If Bitcoin is crypto’s answer to gold, Ethereum is the closest thing it has to its own internet. Anyone who wants to mint a new token, launch a crypto app, or spend $150,000 on a Bored Ape nonfungible...
Tag: currency markets
The Other Doomsday Scenario Looming Over Markets
By James Mackintosh Sept. 3, 2022 10:00 am ET Listen to article (2 minutes) Think inflation is the biggest threat to your investments? Perhaps not: One fund manager that successfully navigated the pas...
Bitcoin Has Stumbled. That’s Not a Good Sign for Stocks.
Text size Bitcoin’s drop isn’t much of a surprise. Interest rates have risen in the past few weeks as markets worry that the Federal Reserve would keep lifting rates to combat high inflation. Risk ass...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
The Fed isn’t pivoting. Why were stock investors the last to know?
After Friday’s brutal session for stocks, it appears equities were the last asset class to accept the notion that the Federal Reserve likely won’t be pivoting to a less aggressive monetary policy stan...
Disappointing U.S. data has traders considering possibility of a half-point Fed rate hike in September
In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted back toward fears of an unexpectedly sharp economic slowdown and away from persistently high inflation over the bulk of the trad...
The Euro Hit Parity With the Dollar Again. This Time, the Weakness Might Last.
Text size The euro is at parity with the dollar. Photo by INA FASSBENDER/AFP via Getty Images The euro fell enough to achieve parity with the dollar again. Don’t be surprised to see more weakness in t...
‘There’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology’: SEC chief Gary Gensler
“‘We can dispense with the idea that crypto lending isn’t subject to regulation. On the contrary, the rules have been around for decades. The platforms aren’t following them.’” — Gary Gensler, Securit...
Why Did Bitcoin Fall? Is It Because Stocks Slumped Too?
Text size How strong is the link between stocks and Bitcoin? AFP via Getty Images Bitcoin sank Friday and stocks did too. The world’s largest crypto posted losses for the week, as did equities. Could ...
Warren Buffett Loves T-Bills. You Should Consider Them.
Warren Buffett, chairman and CEO of Berkshire Hathaway, has $75 billion in Treasury bills. Saul Loeb/AFP via Getty Images Text size Warren Buffett parks most of Berkshire Hathaway’s cash in ultra-safe...
Ready to cash out some gains on this stock market run? An exit path is about to emerge, says this strategist
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s econ...
Public Pension Systems Join Those Stung by Crypto Crash
Listen to article (2 minutes) Among the investors who bet on cryptocurrency over the past year are pension funds that manage public workers’ retirement savings. Now those funds are navigating the cras...
Dollar Softens as CPI Data Changes Fed Rate-Hike Expectations
Updated Aug. 10, 2022 1:36 pm ET | WSJ Pro 13:24 ET – Weaker-than-expected CPI has changed the market’s view of the Fed’s rate-increase trajectory over the next year or so, Bruce Clark, senior m...
Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried i...
The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, poss...
Stock-market investors wrestle with ‘boomflation’ after hot July jobs report
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation wi...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
Crypto Prices Crashed, but True Believers Are Holding On
Crypto prices plunged this year, but Drew Larsen says that is no concern. Over the past two years, Mr. Larsen, 54, has poured about 10% of his savings into cryptocurrencies like bitcoin, Ethereum and ...
Is the crypto bear market over? Here’s what to watch.
Bitcoin and ether are on track to record their best month since last October, prompting some investors to ask if the crypto bear market is over. The No.1 cryptocurrency BTCUSD, -0.90% on Friday reache...
Opinion: Fidelity’s bitcoin move getting all the wrong publicity
What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of a long career. John...
20 bank stocks expected to benefit the most from rising interest rates as the Federal Reserve fights inflation
When companies report financial results, analysts tend to make comparisons to the year-earlier quarter. But there are times when sequential improvements can be telling. This is one of those times for ...