Actions in GameStop GME, + 8.45% Thursday closed 8.5% higher, while shares of AMC Entertainment AMC, + 12.40% It was up 12.4% as retail investors digested the global turmoil and some troubles for one, or possibly two, Wall Street opponents. News that Ken Griffin’s hedge fund Citadel LLC is further reducing its $ 2 billion … Read more
BANGKOK – Asian stocks are mostly down on Monday after the Wall Street retreat, as investors watched developments in Ukraine after Russia revoked earlier promises to withdraw tens of thousands of its troops from Ukraine’s northern border . Tokyo, Seoul, Hong Kong and Shanghai all declined as Sydney advanced. The White House said President Joe … Read more
Senior executives at some of the world’s largest investment banks are moving away from traditional finance for cryptocurrency jobs, often seeking more excitement and higher rewards in an industry regulators have dubbed the “Wild West.” The exits of traders, quants, tech specialists and bankers from traditional Wall Street or City backgrounds for cryptocurrencies are gaining … Read more
Hello! Welcome back to Distributed Ledger, our weekly cryptocurrency newsletter that hits your inbox every Thursday. I’m Frances Yue, a cryptocurrency journalist at MarketWatch, and I’ll walk you through this week’s latest and best digital assets so far. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we should … Read more
As US regulators tighten oversight of the digital asset space, cryptocurrency companies are doubling down on their lobbying efforts. Companies engaged in cryptocurrency businesses spent at least $ 4.9 million on lobbying in 2021, up 116% from 2020, according to a recent study by crypto intelligence site Crypto Head. According to the study, cryptocurrency lobbying … Read more
If it weren’t for inflation and global armed conflict making the Federal Reserve reflexively aggressive, there would have been a lot of optimism to bring next week. Continuing to bask in the last flashes of a surprisingly strong number of jobs from the previous Friday, and some equally unexpected signs of strength in quarterly earnings … Read more
The New York hipster couple accused of one of the biggest cryptocurrency thefts in the world had quietly opened bank accounts in Russia and traveled to Ukraine to obtain fake IDs, authorities said. Federal prosecutors exposed the new details of the couple’s financial and travel movements as part of the government’s appeal against a judge’s … Read more
Wealthy investor Mike Novogratz says the days of easy money on Wall Street are drawing to a close and he sees more pain in store for stock market investors in the coming months. “I look at the stock market and it’s just starting to correct and that worries me the most,” he told MarketWatch in … Read more
The downtrend has fallen to such an extreme level that it supports a significant equity market rally. Sentiment certainly took some time to reach this extreme. Just two weeks ago, the last time I devoted a column to market sentiment, many short-term market timers were “stubbornly bullish,” treating any market decline as a buying opportunity. … Read more
As cryptocurrency loses its stigma as nothing more than a convenient conduit for criminals and money launderers, banks have so far proceeded with caution. Goldman Sachs and JPMorgan are among the large banks that have engaged in trading cryptocurrencies – not cryptocurrencies per se, but futures contracts and other instruments – to reap the volatility … Read more