Nasdaq, the exchange for trading financial assets and stocks, made a request to U.S. regulators to allow it to trade options linked to the spot Ethereum ETFs that recently entered the market. Ethereum ETF options trading The request came in a form filed on [specific date] with the Securities and Exchange Commission (SEC), in which […]
Dollar rises, yen falls after Bank of Japan rules out another rate hike
The U.S. dollar rose on Wednesday, while Japan’s yen sank after the Bank of Japan tried to calm the turbulent waters by signaling that it will not raise rates further if markets remain highly volatile. Dollar recovers ground after sharp losses The dollar gained some ground on Wednesday, helped in part by the yen’s weakness […]
U.S. Stock Markets Rise, with Strong Earnings Supporting Sentiment Shift
U.S. stock markets rose on Tuesday, showing signs of recovery from Monday’s decline, despite continuing concerns about an economic slowdown. Recession Fears Lead to Heavy Losses Concerns about a significant slowdown in economic growth, following a string of poor data related to the purchasing managers’ index and the labor market, caused the DJIA, S&P 500, […]
Dollar Rebounds After Sharp Losses, Euro and Pound Lose Ground
The U.S. dollar gained ground on Tuesday, reversing some of its recent losses as some calm returned to currency markets. Dollar Recovers After Heavy Losses In recent weeks, the dollar has been significantly affected by fears of a possible U.S. recession after a series of weak labor market data, which has triggered bets that the […]
Dollar Falls on Recession Fears; Yen and Swiss Franc Gain
The U.S. dollar fell sharply on concerns about U.S. economic growth, while the Swiss franc and Japanese yen saw strong safe-haven demand. Dollar Loses Ground on Recession Fears The dollar’s sell-off came after data released on Friday showed a significant cooling in U.S. job creation in July, and U.S. Treasury yields fell as traders began […]
Market Highlights for the Week: Economy, Markets, Oil
Concerns about the economy continue, especially over fears that the Federal Reserve has kept interest rates high for too long, hurting growth. More high-profile earnings reports are expected, and oil prices look set to remain volatile due to a combination of recession fears and geopolitical risks. Here’s a look at what will happen in the markets this week. U.S. Data […]
Trump Plans to Use Cryptocurrencies to Pay Off U.S. Debt and Lead the Sector
Former President Donald Trump recently hinted at the potential usefulness of cryptocurrencies to pay down the $35 trillion U.S. national debt. In an interview on Fox Business and at the Bitcoin2024 Conference, Trump argued that the cryptocurrency sector could play a role in the national financial strategy, although he did not provide specifics on how […]
U.S. Stock Markets Plunge on Economic Worries and Tech Slump
U.S. stock indexes fell sharply on Monday during the European session amid growing concerns about an economic slowdown, with technology stocks being hit the hardest. Fear of economic slowdown hits Wall Street The sharp losses in Wall Street futures came after U.S. stock markets had been rattled the previous week on fears of a possible […]
Senator Lummis Introduces Bill to Establish a Bitcoin Reserve in the U.S.
The bill, abbreviated as the “BITCOIN Act of 2024,” calls for the U.S. Treasury to purchase bitcoins over a 5-year period until a pool of 1,000,000 BTC is achieved. The plan to incorporate Bitcoin (BTC) into the U.S. national reserves is beginning to take shape. U.S. Senator Cynthia Lummis has advanced the first draft of a bill that […]
U.S. Stock Markets Soar Boosted by Federal Reserve Decision, Microsoft Fails to Deliver
U.S. stocks rose Wednesday on optimism that the Federal Reserve will lead the way to a rate cut in September, overshadowing disappointing results from Microsoft. Here’s what’s happening today in the stock market. Optimism about the Fed All eyes are on the Federal Reserve on Wednesday as the U.S. central bank wraps up its latest […]