CME Group on Thursday announced the upcoming launch of XRP (CRYPTO: XRP) futures contracts on May 19, subject to regulatory approval, marking a significant expansion of its cryptocurrency derivatives offering.
A number of stocks jumped in the morning session after President Trump clarified that he had no intention of removing Federal Reserve Chair Jerome Powell, a statement that helped calm markets. Earlier remarks had sparked fears of political interference in decision-making at the central bank.
With Trump walking back his earlier comments, investors likely felt more assured that monetary policy decisions would continue to be guided by data, not drama. That kept the Fed's word credible, and more importantly, gave investors a steadier compass to figure out where rates and the markets were headed next.
Crypto-linked equities extended their rally in pre-market trade on Wednesday, with gains in Strategy, Cipher Mining, Robinhood, and other stocks building on Tuesday’s strong performance.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 8.7% in the afternoon session after crypto-linked stocks rebounded sharply as Bitcoin broke above the $90,000 mark, reinforcing investor confidence in digital assets. The rally coincided with a weakening US dollar, which appeared to boost demand for assets considered alternative stores of value. Crypto, especially Bitcoin, has been evolving to be one of those spots people flock to when they're worried about inflation or the dollar losing value.
New filings from the Federal Election Commission show that several major players in the cryptocurrency industry donated a combined total of over $12.27 million to President Donald Trump's 2025 in
Commission-free trading platform Robinhood Markets Inc. (NASDAQ:HOOD) has seen cryptocurrencies take a larger share of its reported revenues in recent years, rendering it susceptible to their market movements to some extent.
Just as decluttering a home brings clarity and calm, conducting a financial spring cleaning can help gain control, reduce stress and set the stage for future success. Here are key steps to consider.
Webull Corporation (NASDAQ: BULL) shares are trading lower Thursday extending a volatile first week of public trading following its SPAC merger with SK Growth Opportunities.
Wall Street has set ambitious price targets for the stocks in this article.
While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
On Wednesday, Cathie Wood-led Ark Invest made significant trades, notably acquiring shares in Robinhood Markets Inc. (NASDAQ:HOOD), ARK 21Shares Bitcoin ETF (BATS:ARKB), and 3iQ S
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
