Global shares and Wall Street indexes rose on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month. The dollar hit a two-week high, and gold prices rose. Oil prices finished up more than $1 after the European Union agreed to another round of sanctions threatening Russian oil.
U.S. bankers struck a cautious tone on cryptocurrencies at the Reuters NEXT conference in New York this week, despite expectations that friendlier rules under President-elect Donald Trump will pave the way for lenders to expand into digital assets. Trump courted crypto campaign dollars with promises to be a "crypto president" and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said. "The regulatory framework has to evolve ... and everyone's speculating as to how that regulatory framework will evolve, but it's still unclear," said Goldman Sachs Chief Executive David Solomon.
(Bloomberg) -- US government bonds fell on Wednesday, failing to hold gains sparked by inflation data that were viewed as allowing the Federal Reserve to cut interest rates next week but leaving the longer-term outlook murky.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe selloff booste
(Bloomberg) -- Swings in the $29 trillion Treasury market have gotten smaller in reaction to fresh US inflation data, taking a back seat to labor market prints where volatility has accelerated.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamTwo-year Treasury yields increased by about 1 basi
A previous proposal looked at increasing the capital gains tax on crypto from 26% to 42%.
Bitcoin (CRYPTO: BTC) is once again trading above $100,000, which is a critical psychological level for traders. As of 3 p.m. ET, in the past 24 hours alone, Bitcoin is up 5.3%, Ethereum (CRYPTO: ETH) has jumped 5.2%, and Dogecoin (CRYPTO: DOGE) is up 7.9%. The Bureau of Labor Statistics announced this morning the closely watched Consumer Price Index (CPI) was up 2.7% from a year ago, 0.1% higher than in October, but in line with estimates.
(Bloomberg) -- Michael Saylor’s MicroStrategy Inc. checks all the boxes for inclusion in the Nasdaq 100 Index, a development that would trigger purchases of the shares by the $451 billion worth of exchange-traded funds around the world that directly track the benchmark.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chi
(Bloomberg) -- Oil rose on the possibility of tighter sanctions on Russian crude, and algorithmic buying activity extended gains after US inventory data kept prices above a key technical floor. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWest Texas Intermediate climbed 2.5% to settle ab
By Daniella Parra Japanese cryptocurrency exchange Coincheck Group began trading on Nasdaq under the ticker “CNCK” following a merger with a SPAC called Thunder Bridge Capital Partners IV, Inc. Coincheck […]
The price of Bitcoin (CRYPTO: BTC) has soared in 2024 thanks to several catalysts including Bitcoin ETFs, more companies acquiring the cryptocurrency and expectations for a more pro-crypto White House administration with Donald Trump winning the 2024 ...
