News

Microsoft shareholders rejected a proposal that would've tasked the company's board of directors with considering investments in bitcoin as a means of diversifying its portfolio.

U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report.

The two Bitwise executives have worked tirelessly to get crypto exchange-traded funds approved by the SEC, and this year they finally succeeded.

As adoption grows, Bitcoin’s peer-to-peer system faces challenges from centralized control and institutional narratives.

Global equities were down and Wall Street indexes were mixed Tuesday and the dollar rose, as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week. Traders awaited U.S. inflation data due on Wednesday and a meeting by the European Central Bank on Thursday.

The crypto market is correcting for an “overextended exuberance” over the past few week.

(Bloomberg) -- The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectDC Business Leaders Welcome Return-to-Office Policy Under TrumpGlobal oil consumption should exceed o