Stocks

Bloomberg Don’t hold your breath for a US exchange-traded fund that invests in Bitcoin. Prospects for such a fund took a nosedive when the Securities and Exchange Commission rejected requests to list nine cryptocurrency funds, citing continuing concerns about manipulation and market surveillance. Hester Peirce — one of four commissioners currently at the SEC — has since said the agency ...

Bloomberg US stocks headed for their worst day in two months, joining a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and a plunge in commodities weighed on resource producers. Crude tumbled to below $65 a barrel after a report that American stockpiles rose the most since March 2017. The ...

Bloomberg China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first ...

Bloomberg US stocks halted the longest slide since March and the dollar was little changed after hitting a 14-month high as global markets steadied in the wake of Monday’s Turkey-induced turmoil. Crude climbed with gold and Treasuries fell. The S&P 500 Index advanced for the first time in five days amid thin summer trading. Small-cap shares were particularly strong, with ...

Bloomberg Cboe Global Markets Inc. wants to be the first to list a Bitcoin exchange-traded fund, though there’s still a lot of work needed to win approval from the US Securities and Exchange Commission. “As we chip away at their issues to make them less concerned, at some point they’ll be comfortable with an ETF,” Chris Concannon, the Chicago-based exchange ...

Bloomberg US stocks erased earlier gains to trade lower as investors weighed the impact of the economic crisis in Turkey creeping into global markets. The dollar reached the highest in more than a year, while developing-nation currencies slumped. The S&P 500 Index was flat and Dow Jones Industrial Average retreated in light summer trading, while strength in technology propped up ...

Bloomberg ICOs were supposed to be IPOs without the Wall Street middlemen and Washington meddling. Now they’re looking a bit less revolutionary. Initial coin offerings have raised $18 billion for blockchain startups this year, almost five times last year’s total, according to CoinSchedule. But unlike 2017, this is increasingly due to blockbuster sales that targeted accredited investors instead of just ...

Bloomberg US inflation in July, excluding noisy food and energy prices, was the highest since 2008 at 2.4 percent. A closer look suggests there probably isn’t much cause for concern at the Federal Reserve. Excluding shelter costs, US services inflation edged down last month. Central bankers pay close attention to services inflation because it correlates more closely with domestic labour ...

Bloomberg The US Securities and Exchange Commission (SEC) has postponed a decision on whether to allow the listing of an exchange-traded fund backed by Bitcoin. The agency now has until September 30 to “approve or disapprove, or institute proceedings to determine whether to disapprove” a proposed rule changefrom Cboe Global Markets Inc. that would allow the fund from VanEck Associates ...

Bloomberg US stocks erased early losses prompted by renewed trade fears as gains in megacap technology shares left major benchmarks little changed. Oil slumped and Treasuries rose. The S&P 500 Index was flat after a four-day advance as Washington and Beijing set dates for new levies on billions in goods. Trading was 20 percent below average. Tech and bank shares ...