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Tag Archives: Wall Street

Crypto Stocks Take Steep Hit Compared to Wall Street in End of Week Drawdown

Stocks started off the week in a rally, with wide benchmarks like the S&P 500, NASDAQ Composite, and Dow Jones posting gains. But the rally fell off with a sharp pullback Friday on new worries of increasing Fed rate hikes. The retracement was nearly enough to wipe out the gains from earlier in the week, but not quite. Stocks Yikes: Strong Jobs Data Could Mean More Fed Rate Hikes As Joe Rennison and Isabella Simonetti at the New York Times explain, new hires slowed some in...

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The Fed Wants to Pave the Way for Crypto

The Fed has done a sudden reversal of the mind and is calling for Wall Street to put systems in place that will allow banks and other standard financial institutions to better deal with the growing crypto space. The Fed Thinks Crypto Should Be Studied The Fed appears to have been hellbent as of late on bringing the crypto space to its knees. The organization has done nothing but hike interest rates over the past few months as a means of trying to lower inflation....

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