Venezuela’s Currency Is Doing Even Worse Than Previously Thought

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Venezuela’s currency is worth even less than previously believed, with new trackers of the black-market rate showing deep discounts compared with the long-standing benchmark gauge. Rates from the widely watched Dolartoday.com, known for arousing President Nicolas Maduro’s ire on state … Continued

U.S. Stocks Surge to Cap Wild Quarter, Bonds Gain: Markets Wrap

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Europe stocks rise third day; Amazon recovers from Trump tweet Treasury 10-year yields fall below 2.75% after consumer data data showed U.S. consumer spending lagged behind income growth for a second month in February. Volumes were subdued ahead of a … Continued

Asian Stocks Fall as Traders Await Powell Hearing: Markets Wrap

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Asian stocks started March on a weak footing after U.S. shares tumbled in afternoon trading Wednesday. Treasuries and the dollar held gains as traders awaited a second appearance from Federal Reserve Chairman Jerome Powell, whose comments riled markets earlier this … Continued

Short-End Treasuries Fall, Asia Stocks Trade Flat: Markets Wrap

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Asian stocks traded mixed following a decline in their American counterparts while shorter-dated U.S. Treasuries extended losses amid a massive debt issuance. The dollar steadied after Tuesday’s gains. Japanese and Australian shares recouped early losses to trade little changed, while … Continued

Stock Rally Continues in Asia; Yen Fluctuates: Markets Wrap

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Japanese stocks extended a rally in global equities and the yen traded around a 15-month high, with trading muted due to holiday closures across Asia. Australian shares were also higher, but with most major markets across Asia Pacific shut for … Continued

U.S. Stocks Drop as Treasury Selloff Gains Steam: Markets Wrap

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U.S. stocks and Treasuries fell in tandem Thursday ahead of a slew of technology earnings, as the threat of higher rates from the Federal Reserve continued to rattle equity markets coming off their best month since March 2016. The Nasdaq … Continued

U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether

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U.S. regulators are scrutinizing one of the world’s largest cryptocurrency exchanges as questions mount over a digital token linked to its backers. The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company … Continued

Stocks Fall Most in 2018 as Treasury Yields Climb: Markets Wrap

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The Standard & Poor’s 500 Index declined by the most since September and yields on benchmark Treasuries touched the highest levels since early 2014 as traders gear up for a hectic week of data and policy announcements. The dollar strengthened … Continued