John McCrank

'Meme' stock prices may not properly reflect demand - NYSE president

Jun 16 2021

NEW YORK The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.

U.S. SEC chair signals sweeping review of exchange, broker rules

Jun 09 2021

WASHINGTON Gary Gensler, chair of the U.S. markets watchdog, has asked his staff to recommend rules for ensuring fair competition between exchanges and brokers, signaling a potentially major shake-up for the U.S. equities markets.

The crypto-space needs more regulation to grow, Novogratz says

Jun 09 2021

NEW YORK More regulation of the cryptocurrency space is needed to help institutional investors become more comfortable with digital assets and have the burgeoning asset class really take off, Mike Novogratz, founder of crypto investment firm Galaxy Digital said on Wednesday.

Dollar falls after U.S. jobs data dims hopes for Fed tightening

Jun 04 2021

NEW YORK The dollar fell on Friday after U.S. nonfarm payrolls data showed hiring increased in May as the pandemic eased, but not as much as expected, tempering expectations the Federal Reserve will tighten monetary policy sooner, rather than later.

FOREX-Dollar falls from three-week high after U.S. jobs data

Jun 04 2021

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds details from U.S. jobs report, analyst comment, updates prices)

Dollar little changed as traders seek direction from data

Jun 02 2021

NEW YORK The dollar was nearly flat on Wednesday in choppy trading, after backing off of an almost five-month trough versus major peers, as traders waited for employment data later in the week to paint a clearer picture of the state of the U.S. economic recovery.

Dollar edges up on manufacturing data after initial softness

Jun 01 2021

NEW YORK The dollar edged higher on Tuesday against a basket of peer currencies after U.S. manufacturing data showed a stronger-than-expected pickup in activity, even as labor shortages and a lack of raw materials weighed on production.

FOREX-Dollar softens after manufacturing data shows backlogs rising

Jun 01 2021

* ISM manufacturing data components weaker than headline number

Analysis: Retail investors learn to love the crypto rollercoaster

May 21 2021

NEW YORK When Brjánn Bettencourt rolled out of bed on Wednesday morning to find the assets in his cryptocurrency portfolio slammed in their biggest selloff in years, he knew exactly what to do: buy more. "Investing in crypto is not for the faint of heart," said Bettencourt, a 32-year-old photographer in Toronto who has owned bitcoin and ether over the last year-and-a-half to complement his stock portfolio. "I'm looking at this as a serious long-term investment."

World News