U.S. Markets closed

  • S&P 500

    3,785.38
    -33.45 (-0.88%)
     

  • Dow 30

    30,775.43
    -253.88 (-0.82%)
     

  • Nasdaq

    11,028.74
    -149.16 (-1.33%)
     

  • Russell 2000

    1,707.99
    -11.38 (-0.66%)
     

  • Crude Oil

    105.99
    -3.79 (-3.45%)
     

  • Gold

    1,807.20
    -10.30 (-0.57%)
     

  • Silver

    20.25
    -0.49 (-2.38%)
     

  • EUR/USD

    1.0488
    +0.0044 (+0.4195%)
     

  • 10-Yr Bond

    2.9720
    -0.1210 (-3.91%)
     

  • Vix

    28.71
    +0.55 (+1.95%)
     

  • GBP/USD

    1.2174
    +0.0052 (+0.4310%)
     

  • USD/JPY

    135.6940
    -0.8510 (-0.6232%)
     

  • BTC-USD

    19,024.57
    -1,246.36 (-6.15%)
     

  • CMC Crypto 200

    408.47
    -23.00 (-5.33%)
     

  • FTSE 100

    7,169.28
    -143.04 (-1.96%)
     

  • Nikkei 225

    26,393.04
    -411.56 (-1.54%)
     

China's Sichuan energy regulator to gather info on cryptomining - official

SHANGHAI, May 27 (Reuters) - China's Sichuan energy regulator will soon hold a meeting with local power companies to gather information on cryptomining, an official said.

China has vowed to crack down on bitcoin mining and trading, and Sichuan is a big cryptomining province.

The official confirmed the meeting after media reports that the Sichuan Energy Regulatory Office of National Energy Administration will hold a seminar on cryptomining on June 2.

(Reporting by Shanghai Newsroom; editing by John Stonestreet)

Recommended Stories

  • ‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today

    The super investor still sees opportunities ahead.

  • The FDA Just Handed BioNTech And Moderna A Gift — But Only One Jumped

    The FDA requested vaccine makers update their Covid shots to include an omicron-fighting element on Thursday, and BNTX stock surged.

  • Dow Jones Dives After Key Inflation Report

    The Dow Jones Industrial Average dived 575 points Thursday after a key inflation reading, threatening to extend this week's losses.

  • Here's how America's millionaires are positioning themselves for a recession ⁠— if you're doing something different, you might want to think twice

    We don’t advocate for theft. But stealing these strategies is a victimless crime.

  • Why Amazon, Apple, and Nvidia Are Falling Today

    Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) were all falling this morning after the Commerce Department reported its latest inflation figures, which showed inflation remains persistently high. The report said that the core personal consumption expenditures index rose 4.7% in May, only slightly less than expected and still a four-decade high. Technology investors have been watching inflation figures very closely, and with today's report, Amazon plunged 3.5%, Apple fell 2.4%, and Nvidia dropped 2.2%.

  • Solo Stove's fire pits are up to 45 percent off for July 4th

    Solo Stove knocks up to 45 percent off fire pits for July 4th, bringing the cheapest of the bunch down to $200.

  • 2 Biotechs That Recently Soared -- Are They Buys?

    The biotech industry is volatile. Case in point: Axsome Therapeutics (NASDAQ: AXSM) and DBV Technologies (NASDAQ: DBVT) -- two small-cap biotechs -- recently saw their shares explode following positive developments. Here is the rundown on these two biotechs.

  • Walgreens earnings top estimates, sales drop 4.2%

    Yahoo Finance Live anchors discuss third-quarter earnings for Walgreens.

  • Cathie Wood’s Latest Thoughts on Inflation and Her 10 Worst-Performing Stock Picks

    In this article, we discuss Cathie Wood’s latest thoughts on inflation and her 10 worst-performing stock picks. If you want to read about some more stocks in the Wood portfolio, go directly to Cathie Wood’s Latest Thoughts on Inflation and Her 5 Worst-Performing Stock Picks. Cathie Wood of ARK Investment Management has come under fire […]

  • SPAC Led by Former Apple Executive Goes Bankrupt Less Than a Year After Going Public

    (Bloomberg) -- Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday -- less than a year after going public through a merger with a blank-check company.Most Read from BloombergDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinThe Wheels Have Come Off Electric VehiclesSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAStocks Jolted by Recession Scare as Bonds Surge: Markets WrapTrump’s Final Scene Didn’t Go A

  • As Carnival, Royal Caribbean and Norwegian Sink, Here's When to Dive In

    These stocks are priced for an industry-wide calamity, but how realistic is that considering their customer base?

  • 10 Extreme Dividend Stocks With Upside Potential

    In this article, we will be taking a look at 10 extreme dividend stocks with upside potential. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Extreme Dividend Stocks with Upside Potential. Dividend investing has been an attractive prospect for individual investors and hedge funds alike for many years. […]

  • Tech stocks are having their worst year ever. Here's what history says happens next: Morning Brief

    What to watch in markets on Thursday, June 30, 2022.

  • Japan Airlines Considers Replacing Short-Haul Fleet: Bloomberg

    Japan Airlines Co Ltd (OTC: JAPSY) is considering replacing its older Boeing Co. (NYSE: BA) 737 short-haul fleet with more modern and fuel-efficient models, Bloomberg reported, citing people familiar with the matter. The airline operates 45 of the 737 jets with an average age of about 12.5 years and is currently deciding between the 737 Max range and Airbus SE's (OTC: EADSY) A320neo family, stated the report. An order could be for between 30 and 50 of the narrow-body jets. Japan is reportedly co

  • 2 “Strong Buy” Stocks That Are Too Cheap to Ignore

    The current market conditions – the NASDAQ is down 29% year-to-date, and the S&P 500 is down 21% – offer bargain hunters a target-rich environment. Plenty of sound stocks have seen their prices decline, pulled down by the general market headwinds and the overall stock trend, to levels that have left them too cheap to ignore. At this level, investors can find the benefits of cheap stocks, which offer both learning opportunities and strong upside potential. However, in evaluating stocks to buy, it

  • Germany seizes three Gazprom tankers in new blow for Putin - live updates

    Camelot loses legal battle to keep hold of National Lottery A defence spending cut – disguised by Boris Johnson's fiscal sleight of hand FTSE 100 falls 0.8pc as recession fears return Ben Marlow: Heathrow risks killing off the golden age of air travel Sign up here for our daily business briefing newsletter

  • Nio Stock Dips After Short-Seller Attack: Should You Worry?

    Nio (NYSE: NIO) stock is down this week after a short-seller attack. In Nio's case, Grizzly Research alleges the electric vehicle (EV) manufacturer used an "audacious scheme" to inflate its revenue and profitability, even likening it to the Valeant Pharmaceuticals scandal in which the company was found guilty of using related-party transactions to boost sales. The third party that Grizzly Research is referring to is linked to Nio's popular battery program, which is a major competitive advantage.

  • Micron forecasts fourth-quarter profit below estimates

    The outlook for memory chipmakers has worsened in recent months as surging inflation, China's cooling economy and the Russia-Ukraine war hit consumer spending on smartphones and personal computers, a crucial market for the industry. That has driven down chip prices and led to a build-up of inventories, with research firm TrendForce estimating a 3% to 8% drop in prices of DRAM chips during the third quarter of 2022. DRAM chips - widely used in data centers, personal computers, and other devices - account for two-thirds of Micron's revenue, and the company also makes NAND memory chips that serve the data storage market.

  • AMD Stock Approaches Key Support Amid Fall to New Lows

    Advanced Micro Devices is declining to new 52-week lows and is now down 54% from its all-time high just just seven months ago. For now, Micron's earnings report after the close remains a bit of a wildcard for semi-stock investors, as it sits on a critical support level. Regarding AMD stock specifically, the valuation has been pummeled, as the stock price has been more than halved while earnings estimates remain steady — at least so far.

  • ‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

    In order to actually get work done, I have pieced together childcare using the help of family and friends. Alternatively and preferably, hire another nanny for one or two days a week and pay that person a fair rate.