North Dakota House Bill 1447 mandates that virtual currency kiosk operators obtain money transmitter licenses, utilize blockchain analytics to detect fraud, and limit individual daily transactions to $2,000.
Stock market today: Wall Street rises ahead of Fed announcement
U.S. stock indexes are rising Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.7% in morning trading. The relatively quiet trading is a respite following weeks of sharp and scary swings for the U.S. stock market.
Morgan Stanley Closes Controversial Sell Call on SK Hynix Stock
(Bloomberg) -- Morgan Stanley analysts upgraded SK Hynix Inc. to equal-weight form underweight, saying they mistimed their downgrade last September as the stock has since rallied on optimism about the company’s prospects in supplying cutting-edge memory chips. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite
Indonesia Woes Spread as Bank Scraps Bond, Credit Market Slumps
(Bloomberg) -- An Indonesian state-owned lender scrapped a planned sale of dollar bonds after a stock market rout in the country quickly spread to other asset classes.Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StylePT Bank Tabungan Negara pulled its of
BofA Warns of Chinese Stock Correction ‘Soon’ in 2015 Repeat
(Bloomberg) -- China’s stock rally may face a “meaningful correction soon” given its similarities with the 2015 boom and bust cycle, according to strategists at BofA securities. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleThe Hang Seng China Enterp
Gold prices hold steady as investors eye U.S. Fed verdict
Gold prices were little changed on Wednesday, after touching a fresh record level earlier in the day on continued safe-haven demand, as investors awaited the U.S. Federal Reserve's interest rate decision due later in the day. Spot gold fell 0.1% to $3,030.13 an ounce, as of 09:35 a.m. ET (1335 GMT). "There are concerns that tariffs could spark inflation, and there's a consensus that despite rising prices from U.S. tariffs, the Federal Reserve might start easing policy around mid-year," said Bart Melek, head of commodity strategies at TD Securities.
Google's splashy cybersecurity deal is a dud with investors. They're more focused on the economy.
Alphabet's stock price fell even after Google's $32 billion acquisition deal of Wiz. It's now down 16% this year.
Wall St gains ahead of Fed decision; dollar firms as Turkish lira slides
NEW YORK (Reuters) -U.S. stocks advanced and bitcoin rebounded on Wednesday as markets awaited the rate decision from the U.S. Federal Reserve, which could provide insight regarding the state of the economy and the central bank's next monetary policy moves. Megacap tech-related momentum stocks rebounded in a risk-on revival that put the Nasdaq out front, strengthened the dollar and put gold on the defensive. Turkey detained President Tayyip Erdogan's main political rival in what the main opposition party called "a coup against our next president," battering Turkish stocks and sending the lira plunging as much as 14.5% against the dollar before it pared those losses.
Dollar higher ahead of Fed decision; lira lurches lower
NEW YORK (Reuters) -The dollar rose across the board on Wednesday, bouncing back from multi-month lows as traders eyed the Federal Reserve's meeting outcome later in the day for clues to the path of U.S. interest rates. The buck also found some support from a brief jump in volatility after authorities detained Turkish president Tayyip Erdogan's main political rival, knocking the lira by about 12% to a record low. The buck has sold off about 6% against the euro since mid-January as investors grew concerned over the economic fallout of President Donald Trump's policies on trade and tariffs.
A Few Major New Players Are Buying Bitcoin and Ethereum. Should You?
Bitcoin and Ethereum are assets with a global distribution. Russia extracts, refines, and sells a lot of oil. In terms of dollars, Russia's oil trade was worth $192 billion in 2024; the country's native currency is the ruble.