• Stocks fall as Trump's legal troubles, trade war put markets on edge

    2 monthes ago - By Business Insider

    All three major US indices slumped Thursday, one day after the S&P 500 set a record for its longest bull run in history, as Trump's legal woes and escalating trade tensions continued to loom over Wall Street. The dollar jumped, and Treasury yields fell.
    Here's the scoreboard:
    Dow Jones industrial average : 25,648.92 −84.68
    S&P 500 : 2,855.27 −6.55
    Nasdaq Composite : 7,878.46 −10.64
    The Trump administration enacted tariffs on an additional $16 billion worth of Chinese goods, prompting an in-kind response from Beijing. The actions came as the countries entered their second day of...
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  • The finance legend who pioneered the first oil ETF explains why he's not holding his breath for a bitcoin one

    The finance legend who pioneered the first oil ETF explains why he's not holding his breath for a bitcoin one

    2 monthes ago - By Business Insider

    On Wednesday evening, the SEC rejected nine bitcoin-linked exchange-traded funds.
    The suite of funds were linked to bitcoin futures, a structure many market structure experts thought would have an easier time gaining approval.
    John Hyland, a early leader of the exchange-traded fund industry, say it's unlikely the SEC would approve any type of fund linked to bitcoin.
    The bitcoin world was dealt a big blow when regulators rejected nine exchange-traded funds tied to bitcoin futures on Wednesday.
    These include two products from ProShares, two from GraniteShares, and five other proposals from...
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  • US jobless claims fall as labor market holds firm despite trade tensions

    US jobless claims fall as labor market holds firm despite trade tensions

    2 monthes ago - By CNBC

    The report signaled the labor market was holding firm despite tensions between the U.S. and its trading partners.
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