Oil fell for a second day as Saudi Arabia was reported to be weighing increasing output, and factions in Libya reached a deal that opens the way to the return of some crude production. Brent dropped toward $73 a barrel and is down almost 4% since the close on Tuesday, while West Texas Intermendiate was […]
After the Federal Reserve kicked off its rate-cutting-cycle sending the market (^DJI,^GSPC, ^IXIC) higher, Kate Moore, BlackRock’s global allocation fund head of thematic strategy joins Josh Lipton and Julie Hyman to discuss what Wall Street needs to see for stocks to continue to climb. Moore tells Yahoo Finance that there are three things that the […]
Bitcoin has achieved significant success since its inception, but some within the community remain concerned about its future. On Sept. 14, a Redditor on the Bitcoin subreddit appealed to the community with a question on the most legitimate concerns about the future of BTC. The response,”‘I don’t have enough money to buy more,” received the most upvotes, […]
In the past six months, the Bitcoin network has seen a significant drop in capital inflows, with the Bitcoin price stuck in a “lengthy consolidation phase,” according to Glassnode. This extended period of consolidation, which has persisted since after the 2024 Bitcoin halving, has seen the short-term holder (STH) cohort, those who have held BTC for […]
Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the allocation of these tokens, with many stating that their efforts were not rewarded accordingly. Hamster […]
Traditionally, big Fed interest rate cuts and equity prices hovering near all-time highs are ominous signs for the stock market. Large rate cuts – such as those Fed officials approved and forecast last week – typically reflect an economy the Federal Reserve is trying to dig out of recession. And record-high stock values often mean […]
One of the exciting developments from last week was the U.S. Securities and Exchange Commission’s (SEC) nod for approval and listing of physically settled options tied to BlackRock’s spot bitcoin (BTC) ETF, the iShares Bitcoin Trust (IBIT). There is consensus that the IBIT options, which still needs to be greenlighted by the Options Clearing Corporation (OCC) and […]
U.S. stocks closed modestly higher on Monday as investors assessed whether a trend will develop in the week following the Federal Reserve’s rate cut. The gains came amid comments from Fed policymakers and steady factory activity data, building on last week’s sharp market rally after the central bank’s decision to lower interest rates. The Fed’s pivotal move last […]
The northern hemisphere summer has not yet officially finished, but United States natural gas markets are already sizing up supply and demand balances for this winter and the next year, and indicate that sharply higher prices may emerge. Forward markets for Henry Hub futures, the benchmark U.S. natural gas price, indicate that prices will average […]
US stocks closed mixed on Friday as rate-cut euphoria faded, but the Dow Jones Industrial Average (^DJI) managed to stay above the 42,000 level again to eke out another record close. The S&P 500 (^GSPC) fell 0.2% after the benchmark index ended at an all-time high on Thursday. The tech-heavy Nasdaq Composite (^IXIC) closed down […]
The United States Securities and Exchange Commission (SEC) gave Nasdaq the go-ahead to list and trade shares of options for BlackRock’s spot Bitcoin exchange-traded fund, or ETF. In a Sept. 20 notice, the SEC approved options trading for the iShares Bitcoin Trust under the ticker symbol IBIT on Nasdaq. According to Nasdaq, the exchange will allow […]
The U.S. Securities and Exchange Commission has approved listing and trading of options for asset manager BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq. Options trading for BlackRock’s fund iShares Bitcoin Trust has been approved with ticker symbol “IBIT”, the regulator said in a notice on Friday. The index options – listed derivatives offering a […]
