PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
Tag: Markets
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury Bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
Cash isn’t just the dollar bills you put in your pocket — in this market, it might seem to be a patch of steady ground. There are multiple options: People can put their money in high-yield savings acc...
Natural Gas Could Go From Widowmaker to Moneymaker: Here’s How to Play It
I can’t think of a more difficult speculative market than natural gas. However, it is a popular venue for traders because with big risks come significant opportunities. After peaking in 2022 nea...
Stocks moving big midday: LYFT, SPOT, EXPE, YELP
Ramin Talaie | Corbis News | Getty Images Check out the companies making headlines in midday trading. Lyft — The ridesharing stock cratered 36% after issuing disappointing guidance for its first quart...
Air Force’s aging AWACS stirs questions of airborne-battle readiness
As the recent Chinese spy balloon encounter showed, keeping the skies safe is a tough job. For decades the U.S. Air Force has relied on the E-3 Sentry, and the most recent version, the E-3G, has been ...
$70B Gone From Crypto Markets as SEC Cracks Down on CEXs: Market Watch
Bitcoin slumped by over $1,000 in the past 24 hours to a three-week low below $22,000 as the SEC officially went after crypto staking. Most altcoins are bleeding out just as badly, with ADA, DOGE, OKB...
Bitcoin, crypto prices slip; Coinbase extends losses as regulatory fears spook market
Cryptocurrency prices nosedived overnight on the back of increased regulatory scrutiny. Coinbase and Silvergate extended losses in the early session. Bitcoin was trading at $21,770, down 4.2% o...
Lyft, Expedia, Yelp and more
The Lyft Driver Hub is seen in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making the biggest moves in premarket trading: Lyft — The ride-sharing company cratered 31.5% a...
Bitcoin has hit bottom — at least that’s what Pantera Capital and Osprey Funds chiefs say
Crypto chiefs say bitcoin prices have hit bottom and are consolidating. Bitcoin was trading around $21,760 at 7 a.m. EST, down about 4% over the past 24 hours, according to TradingView data. Th...
Chinese IPOs are coming back to the U.S.
A handful of Chinese companies are starting to list again in the U.S. Eduardo MunozAlvarez | Corbis News | Getty Images BEIJING — Chinese startups are raising millions of dollars in U.S. stock market ...
U.K.’s FTSE 100 scaling fresh highs despite cost of living crisis
The sun rises over the city on Feb. 6, 2023 in London, United Kingdom. Leon Neal | Getty Images News | Getty Images LONDON — The U.K. is facing the weakest growth prospects in the G-7 and a catalogue ...
Asia Stocks, US Bonds Fall as Rates Outlook Sours: Markets Wrap
(Bloomberg) — Stocks in Asia fell after US equities dropped for a second day and Treasuries slid as investors began to adjust for the prospect of higher interest rates as the Federal Reserve bat...
SEC’s targeting of Kraken staking program sends shockwaves through industry
The Securities and Exchange Commission’s move to charge crypto exchange Kraken with failing to register the offer and sale of its “crypto asset staking-as-a-service program” signals an aggressive new ...
Disney has more upside thanks to Bob Iger’s turnaround plan
CNBC’s Jim Cramer on Thursday said that he’s bullish on Disney after the company announced a robust restructuring and cost-cutting plan. “Disney finally feels like it’s back o...
EMCOR Group is my kind of stock
Okta Inc: “[CEO Todd McKinnon has] got to pivot first. We mean pivot, going from loss and high growth to a little less growth and profit.” EMCOR Group Inc: “That’s my kind of s...
Jim Cramer says price stability is right around the corner
CNBC’s Jim Cramer on Thursday said the Federal Reserve is closer to winning its battle against inflation than Wall Street might believe. “Price stability … is right around the corner,̶...
Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.
Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...
Battered SOL Stages New-Year’s Comeback As Markets Advance ⋆ ZyCrypto
Advertisement     Solana’s native token SOL climbed 12% on Jan. 2, 2023, to an intraday high, becoming one of the best-performing tokens in the new year, according to ...
Stocks moving big after hours: LYFT, EXPE, PYPL, YELP
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and ...
Newsom unveils bill to protect California’s Joshua tree
A Joshua tree found along Highway 178 (Isabella Walker Pass Road near Highway 14) is viewed on November 14, 2022, near Inyokern, California. George Rose | Getty Images California Gov. Gavin Newsom thi...
Bitcoin Fixes the Asymmetry of Information Problem in Markets
Information symmetry also matters a lot for market structure. Take lending, for example. In traditional finance, borrowers have a more detailed idea of what they plan to do with the solicited funds, a...
Disney proxy fight is over, Nelson Peltz says
Nelson Peltz declared his proxy fight with Disney was over Thursday after the entertainment giant unveiled a vast restructuring plan, cost cuts and 7,000 layoffs. “Now Disney plans to do everyth...
Su Zhu unveils new OPNX exchange for trading trapped crypto funds
Su Zhu, a co-founder of the collapsed crypto hedge fund Three Arrows Capital, said Thursday that a waitlist is now open at a new marketplace called OPNX for trading claims and derivatives related to f...
PepsiCo Beats Earnings Estimates and Hikes Dividend. The Stock Is Rising.
PepsiCo beat earnings and revenue estimates in the fourth quarter, driven by higher prices. It increased its annual dividend, sending the stock higher in premarket trading Thursday. The beverages and ...
Senate holds first hearing on the suspected Chinese spy balloon
(The stream is slated to start at 10:15 a.m. ET. Please refresh the page if you do not see a video above at that time.) The Senate on Thursday is holding its first hearing on the Chinese spy balloon t...
Coinbase drops 8% as CEO Armstrong calls out SEC; Silvergate sinks 5%
Crypto-related stocks sold off at the open, with Coinbase and Silvergate leading the drop. Coinbase shares fell over 8% to $63 by 11:15 a.m. EST, according to Nasdaq data. Last night Coinbase CE...
Airlines, rocket launches compete for airspace as FAA manages demand
The SpaceX launch pad is seen from the window of Air Force One at Kennedy Space Center, Wednesday, May 27, 2020, in Cape Canaveral, Fla. Evan Vucci | AP WASHINGTON — Space companies are launching more...
Micron Suspends Executive Bonuses. The Stock Was Upgraded, Too.
Micron Technology has suspended bonuses for executives, and the stock earned an upgrade, though the two don’t appear to be connected. Micron (ticker: MU) said late Thursday a board committee had appro...