US futures fell Monday after stocks suffered their worst week since the March 2020 sell-off. The rout in crypto markets showed little sign of abating, with
Bitcoin is now about half its $69,000 peak in November.
FTX.US and Bitstamp USA are considering adding stock trading to their platforms. The FTX.US president tweeted the company has been “hard at work on stocks.”
Stocks closed higher on Wall Street Wednesday after the latest report of surging prices appeared to keep the Federal Reserve on track to raise interest rates later this year. The S&P 500, the Dow Jones Industrial Average and the Nasdaq rose. Technology stocks led the market higher. Inflation jumped 7% last month, its fastest year-over-year pace in nearly four decades, but in line with economists’ forecasts. Fed Chair Jerome Powell told Congress Tuesday the Fed stands ready to raise rates to fight inflation.
Legislation would force trust companies, lawyers and middlemen to investigate wealthy clients