Markets

SEC Chair Gary Gensler said many crypto exchanges likely have securities available to trade and must disclose them to the regulator.  If they don’t disclose the securities, they are doing business “outside the law,” he told Yahoo Finance on Friday.  Gensler noted that many tokens in the past have been deemed securities. Loading Something is loading.… Continue reading Crypto platforms are doing business ‘outside the law’ if they don’t register with the SEC, says regulator’s chief Gary Gensler

US stocks fell on Thursday as talks between Russia and Ukraine resulted in no progress towards a ceasefire.Crude oil prices hit their highest level since 2008, but gains turned into losses after speculation of a deal with Iran.The surge in oil over the past year has been exacerbated by Russia’s invasion of Ukraine and adds… Continue reading US stocks drop as Russia-Ukraine talks end with no sign of a ceasefire

The US median listing price for a home soared to $392,000 in February. That’s a double-digit annual pace of 12.9%.  Americans are losing their purchasing power as income levels remain lackluster.  Loading Something is loading. Home prices just hit another all-time high — and that means even more Americans are losing purchasing power.  According to… Continue reading Can you afford a $392,000 home? That’s the new average price of homeownership in the US.

Ultra-rosy revenue projections of some companies that went public via SPAC are falling short. The SPAC IPO process allows private companies to go public quicker and cheaper than the traditional IPO route.Virgin Galactic missed its 2021 revenue projection of $210 million by 98%, generating just $3 million in revenue. Loading Something is loading. SPAC investors are… Continue reading Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%

Ukraine has received over 100,000 separate transactions of crypto donations. On February 26, Ukraine tweeted out a call for crypto donations, and has collected over $50 million.  The NGO Come Back Alive has also received several million dollars in crypto donations for Ukraine.  Loading Something is loading. Over 100,000 unique transactions have sent crypto donations… Continue reading From dogecoin to bitcoin to polkadot, over 100,000 separate crypto donations have been made to Ukraine in a week

Ukraine is reaching out to meme investors to support its defense against Russian forces. The country has raised more than $50 million worth of crypto and has even begun accepting dogecoin. “Now even meme can support our army and save lives from Russian invaders,” Ukraine’s vice prime minister said. Loading Something is loading. Ukraine is… Continue reading Meme investing goes to war against Putin as Ukraine capitalizes on dogecoin, Elon Musk, and NFTs to support its military

US stocks rallied after comments from Fed Chair Jerome Powell indicated flexibility on rate hikes amid Russia’s war on Ukraine.  That appeared to ease concerns that the central bank will tighten monetary policy aggressively as inflation remains high.  Oil prices surged to the highest levels since 2011, adding more inflationary pressure. Loading Something is loading.… Continue reading Dow surges nearly 600 points as Powell testimony eases rate-hike fears and investors watch Ukraine

Short interest in energy stocks is the highest since December 2020, S&P Global Market Intelligence said Wednesday.  Short interest in energy stocks reached 3.49% in mid-February.  Short sellers appeared to believe a rally in energy stocks was losing steam, said S&P Global.  Loading Something is loading. Investors have ramped up bets against energy company stocks,… Continue reading Bets against energy stocks are at the highest in more than a year as the Ukraine crisis drive oil prices over $100 per barrel, S&P Global says