Not only have those stocks outperformed the primary cryptocurrency, but they’ve been among the biggest gainers across the whole U.S. market. In the universe of publicly traded U.S. businesses with a market value of at least $5 billion, the four bitcoin-tied stocks were among the eight best performers, according to FactSet. The crypto boom represents … Read more
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Mastercard told CNBC exclusively Monday that it’s partnered with Feedzai, a regulatory technology platform, to improve monitoring and blocking of fraud in crypto. Feedzai will integrate with Mastercard’s CipherTrace Armade platform, which is used to help banks monitor transactions from over 6,000 crypto exchanges for fraud. The move marks a major push from Mastercard into … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
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Markets rallied on a successful Arm IPO and decent economic data. UAW members walked out of three key auto plants. More airlines are warning about fuel costs. Here are the most important news items that investors need to start their trading day: The Dow Jones Industrial Average saw its best day in more than a … Read more
Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Beset by worriesMajor U.S. indexes tumbled, weighed down by losses in … Read more