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U.S. stocks closed higher on Wednesday, with the S&P 500 and Nasdaq Composite clinching a third day of gains, after minutes from the Federal Reserve’s latest meeting hinted at another aggressive rate hike from the central bank later this month. The Dow Jones Industrial Average closed 69.40 points, or 0.2%, higher at 31,037.22. The S&P […]
A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation. 363 Total views 16 Total shares US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A […]
Shares of GameStop Corp. GME, -2.33% rallied more than 9% in the extended session Wednesday after the gaming retailer said its board of directors approved a 4-for-1 stock split as a stock dividend. Shareholders of record on July 18 will receive a dividend of three additional shares for each their shares held, GameStop said. The […]
Merge trials on testnets are essential to allow Ethereum developers and independent project developers to understand what they can expect when the actual Merge takes place. 162 Total views 31 Total shares Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the […]
Political Instability Rocks PoundThe British Pound is undergoing a sharp shift in sentiment this week. News of major political resignations yesterday have exacerbated the atmosphere of uncertainty and fear among UK investors. While the current UK administration has been no stranger to adversity, scandal and in recent times, almost falling apart, news yesterday of Rishi […]
INGUSD: Macro themes continue to drive financial markets.One does not have to look too far beyond the inverted US yield curve or the collapse in copper to understand that investors continue to re-price global growth prospects lower. Bank of England Governor Andrew Bailey yesterday said that the global growth outlook has ‘deteriorated markedly’. The big […]