Crypto
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This Bud’s for investors. Buy the stock even if Bud Light sales never recover, says analyst.
The summer haze settling over stocks doesn’t look ready to budge Thursday, with the S&P 500 index SPX in the throes of its longest losing streak since May. On the bright side, the index is looking at a 6% gain for the June quarter, whose end is just a few days away. In other corners…
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Student-loan payments are coming back — and these are the stocks most at risk
Great market expectations for the Tuesday after a long holiday weekend in summer are destined for disappointment. Apart from the hazy, lazy effect, China rate moves that fell short of hopes aren’t helping the mood, as investors wait for Fed Chairman Jerome Powell to appear on Capitol Hill later this week. The latest bearish remarks…
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Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges
Binance.US and the Securities and Exchange Commission have reached an agreement that avoids a total asset freeze at the cryptocurrency exchange while the SEC’s lawsuit against it proceeds. Under the deal announced Saturday, Binance Holdings, BAM Management US, BAM Trading Services and founder Changpeng “CZ” Zhao will repatriate Binance.US customer assets to the U.S. Binance.US…
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How U.S. financial markets have performed in the past 15 months as Fed rate hikes fueled wild swings
[]It’s been a roller-coaster ride for U.S. financial markets the past 15 months, after the Federal Reserve started its most aggressive monetary tightening campaign in four decades to tame inflation. []After 10 consecutive interest-rate hikes which took the benchmark fed-funds rate from near zero to a range of 5% to 5.25%, the Federal Reserve this…
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What are unregistered securities? Are all cryptos, like bitcoin and ether, unregistered securities?
Are cryptocurrencies considered unregistered securities? Are some cryptos treated differently from others? What is an unregistered security, anyway? These are questions swirling around in the crypto world — and even confounding some legal experts. Robinhood HOOD announced last week that it is removing three crypto tokens — Cardano, Polygon and Solana — from its platform.…
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Here’s one way women can feel more empowered when thinking about their finances
Sometimes it seems as if the deck is stacked against you. For women, high inflation and soaring housing costs in many parts of the U.S. can be compounded by a perception that they are unable to work toward financial independence. Alessandra Malito shares the results of a survey that found that women shy away from,…
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U.S. stocks open higher as S&P 500 attempts exit from bear market
U.S. stocks opened higher Wednesday, attempting to extend Tuesday’s rally and push the S&P 500 index to a fresh high, after closing at the highest level since last August, with investors weighing the economic outlook, after data shows U.S. trade deficit widened sharply in April. How are stock-index futures trading? The Dow Jones Industrial Average…
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Here’s the red flag that says a tech stock selloff could arrive soon, according to Citi
A commonly heard battle cry throughout history has been “hold the line,” which is exactly what the S&P 500 SPX, +0.24% didn’t do following Friday’s monstrous rally, putting a bull market just out of reach again. And stocks are off to a softer start on Tuesday, led by tech. Maybe those bearish Wall Street voices…
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Unsuspecting Americans hold ‘billions’ in uninsured accounts, federal agency warns. Here’s what you can do about it.
How much money do you have sitting around in a payment app? The Consumer Financial Protection Bureau issued a warning Thursday that “billions of dollars” stored in these accounts may not be safe in the event of financial distress. Use of non-bank payment apps such as PayPal PYPL, +1.44%, Venmo, and Cash App have rapidly…
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Coinbase CEO: Crypto’s future is a matter of national security.
The cryptocurrency market has had some recent turbulence. That might make it tempting for policy makers to write it off as an unstable asset class. But they’d be missing the bigger picture. Failing to see that crypto is about much more than individual transactions risks America’s time-honored role as the global financial leader and an…