When Bitcoin broke into public consciousness in 2013, it couldn’t have been sexier: a digital currency being used to buy everything from drugs to cupcakes. Bitcoin’s wild price ride — soaring up in late 2017 only to fall steadily back down this year …
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of …
The dollar was little changed Friday, leaving it up for the week, as stocks climbed and U.S. President Donald Trump signed a $484 billion spending package to bolster the economy. The euro was the best performer among Group-of-10 currencies, while …
Earnings: Blackstone, Lilly, Union Pacific 18:13KEY TAKEAWAYS from the post-market earnings: Intel Corp. withdrew its full-year sales forecast, citing “significant economic uncertainty” caused by the Covid-19 pandemic. Shares dived lower in post-market trading even though first-quarter revenue and adjusted …
Because the coronavirus responsible for the Covid-19 pandemic is new to humans, doctors lack vaccines to prevent it and proven medicines to treat it. Researchers and companies are scrambling to fill the void. In normal times, the process of approving new drugs …
Markets go up and down; the amount they move is their volatility. In normal times, traders like a dose of volatility, and betting on its levels has become a market of its own. But these are not normal times, and …
As the coronavirus outbreak reached pandemic status, people began panic buying staples: rice, pasta, noodles — and the U.S. dollar. The demand was so intense that the U.S. Federal Reserve stepped in to help foreign central banks and others get …
Long before the U.S. tightened its borders to slow the spread of the novel coronavirus, as many countries did, President Donald Trump set about reshaping America’s immigration system with a nationalist and isolationist bent. Promises to crack down on illegal immigration and …
The power of the coronavirus is not that it’s particularly lethal or especially easy to catch from someone else, but rather that it’s stealthy. Infected people can pass it on to others before they realize they’re sick, or even if …
The financial world had already gotten used to many long-held norms being upended after the 2008 financial crisis before the 2020 pandemic knocked even more things offsides. Among them: term premia, or the bonuses that investors traditionally received for the added …
Der 20. April 2020 wird in die Geschichte des Ölmarktes als der Tag eingehen, an dem der US-Referenzpreis für Rohöl zum ersten Mal unter null Dollar gefallen ist. Die Terminkontrakte für ein Barrel der Sorte West Texas Intermediate (WTI) …
It takes a large dose of Wall Street alchemy to create the structured finance products known as CLOs, which fund much of corporate America. So collateralized loan obligations naturally came under particular scrutiny as the scale of the coronavirus pandemic became clear …
April 20, 2020 will go down in oil-market history as the day when the U.S. benchmark price for crude dropped below zero for the first time — and then kept falling. In a massive and unprecedented swing, the future contracts for May …
Oddly named and highly powerful, the Texas Railroad Commission on Tuesday will weigh whether the state should curb crude production for the first time in almost half a century. At issue is one of the worst price collapses in history, …
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