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Dollar near 3-month low, weighed by Fed's dovish tilt

The dollar stood near its lowest level in three months against a resurgent euro, and traders pared earlier bets the Federal Reserve may move soon to taper its stimulus though markets were not fully convinced that higher U.S. inflation is transient. The dollar ...

Merkel's Twilight Months Cloud German Crisis Rebound: Eco Week

The Germany economy is enduring a moment of flux as it tries to shake off the coronavirus crisis, just as the era of Chancellor Angela Merkel draws to a close. In just four ...

First Warning Sign in the Global Commodity Boom Flashes in China

One pillar of this year's blistering commodities rally -- Chinese demand -- may be teetering. Beijing aced its economic recovery from the pandemic largely via an expansion in credit and a state-aided construction boom that sucked in raw materials from across ...

Ethereum Closes In on Long-Sought Fix to Cut Energy Use Over 99%

Software developers at Ethereum have been working for years to transition the blockchain to what's known as a proof-of-stake system -- which uses a totally different approach to secure the network that also eliminates the carbon emissions issue.

Bitcoin Punctuates Wild Week With a Fresh Bout of Volatility

The digital token slumped as much as 11% on Sunday, and traded 9.6% lower at $34,432 as of 11 a.m. in London. A day earlier, Bitcoin had climbed back above $38,000 following a tweet from Elon Musk in which the Tesla Inc. CEO said he supported crypto in ...

Asia shares wary of US inflation, Bitcoin tries to steady

Asian shares got off to a cautious start on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered on news of China's crackdown on mining and trading of the cryptocurrency.

Wall Street Tries to Make Sense of Confounding Swings in Bitcoin

Meanwhile, in a wide-ranging report, Goldman Sachs Group Inc. signaled that extreme swings hamper crypto's appeal for institutional investors. And Medley Global Advisors LLC warned of the threat of spillovers if Bitcoin drops well below $20,000.

Oil Trades Near $64 as Investors Track Virus Fight, Iran Talks

Oil traded near $64 a barrel as investors assessed further signs the U.S. is recovering from the pandemic against progress in talks to revive an Iranian nuclear deal that may spur increased global crude supply. West Texas Intermediate was 0.2% higher, after ...

Hong Kong Exchange's New CEO Is Put on Cleanup Duty

The veteran JPMorgan Chase & Co. banker who's taking the helm at Hong Kong's exchange has been put on cleanup duty. Chairman Laura Cha has handed Nicolas Aguzin, who takes charge Monday, the task of reviewing the exchange's practices after a ...

The Wall Street Journal

For Startup Leaders, SPACs Have Lost Their Allure

The Wall Street Journal

Skeptical CEOs say they are turning down offers from special-purpose acquisition companies, deleting their solicitous emails and tapping the brakes on merger deals amid nosediving shares and disappointed investors. So-called blank- ...