Latest Market News

May 20
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach

On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. 2700 Total views 56 Total shares The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for […]

May 20
Wells Fargo agrees to pay $7 million to failing to follow anti-money laundering rules

The Securities and Exchange Commission on Friday said Wells Fargo & Co. WFC, -1.18% agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021. The SEC said the bank’s anti-money laundering (AML) system adopted in January, […]

May 20
Crypto veterans extend a helping hand to bear market newbies

Guy Swann listed buying Bitcoin on top of his list of advice for beginners who are experiencing their first bear market. 1929 Total views 59 Total shares As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would […]

May 20
Stocks open higher as Dow heads for longest weekly losing streak since 1932

Stocks opened higher Friday, attempting to bounce at the end of what’s shaping up to be another losing week for major indexes. The Dow Jones Industrial Average DJIA, +0.58% was up 217 points, or 0.7%, at 31,470, while the S&P 500 SPX, +0.88% gained 0.9% to trade at 3,936. The Nasdaq Composite COMP, +1.08% was […]

May 20
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash 1592 Total views 26 Total shares The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents […]

May 20
Foot Locker shares rise after profit beat

Foot Locker Inc. FL, -2.01% shares rose 4.1% in Friday premarket trading after it reported first-quarter profit that beat expectations. The athletic retailer posted net income of $133 million, or $1.37 per share, down from $202 million, or $1.93 per share, last year. Adjusted EPS of $1.60 beat the FactSet consensus for $1.54. Sales of […]