Tag: S&P 500 Index

Musk says Tesla sold about 10% of bitcoin to test market, and will ‘resume allowing crypto transactions’ when 50% of miners are green

Prices of the world’s No. 1 crypto on Sunday were trading sharply higher, as digital-asset bull Elon Musk said Tesla would resume allowing transactions at the vehicle-maker’s stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources. The Sunday afternoon […]

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Here’s what the market wants — and doesn’t want — to hear from Powell at this week’s Fed meeting

You couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week: Therein lies the question that the interest rate-setting Fed committee needs to answer for financial markets on Wednesday, at the conclusion of the FOMC’s two-day gathering. Whether ’tis nobler […]

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Taper tantrum? Only if somebody wakes the U.S. bond market

Quiet, please, the bond market is sleeping. In February and March , as the U.S. economy began to recover from the coronavirus pandemic, a selloff in U.S. Treasurys sent yields up sharply, with the 10-year benchmark TMUBMUSD10Y, 1.554% coming within a whisker of 1.8%. Partly as a result investors began to rotate away from technology […]

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Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin BTCUSD, -4.42%, Chinese electric-vehicle maker NIO NIO, -0.75%, and videogame-retailer GameStop Corp. GME, -12.64% over a four-year period, he told MarketWatch in […]

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