Bitcoin Slides Further, Tether Briefly Breaks $1 Peg

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 5:15 am ET, it had partially rebounded to about 41 cents in … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

Stocks rise after tech-induced selloff

U.S. stocks edged higher in choppy trade on Wednesday, recouping some of their losses after selling sharply the day before. The S&P 500 gained 0.4%, while the Dow Jones Industrial Average also gained 0.4%, or about 128 points. The tech-focused Nasdaq Composite was roughly flat. On Tuesday, the Nasdaq recorded its biggest one-day percentage drop … Read more

Falling Japanese Yen Raises Potential for Broader Market Troubles

The Japanese yen fell to its lowest level in 20 years against the US dollar. This could be bad news for markets far beyond Tokyo. Traders around the world are watching the rise and fall of the yen not only to follow the Japanese markets, but also to gauge the mood of investors globally. Usually, … Read more

Falling Japanese Yen Raises Potential for Broader Market Troubles

The Japanese yen fell to its lowest level in 20 years against the US dollar. This could be bad news for markets far beyond Tokyo. Traders around the world are watching the rise and fall of the yen not only to follow the Japanese markets, but also to gauge the mood of investors globally. Usually, … Read more