Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG/LONDON, May 12 (Reuters) – The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this … Read more

Dollar hovers near 2-decade high as CPI keeps aggressive US rate hikes likely

A man counts US dollar banknotes at an exchange shop in Beirut, Lebanon March 18, 2022. REUTERS/Mohamed Azakir/Files Register now for FREE unlimited access to Reuters.com Register TOKYO, May 12 (Reuters) – The US dollar held near a two-decade high on Wednesday after US inflation moderated less than markets had expected, keeping the Federal Reserve … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Nasdaq ends sharply higher after Twitter agrees to takeover by Musk

Wall Street fear gauge at highest since mid-March Twitter surges after Elon Musk takeover deal Beijing threatened with lockdown, cyclicals lead declines Indices: Dow +0.70%, S&P 500 +0.57%, Nasdaq +1.29% April 25 (Reuters) – Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be taken over by billionaire Elon … Read more

Stocks slide on fears of Beijing lockdown, dollar shines as rate hikes loom

FIE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building in the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Chinese stocks and yuan fall as lockdowns spread Aussie dollar slides 1% as greenback rises Macron victory … Read more

Wall St Week Ahead Stakes are high as megacaps highlight big earnings week

People are seen on Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register NEW YORK, April 22 (Reuters) – Investors are hoping a deluge of U.S. quarterly reports next week, including those from megacap … Read more

Wall Street sinks, bond yields rise as Powell suggests aggressive Fed policy

The New York Stock Exchange (NYSE) in New York, New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs Join now for FREE unlimited access to Reuters.com Register US stocks turn negative after earlier gains Fed Chairman Powell suggests aggressive hikes Bond yields rise on bets on rising rates Oil rises but remains well below March highs … Read more

Nasdaq drops as Netflix subscriber numbers weigh on tech

Procter & Gamble wants to raise its sales forecast for the year IBM wins on optimistic forecast, first quarter results are better Netflix plummets after losing subscribers in first quarter Indices: Dow up 0.71%, S&P down 0.06%, Nasdaq down 1.22% April 20 (Reuters) – The tech-heavy Nasdaq tumbled on Wednesday as Netflix’s surprise subscriber slump … Read more

Oil settles mixed on Russian supply, demand worries

An employee holds a crude oil sample at the Yarakta oilfield, owned by Irkutsk Oil Co, in Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko Join now for FREE unlimited access to Reuters.com Register U.S. Crude Stocks Crash as Exports Hit 2-Year High -EIA Libya loses 550,000 bpd from blockades, NOC says IMF lowers global … Read more

Wall St ends lower as investors await further earnings hints

Bank of America boosts the S&P 500 Twitter wins after adopting ‘poison pill’ Didi to meet on US delisting plans, stocks fall Indices down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – U.S. stocks closed lower on Monday after a session in which all three benchmarks slid between positive and negative territory as … Read more