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In the tumultuous world of financial markets, it sometimes doesn’t take long for the first to become last. For the Japanese yen, which started out the year as the best-performing G-10 currency, the transition took about a month. → Read More
Bitcoin surges past $1,700 on Tuesday, extending an astonishing rally that has seen the total market value of all virtual currencies more than double since the beginning of 2017. → Read More
U.S. stocks opened mostly higher on Friday after the April headline jobs number surpassed expectations, though the details of the report were somewhat weaker than expected. The S&P 500 index SPX, +0.15% advanced 4 points, or 0.2%, to 2,393. The Nasdaq Composite Index COMP, +0.19% climbed 16 points, or 0.3%, to 6,091. The Dow Jones Industrial Average DJIA, -0.08% was marginally lower at… → Read More
Bitcoin sails past the $1,500 mark on Thursday, pushing the market capitalization of the digital-currency space past the $40 billion mark for the first time. → Read More
Two of the world’s most popular digital currencies rose to all-time highs on Monday, with the Bitcoin price eclipsing the $1,400 level for the first time ever. → Read More
The dollar advanced Monday against the Japanese yen as most European markets were closed for the May Day holiday. → Read More
The first 100 days of the Trump administration has been a particularly exciting time for financial markets, primarily because many of Wall Street’s assumptions about how markets would react to the Republican’s purportedly pro-growth policies were way off base. → Read More
State Street Corp. said Thursday that its exchange-traded fund custody business has swelled to $2 trillion in assets, making the Boston-based bank the world’s largest provider of these types of services. → Read More
Stocks opened higher on Thursday, with the Nasdaq Composite Index trading above its highest-ever closing level, as a spate of encouraging corporate earnings lifted the broader market. The S&P 500 index SPX, +0.02% advanced 2 points, or 0.1%, to 2,389, while the Dow Jones Industrial Average climbed 19 points, or 0.1%, to 20,990. The Nasdaq gained 12 points, or 0.2%, to 6,037. Shares of Ford… → Read More
Bitcoin is closing in on its all-time high as regulators in some of the world’s largest economies have begun warming to the digital currency. → Read More
Grayscale is preparing to launch a new cryptocurrency-focused investment vehicle called the ethereum classic investment trust, according to a source close to the company. → Read More
The combined market capitalization of all cryptocurrencies tracked by Coin Market Cap surpasses $30 billion for the first time. → Read More
The Canadian dollar slumped to its weakest level in more than a year on Tuesday after the Trump administration levied a new tariff on Canadian timber exports, the latest chapter in a long-running dispute. → Read More
The dollar strengthened against the yen on Tuesday, but extended its slide against a handful of European rivals, as investors awaited a “big announcement” about President Donald Trump’s plans for overhauling the U.S. tax code. → Read More
The dollar surged on Tuesday against the Mexican peso after President Donald Trump tweeted that he remains committed to building a wall along the Mexican border. The dollar USDMXN, +1.2460% rose 1.4% to 18.99, its strongest level in a month, after trading at 18.73 late Monday in New York. On Monday, Trump told a group of reporters that he would drop his demand that funding for the border wall be… → Read More
A team of currency strategists at HSBC says French presidential candidate Emmanuel Macron’s first-place finish in Sunday’s first-round election will have a lasting impact on the euro as investors look past Europe’s unruly politics toward signs of a nascent economic turnaround. → Read More
As Bitcoin’s price is creeping back toward its all-time high, speculators are growing increasingly wary that its astonishing gains can be sustained. → Read More
U.S. stocks rocketed higher at the open on Monday, with the Dow Jones Industrial Average gaining 200 points and the Nasdaq Composite Index reach all-time highs, after centrist Emmanuel Macron finished first in in this weekend's French presidential vote. The S&P 500 index SPX, +1.07% climbed 20 points, or 0.9%, to 2,370, while the Dow rose 205 points, or 1%, to 20,755. The Nasdaq Composite… → Read More
With as many as one-third of voters still on the fence, the first round of the French presidential election could yield any number of outcomes. → Read More
Are markets underestimating the possibility of another nationalist upset? That’s the big question on every currency traders’ mind as French citizens prepare to head to the polls on Sunday to vote in the first round of a hotly contested presidential election. → Read More