Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.
0903 ET - Treasury yields rise, hovering near multi-year highs, amid expectations the Fed may raise interest rates Wednesday. The conflict in the Middle East pushes oil prices up by nearly 5%, stoking inflation fears. The WSJ Dollar Index rises 0.5%, as the greenback strengthens 0.9% against the yen…
By Mackenzie TatananniWhile headlines on artificial intelligence led the stock market on Monday, Bitcoin-linked stocks made news of their own.Shares of Mara Holdings tumbled after J.P. Morgan double-downgraded the crypto miner and aspiring data center operator to Underweight from Overweight.Analyst …
(13:50 GMT) *After August Rally, Bitcoin Faces Resistance - Analysts (13:50 GMT) *Bitcoin, Crypto Seen Rallying on Better-than-Expected Clarity Act Vote (13:50 GMT) *Bitcoin Gains Dependent on Weakening Dollar, Institutional Uptake, Analysts Say (13:56 GMT) Has the Bitcoin Rally Fizzled Out?By Joe S…
By Joe StonorThe Nasdaq fell and the 10-year Treasury yield topped 5% amid a global selloff in artificial intelligence stocks following calls from industry leaders for a uniform slowdown in AI development.Equity markets reacted with concern to a weekend essay by Dario Amodei, in which the Anthropic …
Major cryptocurrencies have maintained their higher levels through the day, even after the firm CPI report sent odds for a quarter-point rate hike this month up to 87%. But macro markets appear to have largely priced this expectation in, says Jonas Goltermann of Capital Economics in a note. "It woul…
Bitcoin slips in early Asian trade. Cryptocurrencies prices are continuing to trade within a narrow range, as traders await fresh signals on the market's direction, FxPro chief market analyst Alex Kuptsikevich says in a note. Traders are eyeing U.S. CPI data due later Friday, which would offer furth…
0254 GMT - The 10-year Treasury yield hitting 5% looks more like an inevitability than a forecast, says ING's Padhraic Garvey. Higher real yields remain the biggest driver amid fiscal and wider issuance concerns, but oil prices and inflation expectations factor too. Treasury Secretary Bessent is kee…
1136 ET - Second-round effects from high energy prices in the U.K. are unlikely to emerge, largely because labor-market conditions are much looser than they were in 2022's inflationary episode, Oxford Economics' Andrew Goodwin says in a note. The Bank of England will therefore hold its key interest …
Bitcoin briefly dipped but rebounded, after the Treasury said it would buy up to $6 billion of longer-term debt at its Thursday buyback operation. The announcement sent bond yields higher with the 2-year yield now at 4.85%. Markets initially responded by moving money out of riskier assets such as cr…
A memecoin launched by Hunter Biden, called Hunter Biden's Laptop ($LAPTOP) initially jumped 200% in the first few minutes of its debut. It has since shed 98% of its value, and currently trades at $1.81 with a fully-diluted market cap around $1.76B, according to data from Coinbase via its Base app, …
By Elias SchisgallBlock wants to build a bank.The financial technology company on Tuesday said it submitted an application to federal regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.The proposed bank charter "would establish a federal supervi…
Bitcoin declines, reversing last week's rise when it hit an over three-month high of $82,164, as investors become cautious. Uncertainty around the U.S. Federal Reserve rate decision on Sept. 16 is causing traders to take precaution, IG's Chris Beauchamp says in a note. Markets price in a 57% chance …