U.S. Rep. Maxine Waters, a California Democrat who heads the House Financial Services Committee, tells Federal Reserve Chair Jerome Powell that regulators aren't prepared for the emergence of cryptocurrencies, amid gnawing fears that Facebook's proposed digital currency, Libra, might serve to erode the supremacy of the U.S. dollar in the global financial system.
Bitcoin, the most valuable cryptocurrency, was experiencing some big price swings on Wednesday.
Last-hour buying sent the indexes into positive territory, but breadth remained negative, oil-related stocks were brutalized as money flowed into precious metals, bitcoin and bonds.
There has been some correlation lately between gold and bitcoin.
Facebook's Libra has dominated crypto market headlines as of late, but bitcoin 'halving' is an equally important factor behind the flagship cryptocurrency's recent price jump.
Russia and Saudi Arabia have agreed to extend by six to nine months a deal with OPEC on curbing oil production -- a move meant to keep global supplies at or below current levels, Russian President Vladimir Putin said at the G-20 summit on Saturday.
We all would love to have a crystal ball in predicting the course of the last half of this year - but mine, to be honest, is fairly cloudy.