News

The brokerage said in a note on Thursday it expects Trump's trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and India to be less exposed to trade risks, and upgraded the top oil exporter to "overweight" from "underweight".

The potential deployment on a Bitcoin layer-2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.

Big global investors are exiting popular trades that bet on U.S. President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election's biggest market victims. After U.S. stocks and the dollar bounced on Trump's growth agenda and trade war fears pressured Chinese, European and emerging market assets, money managers are hunting for bargains in places where pessimism may have gone too far. "The thesis that Trump is good for the U.S. and bad for the rest of the world is a very common narrative," said John Roe, head of multi-asset funds at Legal & General Investment Management, which manages 1.2 trillion pounds ($1.52 trillion) of investments.

(Bloomberg) -- A pullback in the S&P 500 that’s already trimmed about a third off the index’s post-election rally is set to continue Friday, as sticky inflation and hawkish comments from the Federal Reserve weigh on sentiment.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissi

Surging bitcoin prices following the election of Donald Trump as the next US president have finally given Hong Kong's spot cryptocurrency exchange-traded funds (ETFs) a boost this week, with trading volume surging to a three-month high. Hong Kong's three ETFs that invest directly in bitcoin this week became active trading targets with about HK$135 million (US$17.3 million) changing hands on Tuesday. On most days since the ETFs launched in April, their total daily trading volume lingered below US

European shares opened lower while Asian stocks were mixed on Friday after U.S. stocks slipped as the market’s big rally following Trump's election victory cooled further. Britain’s FTSE 100 lost 0.4% to 8,038.17 after data from the Office for National Statistics showed economic growth slowed to 0.1% in the July-September quarter from the 0.5% in the previous quarter. The yen has been weakening against the U.S. dollar, boosting share prices for exporter like Nissan Motor Co., whose shares jumped 4.5% on Friday.

Federal Reserve Chairman Jerome Powell damped market expectations of quick interest rate cuts by citing the resilience of the economy and the need to adopt a measured approach.

The recent surge in Bitcoin (BTC) prices could well last into 2025 and see it reach highs of $180,000, said Matthew Sigel, head of digital assets research at VanEck.

The mastermind behind one of the most egregious cryptocurrency hacks, Ilya "Dutch" Lichtenstein, has been sentenced to five years in prison for his role in a 2016 hack.

The DeFi Education Fund has mounted a serious legal challenge against the U.S. Securities and Exchange Commission (SEC) in an effort to clip the agency's wings.