Final signoff on spot Ether ETFs expected imminently, listings next week — Source
Spot ETF issuers expect to receive final comments from regulators by early next week, and possibly as soon as July 12.
Spot ETF issuers expect to receive final comments from regulators by early next week, and possibly as soon as July 12.
This is the second crypto investigation the US securities regulator dropped this week.
The real threat of a CBDC lies in quantum computing vulnerabilities. Developing a quantum-resistant design should be a priority for the United States.
At the heart of the findings are the “blue check” verification systems and X’s alleged obfuscation of data.
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.
A bipartisan group of 20 US senators has reached a new agreement on legislation that would ban all members of Congress from trading stocks.
According to BlockBeats, on July 12, the Chairman of the US Federal Reserve in Chicago, Charles Evans, expressed that the inflation report for June was outstanding. He suggested that a rate cut or a series of rate cuts could be considered based on the data.Evans reassured that there is no need to panic about the unemployment situation as the job market is stable. He emphasized the importance of flexibility in policy decisions, stating that it is necessary to decide when to cut rates, rather than trying to predict the interest rate path for the next seven months.This statement indicates a potential shift in the Federal Reserve's approach to monetary policy, with a focus on responding to current economic conditions rather than attempting to forecast future trends. This could have significant implications for the US economy and financial markets.
It's full steam ahead for stocks (^DJI, ^IXIC, ^GSPC) seeking to close out the day after taking in Thursday morning's Consumer Price Index (CPI) report for the month of June. Julie Hyman and Josh Lipton have compiled the perfect itinerary of top industry movers and market themes for active investors in today's episode of Market Domination. The show starts off with Hennion & Walsh CIO Kevin Mahn outlining the next big sector that could play a pivot role in the AI trade: utilities (XLU) State Street Global Advisors chief economist Simona Mocuta explains where risks may still lie for US consumers in the current economic environment as Federal Reserve officials prepare to possible cut interest rates. Yahoo Finance senior columnist Rick Newman later comes onto the program to discuss how close President Biden is to completing his four-year term without a recession, and while the Fed nears its 2% inflation target to boot. Other top trending tickers on the Yahoo Finance platform include Delta Air Lines (DAL) since reporting second quarter earnings this morning; QuantumScape (QS) and Volkswagen (VOW.DE, VWAGY) after forming a partnership on lithium EV batteries; and Tesla (TSLA). This post was written by Luke Carberry Mogan.
U.S. inflation slowed marginally in June on an annual basis, and a gauge of core prices closely watched by the Federal Reserve also slowed, pointing to a cooling...
The AI trade keeps on spinning as Big Tech names continue to defy expectations and show they may have even more room to grow. These AI plays aren't only driving market indexes higher along with hardware demands, but also the need for energy to power this next generation of tech. Hennion & Walsh CIO Kevin Mahn joins Market Domination to give insights into artificial intelligence themes, why it has much more room to grow, and whether investors should start to consider utilities (XLU) as the next long-term play for AI. "No one's looked at utilities for the better part of the last three years as [interest] rates have risen. Guess what happens as rates come down? All of a sudden, that utility that pays 4.5, 5% looks pretty attractive again. And it's also another way to play the AI game, remembering that these data centers that power all of these massive algorithms in AI, they rely upon utilities that supply the electricity solutions that they need." He follows that sentiment up by stating: "So I think there's another good way to play in those areas of the market that still are trading at attractive valuations, pay good dividends, can weather an economic slowdown, and will offer more upside, perhaps even more so than what we've seen from technology already." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino