Latest Market News

Market timer Tom McClellan, publisher of the McClellan Market Report, warned of a “sharp drop” in the stock market “beginning imminently” and continuing for a couple of weeks into January. Among reasons for his view, chart signals suggest the recent rally in the Dow Jones Industrial Average DJIA, -0.25% and S&P 500 SPX, -0.30% to […]

There’s little to smile about when it comes to institutional participation in Bitcoin at the end of the year, data shows. 6251 Total views 57 Total shares Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the “underperformance” of the United States’ first Bitcoin futures exchange-traded fund (ETF). […]

U.S. stock indexes ended lower Thursday, with the Dow Jones Industrial Average snapping its winning streak before the final day of trading in 2021. The Dow DJIA, -0.25% fell around 0.3%, ending a stretch of six straight days of gains, while the S&P 500 SPX, -0.30% slipped 0.3% and the Nasdaq Composite COMP, -0.16% dipped […]

Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee. 2515 Total views 41 Total shares United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice […]

With just one day to go in the year, Advanced Micro Devices Inc. AMD, -2.10% admitted Thursday that its acquisition of fellow semiconductor company Xilinx Inc. XLNX, -1.71% would not close by the end of 2021, but did say it expects the deal to be sealed early in the new year. In a joint, uncredited […]

Called “Sber — Blockchain Economy,” the ETF will trade under the ticker SBBE and track major crypto companies. 3330 Total views 46 Total shares Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies, such as Coinbase and […]