Markets

Retail trade helped the services sector expand in November.Daniel Leal/Getty Images The UK economy is now bigger than it was before the pandemic started, after strong growth in November. Gross domestic product, or GDP, grew 0.9% in November, up from 0.2% in October and above expectations. Yet the arrival of the Omicron variant is expected… Continue reading The UK economy saw a rapid 0.9% growth spurt in November, making it bigger now than before the pandemic

Tesla starts accepting Dogecoin for some merch.NurPhoto Tesla CEO Elon Musk announced last month the company will let people buy some merch with dogecoin. It has started accepting the meme coin for a few merch including the Cyberquad for Kids and the Cyberwhistle. Dogecoin’s price spiked on the news of the cryptocurrency’s acceptance at the… Continue reading Tesla starts accepting dogecoin for some merch, sending the meme coin surging

Brendan McDermid/Reuters US stocks slumped Thursday led by a drop in technology shares.  The Nasdaq Composite lost more than 2% as investors price in the Fed’s signals to move aggressively against hot inflation.  JPMorgan and Citigroup will kick off the fourth-quarter earnings season on Friday.  Sign up here for our daily newsletter, 10 Things Before… Continue reading Nasdaq slides 2.5%, leading US stocks lower and snapping 3-day win streak, as earnings season approaches

Jack Taylor/Getty Images FTX.US and Bitstamp USA are considering adding stock trading to their platforms. The FTX.US president tweeted the company has been “hard at work on stocks.” Robinhood stock slumped 6%, contribuing to their overall decline so far in the new year. Sign up here for our daily newsletter, 10 Things Before the Opening… Continue reading Robinhood drops on report crypto exchanges Bitstamp and Sam Bankman Fried’s FTX are working to add stock trading to their US platforms

AP Photo/Jenny Kane Visa is testing a platform in partnership with ConsenSys that aims to support central bank digital currencies. The new technology is designed provide an “on-ramp for CBDC to existing payment networks,” Visa said. Payment rival Mastercard already launched a similar CBDC testing platform with ConsenSys. Sign up here for our daily newsletter,… Continue reading Visa is testing a platform that will support central bank digital currencies in partnership with blockchain firm ConsenSys

It’s been a rocky year so far on Wall Street.John Moore/Getty Images US stock futures inched higher Thursday after data showed inflation soared to 7% in December. Bond yields also rose slightly as investors digested the hottest inflation reading since 1982. One strategist said he expects the key US bond yield to hit 2% but… Continue reading US stock futures edge higher along with bond yields, as 39-year-high inflation reading sinks in

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 28, 2021.Andrew Kelly/Reuters US stocks rose after an inflation gauge for December showed the fastest pace in four decades.  The CPI gained 7% year-over-year last month, in line with the median forecast. But it… Continue reading US stocks jump as investors shake off inflation data showing prices climbing at the quickest pace in 4 decades

A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California, October 28, 2013. REUTERS/Stephen LamREUTERS/Stephen Lam Simplify Asset Management has applied for an ETF focused on Web3. The fund would trade under the ticker “WIII,” a regulatory filing showed. The ETF would invest up… Continue reading The first Web3 ETF is in the works as investors clamor for exposure to the future of the internet