Markets

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.Andrew Kelly/Reuters The Nasdaq 100 plunged more than 3% on Wednesday as investors fret over rising interest rates.Minutes from the Federal Reserve’s December meeting showed unanimous support for the start of interest rate hikes later… Continue reading Nasdaq falls more than 3% as stocks plunge after Fed minutes reveal chance of quicker rate hikes

Brandon Brown celebrates in Victory Lane after winning a NASCAR Xfinity Series auto race Oct. 2.AP Photo/John Amis NASCAR rejected LGBcoin’s sponsorship of driver Brandon Brown, the Washington Post reported. The coin is based on the anti-Biden phrase “let’s go Brandon,” which serves as a stand-in for a vulgar insult. Brown had announced the sponsorship… Continue reading NASCAR rejects crypto sponsorship from coin spawned from a chant against President Joe Biden: report

Getty Images Pioneer Natural Resources is betting crude oil prices will keep rising, Bloomberg reported. As a result, the top shale producer in the US ditched nearly all of its hedges for the year. The firm also disclosed buying back $250 million of its own shares in the last quarter of 2021. Sign up here… Continue reading Top US shale producer is so confident oil prices will keep rising that it just ditched nearly all hedges

Miami Mayor Francis Suarez at the Bitcoin 2021 Convention on June 4, 2021. Joe Raedle/Getty ImagesJoe Raedle/Getty Images Miami’s crypto-friendly mayor Francis Suarez wants US city leaders to sign a crypto compact. He wants to ensure “a generation of prosperity and innovation is not lost.” He said people are turning to crypto as a way… Continue reading Bitcoin-loving Miami mayor Francis Suarez asked US city leaders to sign crypto-boosting pledge when he took over national group

Jakub Porzycki/NurPhoto via Getty Images The UK’s advertising watchdog has banned two Crypto.com promos for misleading consumers. The regulator said these were “irresponsible and took advantage of consumers’ inexperience or credulity.” Crypto.com responded to each of the claims and noted that the ads had been “removed voluntarily” upon learning of the regulator’s concerns.  Sign up… Continue reading UK’s ad regulator bans 2 Crypto.com promos for being ‘misleading’ and ‘irresponsible’

Ray Dalio.Eoin Noonan/Web Summit via Getty Images Ray Dalio continues to warn that the US economy must contend with a shaky political foundation.”It is entirely possible that neither side will accept losing the 2024 election,” Dalio said in a Tuesday post.Dalio warned that such a crisis would hurt economic productivity and capital flows.Sign up here… Continue reading Bridgewater’s Ray Dalio warns constitutional crisis in 2024 election will ‘hurt productivity’

New York Stock Exchange on Aug. 19, 2021.Wang Ying/Xinhua via Getty Images US stocks closed mixed Tuesday, with the S&P notching a new high while the Nasdaq slipped. Activity in the manufacturing sector grew in December, though less than forecast, according to the ISM report. At the same time, a record 4.5 million Americans quit… Continue reading US stocks end mixed as Dow hits another record while Nasdaq falls more than 1%

Jakub Porzycki/Getty Images The US Securities and Exchange Commission delayed its decision on the NYDIG spot bitcoin ETF. The deadline was previously January 15 and is now March 15, according to a Tuesday notice. The regulator rejected similar proposals from Valkyrie and Kryptoin just before Christmas. Sign up here for our daily newsletter, 10 Things… Continue reading The SEC booted its decision deadline on a spot bitcoin ETF from NYDIG another 60 days