UK to mint its own NFT and push forward with crypto regulation

In this photo illustration a novelty Bitcoin token is photographed on £10 notes. Matt Cardy | Getty Images LONDON — The UK government on Monday announced plans to mint its own non-fungible token, as part of a push toward becoming a “world leader” in the cryptocurrency space. Finance Minister Rishi Sunak has asked the Royal … Read more

5 things to know before the stock market opens Monday, April 4

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady; key Treasury spreads remain inverted Traders on the floor of the NYSE, March 31, 2022. Source: NYSE US stock futures were mixed Monday, with the tech-heavy Nasdaq looking modestly higher. Twitter shares soared … Read more

Joe Manchin opposes SEC climate disclosure rule

Chairman Joe Manchin, DW.Va., conducts a Senate Energy and Natural Resources Committee hearing on domestic and international energy price trends, in Dirksen Building on Tuesday, November 16, 2021. tom williams | CQ-Roll Call, Inc. | Getty Images Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the … Read more

Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media company

Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. jim watson | AFP | Getty Images Tesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed. Musk owns 73,486,938 shares of Twitter, … Read more

Treasury yields invert ahead of Fed minutes

US Treasury yields inverted on Monday morning, with investors remaining focused on Federal Reserve policy, ahead of the central bank’s latest meeting minutes due out later in the week. The yield on the 2-year Treasury yield was up less than basis point to 2.4384 at 4:25 am ET, while the benchmark 10-year Treasury note rose … Read more

Chinese tech stocks jump as Hong Kong leads gains among Asia-Pacific markets

SINGAPORE — Hong Kong’s Hang Seng index led gains among the major Asia-Pacific markets on Monday as Chinese tech stocks in the city jumped. In morning trade, the Hang Seng index gained about 1% as shares of Tencent surged 2.16%. Other Chinese tech stocks also rose, with Alibaba up 2.64% while NetEase soared 4.91%. Markets … Read more

Asia-Pacific stocks mixed; mainland China markets closed

SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, as investors continue to monitor the US Treasury yield curve. The Nikkei 225 in Japan slipped fractionally as shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%. South Korea’s Kospi dipped 0.49%. Elsewhere in Australia, the S&P/ASX 200 rose 0.43%. MSCI’s … Read more

Stock futures are flat after S&P 500 notches third straight week of gains

Traders on the floor of the NYSE, March 25, 2022. Source: NYSE US stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slide 14 points. S&P 500 futures were flat, while Nasdaq 100 futures declined … Read more

Marriott, Hilton, Hyatt and other hotels crack down on human trafficking

Human trafficking generates about $150 billion a year globally in illegal profits, according to the International Labor Organization, and poses a complicated challenge for major hotel chains. In 2020 there were more than 10,000 reported cases of human trafficking in the US, with 72% of those related to sex trafficking, according to the National Human … Read more

Gold price kicks off Q2 with $30 losses, but $2k mark expected to be hit soon – analysts

(Kitco News) After a stellar first quarter, gold’s April trading started on a sour note as prices dropped $30 on the day amid rising yields. But analysts are keeping a close eye on the 2-year and the 10-year Treasury yields and what the inversion means for gold. The main event Friday was not the highly-anticipated … Read more