digital money transfers in one of the latest measures implemented in connection with a nationwide declaration of martial law. The National Bank of Ukraine ordered electronic money (e-money) issuers to suspend the issuance of e-money and the replenishment of electronic wallets with e-money. The written order also indicated […]
Russia’s central bank said Thursday that it ordered brokers to stop allowing traders to, place bets against Russian shares, a practice known as short-selling. Short sellers borrow stocks they believe are overvalued and immediately sell them, hoping to repurchase the shares for a lower price when they need to be returned and to pocket the […]
The Biden administration pledged to impose harsh economic sanctions on Russia over its invasion of Ukraine, which began in earnest on Thursday morning. But billionaire oligarchs close to Russian President Vladimir Putin could potentially blunt the effects of the sanctions thanks to cryptocurrency, according to experts. The decentralized nature of digital currencies like bitcoin and […]
The Federal Reserve is expected to start raising interest rates next month and not slow down until well into 2023, though the slope of the increases might be a bit gentler. Events over the past week, including statements from multiple Fed officials and, to a lesser extent, geopolitical turmoil, have convinced markets that the first […]
U.S. stock futures were little changed Wednesday evening after the Dow Jones Industrial Average closed at its lowest level of the year amid escalating tensions between Russia and Ukraine. Dow futures rose 0.08%, while futures tied to the S&P 500 were unchanged and Nasdaq 100 futures added 0.01%. In the regular trading session, the Dow […]
Colorado will become the first state to accept cryptocurrency as payment for state taxes and fees, Governor Jared Polis announced Wednesday. Polis said the state, which was also the earliest to use blockchain technology for government infrastructure, will take the digital coin payments and deposit the equivalent value in dollars into the state’s treasury. “In […]
