NEW YORK, March 3 (Reuters) – Kraken, one of the world’s largest cryptocurrency exchanges, said on Monday the U.S. Securities and Exchange Commission agreed in principle to dismiss a civil lawsuit accusing it of operating illegally as an unregistered securities exchange. In a statement on its blog, Kraken called the dismissal a turning point for […]
SYDNEY, March 3 (Reuters) – Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies. U.S. President Donald Trump on social media announced five digital assets he expected to include in a new reserve, […]
Since they began just over a month ago, the twists and turns of the federal employee firings have been hard to keep straight. Guided by billionaire Elon Musk and his Department Of Government Efficiency aides, President Donald Trump has spent his first five weeks focused on dismantling the federal government, including shutting down the United […]
The S&P 500 (^GSPC 1.59%) has surged by nearly 67% since it began its bull market in October 2022, as of this writing, bolstered by strong consumer spending and consistent corporate earnings growth. But some investors are worried about a shift in the market. Inflation unexpectedly rose earlier this year, and bearish sentiment among investors […]
US stocks seesawed Friday, but all three major indexes closed the month in the red — a sign of increasing unease in markets. Volatility gripped markets as traders closed out a dismal February that wiped out some gains. “Extreme fear” was the sentiment driving markets on Friday and for the fourth day in a row, […]
A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades. The original cryptocurrency tumbled as much as 7.2% to $78,226 at one point Friday, […]
Stocks managed to rise Friday to wrap up a volatile week and a losing month for the major averages. Friday’s trading session saw a brief pullback after President Donald Trump and Ukraine President Volodymyr Zelenskyy clashed in the Oval Office, which raised concerns about heightened geopolitical risks. The S&P 500 added 1.59% on Friday to close at 5,954.50. The Dow Jones Industrial Average rose […]
Stock futures are little changed early Friday as investors looked to the end of a losing week and month and awaited key inflation data. Dow Jones Industrial Average futures lost 18 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures rose 0.04% and 0.07% respectively. Those moves come as investors ready for the final trading day of […]
U.S. stocks lost their grip on earlier gains to end sharply lower Thursday, with the Nasdaq Composite posting its worst day in about a month and the S&P 500 turning negative for the year. The market’s jitters came ahead of a closely followed inflation update on Friday, and as concerns have risen over President Trump’s threats […]
U.S. stock indexes drifted to a mixed finish Wednesday after climbing in the morning but then running out of steam. The Standard & Poor’s 500 finished an iota higher, less than 0.1%, after surrendering virtually all of its early gain of 0.9%. But that was just enough to break a four-day losing streak that had […]
Gold prices eased on Wednesday after a recent record rally, while investors looked towards inflation data due later this week and the latest developments on U.S. President Donald Trump’s tariff plans. Spot gold fell 0.1% to $2,912.51 an ounce as of 01:49 p.m. ET (1849 GMT). Bullion, a preferred hedge against uncertainty and inflation, hit […]
US stocks closed mixed on Tuesday as President Donald Trump’s revived tariff threats and potential toughening of China curbs weighed on market optimism while new data signaled fears over future economic growth. Consumer confidence plummeted in February, notching its biggest monthly decline in nearly four years as 12-month inflation expectations jumped and recession fears escalated. […]
