Robinhood drops on report crypto exchanges Bitstamp and Sam Bankman Fried’s FTX are working to add stock trading to their US platforms
Cryptocurrency exchanges

Robinhood drops on report crypto exchanges Bitstamp and Sam Bankman Fried’s FTX are working to add stock trading to their US platforms

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.”

How major US stock indexes fared Wednesday
USA finance

How major US stock indexes fared Wednesday

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.