The 4% drop to $42,000 cooled the overheated crypto perpetual futures market and paved the way for a steady rise through the end of the year. Perpetuals are futures with no expiration date with a funding rate mechanism that helps tie the prices of the perpetuals to the index price. Funding rates are regular payments … [Read more…]
U.S. stocks rose before the bell on Thursday, on track for their best month this year, as investors continued to bet on interest rate cuts after key consumer inflation numbers. Dow Jones Industrial Average futures (^DJI) rose about 0.6%, or over 200 points, while S&P 500 futures (^GSPC) rose about 0.3%. Futures on the tech-heavy … [Read more…]
Comment on this storyCommentAdd to your saved storiesSave The Biden administration’s efforts to encourage more Americans to buy electric vehicles are falling short of expectations as consumers worry about prices, battery range and a lack of charging stations. U.S. sales of all-electric cars are still growing rapidly — up more than 50 percent this year … [Read more…]