Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
According to the report, all parties involved have agreed to settle the charges without admitting or denying the SEC’s findings
The 10-year Treasury yield briefly takes out 4.0% … who’s buying bitcoin and what it means … can we ignore the Sahm Rule this time around? It’s been a busy news week. Today, let’s look at three stories likely impacting your portfolio. Keep your eye on the 10-year Treasury yield On Monday, the most important number in investing – the 10-year Treasury yield – hit a multi-month low of about 3.67%. By yesterday, it had shot back up, briefly retaking 4.0% (as I write Friday morning, it’s eased to 3.9
Crypto lending platforms like Ledn are looking to attract Bitcoin holders who might be looking to unlock the value of their assets
The market experienced a sell-off earlier this week. So is now a good time to buy into tech? Luke Barrs, Goldman Sachs Asset Management Fundamental Equity Managing Director, joins Yahoo Finance to give his insight into the tech trade. "Selectively, there's great opportunity across the broad market, but specifically in tech as well. There are some transformational themes that are coming through that are driving earnings," Barrs says. He notes that there was likely some froth in the market, so the recent sell-off was likely healthy for stocks. "When we come to technology, what is very apparent is not just the macroeconomic picture, but also the fact that people want to see... evidence that that gen AI trade is actually driving positive outcomes," Barrs adds. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Mariela Rosales.
Despite fears of an impending recession earlier this week, analysts are again optimistic that bitcoin can reach $1 million.
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.
The unraveling yen carry trade was one reason the tech sector saw a sell-off earlier in the week. Questions began to arise around how much of an impact this will have and if things will get better, especially as worries about interest rates continue to linger. TD Securities' global head of FX and EM strategy, Mark McCormick, joined Catalysts to provide insight into the carry trade and its effect on the tech sector. McCormick believes the current situation in Japan is "challenging for tech largely because tech is like premised, particularly on easy money and easy monetary conditions and low interest rates." He argues for stocks like Nvidia (NVDA) it could be a positive because "the yen [is] basically rallying because there's a repatriation of capital coming home. And that's causing basically a trigger of interest rates to move higher, particularly real rates. That could also be a catalyst to kind of provide the same outcome and sees earnings start to decline as well." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
On today's episode of Catalysts, Co-hosts Seana Smith and Madison Mills dig into this week's market volatility, from jobless claims data to the yen carry trade unwinding. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are reversing some of the gains made in Thursday's trading session as volatility rocks the market. Edward Jones senior investment strategist Mona Mahajan explains, "Markets have certainly calmed much more meaningfully over the last couple of days than we saw Monday and Tuesday of this week even... We've seen this week alone the jobless claim figures that came in below expectations provided a little comfort to the market that is really looking for direction on a couple of things. One, is the US labor market headed towards some sort of meaningful collapse or downside, and two, is the broader economy headed towards a downturn as well? And I think for us, both of the answers to both of those questions are no." The tech sector has been particularly rocked by market volatility this week, yet Goldman Sachs Asset Management fundamental equity managing director Luke Barrs still sees opportunity. "Selectively, there's great opportunity across the broad market, but specifically in tech as well. There are some transformational themes that are coming through that are driving earnings," he explains. He adds, "When we come to technology, what is very apparent is not just the macroeconomic picture, but also the fact that people want to see... evidence that that gen AI trade is actually driving positive outcomes." A global market sell-off occurred on Monday after the Bank of Japan hiked interest rates, which unwinded the yen carry trade (JPY=X). TD Securities global head of FX and EM strategy Mark McCormick believes that the carry trade unwind isn't over, explaining, "The structural nature of the carry trade is that for pretty much around the last decade, Japanese investors have put their money, mostly pension funds, which accounts for about 80% of GDP in other markets. So the assets that they're tracking in other markets are actually a big form of the carry trade." Some retail investors used the market sell-off as a buying opportunity. IG Group North America CEO JJ Kinahan notes, "Every crisis... we've had over the last five years, where retail traders tend to start are two technology names, Apple (AAPL) and Microsoft (MSFT)." He adds that "Apple and Microsoft are going to be names that retail trades significantly anyways, but made up a larger percentage of trading on Monday and Tuesday, for sure, as people were looking for places to go buy." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
New Goldman Sachs ETF targets high monthly income through preferred stocks and hybrid securities.