Trading volume on Binance.US is evaporating as the cryptocurrency exchange’s fight with US regulators intensifies. As of August, monthly trading volume has declined 98% from January 2022, according to researcher CCData, and is on track to drop further in September. The American operations of Changpeng Zhao’s crypto empire had $115.7 million in volume through Sept. … Read more
Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy. Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists at the investment bank including … Read more
A worrisome thought for the stock faithful: You won’t have the bears to kick around anymore. Fresh off the strongest first half for the S&P 500 in five years, the rooting out of unbelievers has shown signs of picking up speed. A source of anxious buying when the tide turned upward, short sellers who came … Read more