This week, America’s first blockchain-based stock exchange obtained regulatory approval from the Securities and Exchange. In a filing the SEC uploaded to its website on late Thursday evening, it said the Boston Security Token Exchange (BSTX) could use the nascent technology to offer faster trade settlements. Compared to a traditional exchange where it typically takes […]
Read MoreBrent crude touched $90 per barrel briefly this week for the first time in years. This latest jump was attributed to tensions around Ukraine, but this is the most transitory reason for oil price rises. The bigger reasons all have to do with fundamentals. And $90 per barrel of Brent may be only the beginning. […]
Read More(Bloomberg) — Jerome Powell has spoken, and his pronouncements on rate policy have left investors as confused about what the Federal Reserve is planning as they have been in more than two decades. The result: a severe uptick in market volatility. With three of the biggest intraday swings in a decade just in the past […]
Read More(Bloomberg) — U.S. Steel Corp.’s boss says those betting on a further drop in steel prices are likely to be disappointed. Chief Executive Officer David Burritt doesn’t envisage domestic steel prices returning where they were in August, when they hit almost $2,000 per ton — they’re currently at $1,170 – but he does think the […]
Read MoreThis company explores for, develops, and produces crude oil and natural gas primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. CLR $51.9900 -0.1700 % -0.3300 Continental […]
Read MoreMastercard Incorporated (MA) Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. Visa Inc. (V) Visa Inc. operates as a payments technology company worldwide. […]
Read More(Bloomberg) — In another week of severe equity turbulence, the S&P 500 saw three of the biggest intraday reversals of the decade, Microsoft Corp. swung 15% in 15 hours, and stock volatility doubled. In the end, for one last twist, the index rallied Friday, erasing losses for the week to post one of its smallest […]
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