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Banking, Economy

“Treasuries Surge as Traders Bet on Emergency Fed Rate Cut”

“Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head… Continue Reading…

Business, Economy

“BlackRock Bucks Bets on Plunging Inflation”

“BlackRock Inc. strategists say traders that have started to bet on a sharp slowdown in inflation are setting themselves up for disappointment. While they acknowledge that prices pressures are ebbing faster than expected, they contest consensus bets that see the… Continue Reading…

Cryptocurrencies

“Lower Volatility Confounds Crypto Traders Used to Yo-Yo Swings”

“In contradiction to its usual tempestuousness, Bitcoin and some other cryptocurrencies have become less choppy, stupefying market-watchers who’ve long known them for their volatility. The average spread between the past month’s peak and trough across the 10 largest digital assets… Continue Reading…

Cryptocurrencies

“Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes”

“…Since Sept. 15, the date the merge was completed, to Tuesday, ether is down 15.2%. Bitcoin has dropped 4.4% in the same period. Ahead of the network upgrade, the price of ether roughly doubled from the lows of the year in… Continue Reading…

Cryptocurrencies

“Coinbase shares soar nearly 20% in boost from meme traders, BlackRock crypto deal”

“Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Coinbase shares were last up by 25.2%. Earlier in the day they jumped as much as about 40%…… Continue Reading…

Economy

“Why traders think the US economy is about to go into reverse”

“Part of the Treasury yield curve has inverted, a strong signal that nervy investors are bracing for a US recession. Yields on short-term government debt are surging in a global bond rout as expectations rise of central banks responding to… Continue Reading…

Banking, Economy

“Wall Street bankers and traders are in line for the biggest bonus increases since 2009”

“ Wall Street is set to see the biggest bonus increases since the Great Recession after a busy and profitable 2021, according to a report from pay consultancy Johnson Associates. Overall bonuses for investment banking underwriters are forecast to jump… Continue Reading…

Cryptocurrencies

“Bitcoin tops $60,000 for first time in six months as traders bet on ETF approval”

“Bitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund. The world’s biggest cryptocurrency surged as high as $60,314, notching its highest level since… Continue Reading…

Business, Stocks

“Oil prices end higher as traders weigh latest supply update, demand prospects”

“Oil prices ended higher on Wednesday, shaking off an earlier decline, as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a bigger-than-expected climb in gasoline inventories. Once traders “looked beneath the sticker shock” of a… Continue Reading…

Precious Metals, Stocks

“Silver jumps 7% as Reddit traders try their squeeze play with the metal”

“Silver futures traded 7.3% higher at $28.87 an ounce at roughly 11:15 a.m. ET. The metal previously traded up around 11%, which would have marked the largest one-day pop in silver on NYMEX since a 13% spike in March 2009…… Continue Reading…