This week’s muted action in bitcoin – the price has essentially stayed in the $67,000-$69,000 range – came alongside struggles for other risk assets, U.S. stocks amongst them. While still remaining close to all-time highs, the Nasdaq is lower by about 2% this week, while the S&P 500 is off by roughly 1.5%.
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- Morningstar DBRS Lowers Milton’s Underwriting Loss Estimate to $30-60 Billion According to Reuters
- Indonesian stock markets rise at close of session; The IDX Composite Index rose 0.65% According to Investing.com
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- Nippon Steel to sell Calvert JV to ArcelorMittal if Reuters completes US Steel deal
- Türkiye condemns Israeli attacks on UN peacekeeping forces in Lebanon. According to Reuters
- Boeing files unfair labor practice charges against striking Reuters union
- CIBC donates US$100,000 to support Hurricane Milton relief efforts By Investing.com