The popular online brokerage abruptly curbed trading in cryptocurrencies just as bitcoin hit a record, catching investors in one of the hottest corners of the market off guard.
Commodity/Financial Market News
Two platforms mainly catering to small businesses are trading at levels reflecting speculation that sales growth will continue at a brisk pace when the pandemic ends.
Shares in one of Chinas top telemedicine providers surged on their Hong Kong debut, reflecting how Chinese technology companies have reinvigorated the citys stock market.
The House unanimously approved legislation that threatens a trading ban of shares of Chinese companies, such as Alibaba, over concerns that their audits arent sufficiently regulated.
Lawmakers next week are likely to force Chinese companies with shares traded on American exchanges to finally comply with audit-oversight rulesor leave U.S. markets altogether.
Much of the value of the winners of the pandemic stock market like Apple, Alphabet and Twitter lies in the hope of earnings many years in the future. But that means they are more exposed to the unexpected threats that will emerge given more time.