The Daily Chase: U.S. futures slip; ex-Bridging CEO closed account amid probe, OSC says VIDEO SIGN OUT
Futures are pointing to a weak open as stocks wobble at the start of this new trading week. While last week brought three different measures of inflation in the United States, this one is decidedly lighter on obvious catalysts. Though investors will get more details on the U.S. Federal Reserveâs thinking on Wednesday with the release of minutes from the central bankâs last policy meeting. And this morning we can expect to hear more talk on transitory trends with a speech from Fed Vice-Chair Richard Clarida shortly after 10 a.m. ET.
Bankers flee Wall Street, head home to virus-free Australia
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Fleeing Wall Street, bankers head home to virus-free Australia
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(May 15): Cryptocurrency-exposed stocks are recovering from a bloody four-day slide that had wiped out roughly $6.1 billion in value from a basket of companies tied to the fortunes of the volatile digital-asset world.
Marathon Digital Holdings Inc.’s 17% jump led the way on Friday, as the shares halted a nine day losing streak. The gains come as Bitcoin climbs back from a slide of more than 15% on Thursday. Tesla Inc. Chief Executive Officer Elon Musk triggered the volatility late Wednesday by souring on the token’s energy demands. Microstrategy Inc. rose 6.8% on Friday, while Mike Novogratz’s Galaxy Digital Holdings jumped 16% for the best day in a month.