ADVFN US – Market Content Editor
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Crypto This Tuesday: BTC and ETH Dominate After Altcoin Aversion, Ripple Reveals SEC Documents, and More
Bitcoin, Ethereum lead cryptocurrency market as investors move away from Altcoins amid regulatory crackdown The dominance of Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD) and stablecoins in the cryptocurrency market has reached its highest level since February 2021, as investors move away from smaller tokens due to regulatory crackdowns in the US. The combined market capitalization of these assets…
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Crypto Weekly Newsletter
Crypto and Macro Weekly Recap Last week, cryptocurrencies faced downward pressure as the U.S. Securities and Exchange Commission (SEC) launched a lawsuit against crypto service providers, exchanges, and platforms including Binance and Coinbase. It also labeled many assets as securities rather than commodities, which prompted Robinhood to delist SOL, ADA, and MATIC. Crypto.com decided to suspend…
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Tame Inflation Data May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the upward move seen over the course of the previous session. The futures advanced following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of May, which…
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Tuesday’s Wall Street Highlights: CPI, Manchester United, Oracle, Toyota, Apple and more
The inflation rate hit its lowest annual level in about two years in May, with the CPI rising just 0.1% for the month. However, excluding food and energy, core inflation rose 0.4% on the month and 5.3% year-on-year. These numbers are in line with consensus estimates. At around 8:32 AM, Dow Jones (DOWI:DJI) futures were up 23 points,…
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North American Morning Briefing: Investors Brace for Key CPI Data
Market Wraps Watch For: CPI for May; Janet Yellen testifies to annual House committee hearing on The State of the International Financial System Today’s Top Headlines/Must Reads: – Fed-Rate Projections Could Rise to Underscore Inflation Anxieties – Inflation Has Likely Been Cut in Half but Is Still Too High – The Profit Squeeze Is On…
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US Futures, European Stocks Rise Ahead of Inflation Data
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. DocMorris added 5.3% and Hexagon Series B rose 4.3%. On the…
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Top Company News of the Day: Microsoft, Activision, Google, Netflix
FTC Seeks Injunction to Stop Microsoft From Closing Activision Deal A judge would need to agree to issue the injunction, likely after a hearing at which the agency would present evidence for why the deal is illegal. Breakup of Google Ad-Tech Business Now on Table in Europe, Too The EU antitrust case, expected to be…
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Nasdaq, S&P 500 Reach Best Closing Levels In Over A Year
Stocks moved mostly higher during trading on Monday, adding to the modest gains posted last week. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over a year. The major averages finished the day just off their highs of the session. The Nasdaq surged 202.78…
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Crypto this Monday: Robinhood Volume Slumps in May, a16z Expands to UK, and More
Former Head of SEC Enforcement Division Warns Cryptocurrency Investors of Need to Get Off Crypto Platforms Former head of the SEC’s Division of Enforcement, John Reed Stark, has issued a warning to cryptocurrency investors, urging them to “Exit Crypto Platforms Now”. He highlighted the lack of protections for customers and the exchanges’ failure to comply with…
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Futures Pointing To Modestly Higher Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the slim gains posted last week. The upward momentum on Wall Street comes as traders look ahead to the Federal Reserve’s monetary policy announcement on Wednesday. The Fed is widely expected to…