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Yahoo
30-05-2025
- Business
- Yahoo
Top 10 Crypto Exchanges Ranked
CoinDesk's Exchange Benchmark provides an institutional-grade assessment of digital asset exchanges, measuring counterparty risk, market quality, security, and regulatory compliance. Josh de Vos, research lead at CoinDesk, joins "Markets Daily" to discuss the metrics used in the report and which exchanges were ranked AA status. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
17-04-2025
- Business
- Bloomberg
Calmer Volatility Points to Gains for Energy, Tech Stocks
Markets Daily will return on Monday. Enjoy the long weekend! Traders looking to bet on a calming of the tariff-fueled turbulence in the stock market should focus on energy, financial and tech shares. That's the take from 22V Research, which says those sectors have the most potential for a rebound given how the stocks reacted recently.
Yahoo
06-03-2025
- Business
- Yahoo
Stocks Drop as Tech Earnings, Bond Selloff Weigh: Markets Wrap
(Bloomberg) -- Stock futures signaled a sharply weaker open for Wall Street, as higher global bond yields, trade-war fears and disappointing tech earnings roiled markets. Trump Administration Plans to Eliminate Dozens of Housing Offices Republican Mayor Braces for Tariffs: 'We Didn't Budget for This' How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low Remembering the Landscape Architect Who Embraced the City Contracts on the Nasdaq 100 fell 1.2% while those on the S&P 500 dropped 1%. Marvell Technology Inc., shares dropped 15% in premarket trading after the chipmaker's result and revenue forecast failed to live up investors' lofty expectations. CrowdStrike Holding Inc. tumbled after the cybersecurity company issued a worse-than-expected earnings outlook. Chip shares have also come under pressure after Alibaba Group Holding Ltd introduced its latest DeepSeek rival at a fraction of a price. Rabobank strategist Matthew Cairns said markets remain focused on the global bond rout as well as the economic fallout from the brewing trade war. President Donald Trump has imposed tariffs on imports from Mexico and Canada, though he has granted automakers a one-month exemption. 'The notion of starting a trade war, which will result in retaliation from the countries that are targeted means there will be additional pressure on the US,' Cairns said. 'That is not a great story for equities and earnings growth because US households are going to be poorer.' (Get the Markets Daily newsletter to learn what's moving stocks, bonds, currencies and commodities) Europe's Stoxx 600 index ceded early gains to slip 0.5%, reacting to sharply higher bond yields across the continent, following Germany's announcement that it would deploy hundreds of billions of euros in additional spending. Listen to the Bloomberg Daybreak Europe podcast on Apple, Spotify or anywhere you listen. Germany's spending plan drove Bunds on Wednesday to their worst session since 1990 and the selloff extended Thursday to lift yields by another 10 basis points. The selloff rippled out into markets across the euro area and beyond, with Japanese 10-year borrowing costs at the highest in over a decade and Treasury yields up three basis points. Bond investors are now waiting for the European Central Bank's meeting, which is expected to deliver a 25 basis-point interest rate cut, and could yield clues on how rate-setters might react to the additional spending plan. 'This is ultimately a reassessment of the reality that Europe needs to find some financing,' Cairns said of the bond selloff. 'Some more repricing is likely throughout this morning, then the ECB will come in and attempt to settle market sentiment.' In currencies, the euro hovered near four-month highs while the Bloomberg Dollar Spot Index was steady after Wednesday's 1% plunge Key events this week: Eurozone retail sales, ECB rate decision, Thursday US trade, initial jobless claims, wholesale inventories, Thursday US Treasury Secretary Scott Bessent speaks, Thursday Fed's Christopher Waller and Raphael Bostic speak, Thursday Eurozone GDP, Friday US jobs report, Friday Fed Chair Jerome Powell gives keynote speech at an event in New York hosted by University of Chicago Booth School of Business, Friday Fed's John Williams, Michelle Bowman and Adriana Kugler speak, Friday Some of the main moves in markets: Stocks S&P 500 futures fell 1% as of 5:12 a.m. New York time Nasdaq 100 futures fell 1.2% Futures on the Dow Jones Industrial Average fell 0.9% The Stoxx Europe 600 fell 0.6% The MSCI World Index was little changed Currencies The Bloomberg Dollar Spot Index was little changed The euro rose 0.1% to $1.0800 The British pound fell 0.1% to $1.2880 The Japanese yen rose 0.7% to 147.82 per dollar Cryptocurrencies Bitcoin rose 0.6% to $90,903.53 Ether rose 2.5% to $2,290.75 Bonds The yield on 10-year Treasuries advanced three basis points to 4.31% Germany's 10-year yield advanced eight basis points to 2.87% Britain's 10-year yield advanced five basis points to 4.73% Commodities West Texas Intermediate crude rose 0.4% to $66.59 a barrel Spot gold fell 0.9% to $2,893.50 an ounce This story was produced with the assistance of Bloomberg Automation. --With assistance from Divya Patil. The Mysterious Billionaire Behind the World's Most Popular Vapes Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Greenland Voters Weigh Their Election's Most Important Issue: Trump Trump's SALT Tax Promise Hinges on an Obscure Loophole Snack Makers Are Removing Fake Colors From Processed Foods ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Signs of economic doubt emerge in the US
As US President Donald Trump charges ahead with his tariff plans and aggressive cost-cutting mission in Washington, signs of pessimism are quietly arising among economists, global investors, and US consumers. Stocks in the US and Asia fell Tuesday after Trump vowed to go ahead with tariffs against Mexico and Canada next week, while bitcoin, seen as a favorable 'Trump trade,' also fell after months of historic gains. Experts had warned that Trump's tariff agenda could raise prices for American consumers — but his first month in office was largely well-received by Wall Street. Now, some analysts are sounding the alarm that the market is overvalued. 'Whisper it, but signs are starting to emerge… that the weight of Donald Trump's multi-pronged policy agenda is becoming a bit too much to bear,' Bloomberg's Markets Daily newsletter wrote. Beyond stocks, consumers worried about inflation also grew more pessimistic about the economic outlook this month, according to a leading consumer confidence index, which recorded its largest monthly decline since 2021. 'For good or bad, depending on your politics, we're back to the chaos presidency,' a prominent hedge fund manager told Politico. Donald Trump's effort to axe government spending through the Elon Musk-led Department of Government Efficiency could have spiraling economic ramifications, analysts warned. The mass firings or buyouts of federal workers may amount to the largest job cut in US history, experts told CNBC. 'The economic consequences of layoffs are like a domino effect that spread across local economies to businesses that seem to have no connection whatsoever to the federal government,' a Yale University Budget Lab official said. But while the DOGE cuts could upend livelihoods and local communities, many economists are confident they won't devastate the national economy, CNN reported. 'It's not going to tip the economy into recession by itself,' one expert said. Trump's embrace of cryptocurrency helped supercharge the digital tokens to new highs after his victory. 'Holding bitcoin is cool again,' the Financial Times declared just two weeks ago; the currency surpassed $100,000 in January. But bitcoin has been falling over the last few days, amid a crypto market decline. Broader economic concerns around tariffs' impact sparked the de-risking selloff, Coin Central wrote, showing an alignment between digital assets and stock markets: 'The days when cryptocurrency moved independently from mainstream financial assets appear to be fading.' A major hack at Dubai-based crypto exchange Bybit also dented investor confidence.
