Stock market today: Rally wavers but Dow edges higher for 6th straight session

aol.com None US stocks wobbled on Wednesday but the Dow managed to notch its sixth winning session in a row. • None Tech stocks slid. Uber reported poor earnings and Intel adjusted…

TikTok sued the U.S. government to block a ban. Here’s what happens now

cnbc.com The future of TikTok is more uncertain than ever after the social media company sued the U.S. government on Tuesday over a law that would force Chinese parent ByteDance to…

Stock Market Today: S&P 500 rally stalls as Treasury yields continue march By

investing.com Investing.com-- The S&P 500 closed flat Wednesday, as the recent rally stalled in the wake of rising Treasury yields, while a mixed bag of corporate earnings weighed on…

Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared

nytimes.com Housing prices are being closely watched by traders of securities tied to inflation or interest rates. Traders are closely watching once-obscure economic data, prompting…

Nasdaq, S&P, and Dow observe limited moves while yields tick higher

seekingalpha.com The major market averages noticed limited moves on Wednesday morning, while yields ticked higher. Early on and the Nasdaq Composite (COMP:IND) was -0.1%, the S&P 500 (SP500)…

How major US stock indexes fared Tuesday, 5/7/2024

apnews.com U.S. stocks held relatively steady as trading on Wall Street calmed following some sharp recent swings. The S&P 500 rose 0.1% Tuesday, its fourth straight gain. The Dow…

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?

finance.yahoo.com Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major…

Dow Extends Its Winning Streak

barrons.com The Dow Jones Industrial Average brought its winning streak to six sessions on a mixed Wednesday for the broader market. The Dow Jones Industrial Average was up 171 points,…

Treasury Yields Rise Ahead of Unemployment Data

barrons.com Treasury yields break a losing streak ahead of data investors are likely to monitor as they calibrate expectations for U.S. interest rates. Weekly jobless claims tomorrow…

No, seriously. Where are the TikTok buyers?

aol.com None Former Google CEO Eric Schmidt has decided against buying TikTok. • None That leaves a really tiny list of people who say they want to buy TikTok. Like, really tiny. •…

Mapping the RWA Landscape on Bankless

bankless.com are the talk of the town. Big names like BlackRock are getting into RWAs , Tether is rolling out its , and the numbers are impressive too – RWA tokens reached a record…

Interest rates on federal student loans may increase by 1%: ‘A fairly big jump,’ expert says

cnbc.com It may soon be more expensive to borrow federal student loans. The government sets interest rates on its education loans once a year. The rate, which runs from July 1 to…

Bitcoin Lightning Wallet ZEUS Isn’t Going Anywhere

bitcoinmagazine.com Founder: Evan Kaloudis Date Founded: 2019, block 563345; incorporated in 2023 Location of Headquarters: No HQ; fully remote Amount of Bitcoin Held in Treasury: Not disclosed…

Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years

cointelegraph.com The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury writes a report.

Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates

nbcnews.com Mortgage rates are significantly higher than they were at the start of this year, but they pulled back slightly last week after several weeks of straight increases. That was…

Why Technical Factors Matter More for the Stock Market This Week

barrons.com Why Technical Factors Matter More for the Stock Market This Week With not much in the way of economic data until next week’s consumer price index, the market’s rally may…

Team Trump is warming to TikTok in a big way

semafor.com The News MAGA Inc., the Donald Trump-aligned Super PAC, joined TikTok on Wednesday, marking the first group affiliated with Trump to do so. The independent super PAC kicked…

UK Official Warns Against Strict Crypto Regulations Amid Political Uncertainty

coinpedia.org The post UK Official Warns Against Strict Crypto Regulations Amid Political Uncertainty appeared first on Coinpedia Fintech News Bim Afolami, Economic Secretary to the…

Dow Pops in Afternoon Trading

barrons.com The Dow was up 107 points, or 0.3%, shortly before 2 p.m. ET. The S&P 500 was still down 0.1%. The Nasdaq Composite was down 0.3%. The 10-year Treasury yield was at 4.491%…

Lackluster 10-Year Treasury Auction Not Weak Enough to Be a Problem

barrons.com Investor demand for 10-year Treasury notes at Wednesday’s auction was slightly weak, as indicated by the latest metrics. Investors were awarded a yield of 4.483%, higher…

US economy at risk of becoming 'banana republic' if Trump goes to jail: Ex-White House economist

aol.com As America’s macroeconomic story has slowed quite considerably over the past year, one former White House adviser warned about "the big risk" to financial stability. "I…

Israeli startup Panax raises a $10M Series A for its AI-driven cash flow management platform

techcrunch.com High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several startups are hoping to…

Record-Matching 10Y Auction Tails Despite Solid Demand

zerohedge.com Record-Matching 10Y Auction Tails Despite Solid Demand After yesterday's stellar 3Y auction kickstarted refunding week, moments ago the Treasury sold a 10Y paper in an…

Global crypto firms turn to Hong Kong for refuge

techcrunch.com The city’s web3 carnival this year drew noticeably more global attendees With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the…

Atlanta Fed: Economy May Grow Faster Than Expected

barrons.com The U.S. economy may grow faster in the second quarter than economists expected. The Atlanta Fed’s GDPNow estimate predicts 4.2% seasonally adjusted annual growth, up from a…

Mnuchin still considering TikTok purchase, says technology could be rebuilt

thehill.com Former Treasury Secretary Steven Mnuchin said Tuesday that he is still “very interested” in buying TikTok and suggested its technology could be rebuilt even if the Chinese…

Treasury Yields To Stay Sticky As Neutral-Rate Fears Loom Large

zerohedge.com Treasury Yields To Stay Sticky As Neutral-Rate Fears Loom Large Authored by Ven Ram, Bloomberg cross-asset strategist, Treasury yields at the back end of the curve may stay…

Crypto Market Selloff: Why BTC, ETH, SOL, XRP, SHIB Fell, Crash Looms This Week?

coingape.com The crypto market flashes fresh signs of weakness as bull and bear clash over dominance. Investors have lost nearly $150 billion in the last few days, as the crypto market…

Disney, Uber, Starbucks, And McDonald's Send A Powerful Signal To Investors But Momo Crowd Oblivious

benzinga.com To gain an edge, this is what you need to know today. Please click here for an enlarged chart of Walt Disney Co DIS. • This article is about the big picture, not an…

FirstBank Leads Way in Affordable Housing Financing, Including Colorado's Largest Zero-Carbon Emission Development

benzinga.com LAKEWOOD, Colo., May 08, 2024 (GLOBE NEWSWIRE) -- FirstBank, one of the nation's largest privately held banks with a focus on "banking for good," has financed over $500…

Dow Is Looking to String Together Six Days of Gains

barrons.com Dow Is Looking to String Together Six Days of Gains The Dow industrials were looking to climb for a sixth straight session despite an uptick in bond yields. The index was up…

Stock market today: Indexes slide amid earnings-fueled tech selloff

aol.com None US stocks dropped on Wednesday led by a selloff in the tech sector. • None Uber and Intel shares declined as traders fretted over earnings and weak guidance. • None…

Druckenmiller Dropped The Biggest 'F' Bomb

zerohedge.com Druckenmiller Dropped The Biggest 'F' Bomb By Michael Every of Rabobank F is for Fed; Biden; Trump; and the 1980s In a sea of lurid, stupid headlines today, it was…

Mastercard And Major US Banks Collab To Test Tokenized Asset Settlement

coinpedia.org The post Mastercard And Major US Banks Collab To Test Tokenized Asset Settlement appeared first on Coinpedia Fintech News Mastercard’s disruptive collab with leading US…

As Social Security's funds face insolvency, experts say these are key factors to watch

cnbc.com A new Social Security trustees report released on Monday provides a modest bright spot for the program. The program's combined funds are now projected to run out in 2035 —…

Three sparks fuelling Bitcoin to $100,000

dlnews.com Macro conditions greatly improved for Bitcoin last week. Both the Federal Reserve and the US Treasury have made liquidity conditions significantly easier for risk assets in…

Stocks Open Down as Market Rally Stalls Amid Rising Treasury Yields

barrons.com The stock market’s May rally was stalling on Wednesday as bond yields turned higher and the latest wave of earnings reports disappointed. The Dow Jones Industrial Average…

5 Things To Know In Investing This Week: The Everybody Shut Up Issue

benzinga.com The Federal Reserve completed its May meeting and kept rates unchanged. So, why did the market rise? The Bank of Japan intervened to save the yen twice to no effect before…

UK Minister Warns Against Stricter Crypto Regulation, Here’s All

coingape.com In an attention-grabbing saga, one of the most renowned UK Government officials, Bim Afolami, has taken a stand against the overregulation of crypto across the nation’s…

SEC labels Ripple’s planned stablecoin as an ‘unregistered crypto asset’ in court filings

finbold.com The US Securities and Exchange Commission (SEC) has targeted Ripple‘s proposed stablecoin in its latest court filing against the company. In a May 7 redacted remedies reply…

Experimental WEB3 Event Series, ICPCC, Set to Decentralize Into a Dao Following Global Livestream on May 10th

beincrypto.com Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as…

US Futures Mixed As European Stocks Hit All Time High, Yields And Dollar Rise

zerohedge.com US Futures Mixed As European Stocks Hit All Time High, Yields And Dollar Rise US equity futures flipped between gains and losses on Wednesday while European stocks hit an…

Stock Rally Hits Wall After Earnings Disappoint: Markets Wrap

finance.yahoo.com US equity futures edged lower as this month’s rally stalled amid a lack of catalysts. Treasury yields and the dollar rose. • None One Out of Every 24 New York City Residents…

Toncoin’s HashKey Listing To Bolster TON’s Ecosystem

coinpedia.org The post Toncoin’s HashKey Listing To Bolster TON’s Ecosystem appeared first on Coinpedia Fintech News A partnership between TON foundation and Hash key groups aims to…

Canada among nations fighting rising rent in global inflation battle

financialpost.com The upshot: The disinflation momentum seen through most of last year has all but stalled in some developed economies. That’s leading financial markets to either push back…

Minister urges regulators not to ‘undermine’ London’s crypto scene with too many rules

dlnews.com A top minister in the British government urged regulators to take care in policing the crypto industry to make sure its success isn’t “undermined.” Speaking at an event in…

Futures: Shopify, Uber Plunge, But 3 Stocks Flash Buy Signals

investors.com jumped after its first earnings report as a public company. Shopify (SHOP), Uber Technologies (UBER), Coupang (CPNG) and Astera Labs (ALAB) were notable earnings losers. The…

Stock Market Today: Stocks mixed, Dow eyes best run since December

thestreet.com Check back for updates throughout the trading day U.S. equity futures edged lower in early Wednesday trading, while Treasury bond yields bumped higher into the start of the…

3 No-Brainer Stocks to Buy With $20 Right Now

finance.yahoo.com One of Wall Street's few guarantees investors can always count on is volatility. Over the prior four years, the historic Dow Jones Industrial Average, widely followed S&P…

Mastercard Collaborates Major US Banks To Test Tokenized Asset Settlement

coingape.com Mastercard Inc. has embarked on a groundbreaking collaboration with some of the largest US banks to test shared-ledger technology aimed at facilitating the common settlement…

Rents Set to Be Last Domino to Fall in Global Inflation Battle

finance.yahoo.com Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all this tightening…

Nikkei Slips on Rates Uncertainty, Property Drags on Hang Seng

asiafinancial.com Asian stocks went into reverse on Wednesday, with investors unnerved over mixed signals on US interest rates and contradictory data coming out of the world’s biggest…

U.S. Treasury Bonds Have Gotten Harder to Sell. This Week Could Be Different

barrons.com The next tests for the Treasury market come on Wednesday and Thursday, when sales of 10-year and 30-year debt are scheduled.

Mnuchin Believes TikTok’s Algorithm Could Be Rebuilt If He Buys It

youtube.com Former US Treasury Secretary Steven Mnuchin says he’s still interested in buying TikTok’s US operation from its Chinese owner. But, if a deal happens, can the app’s…

Toncoin Bags HashKey Listing, Brace For TON Price Rally

coingape.com In April, news emerged of a strategic partnership between the TON Foundation and the HashKey Group, aimed at fortifying the TON Ecosystem’s treasury management capabilities…