United States NEW YORK (Reuters) - The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history. Trillions of dollars in fiscal and monetary stimulus have made Wall Street flush with cash, pushing yield-seeking investors into equities. Amazon and other high growth technology-related stocks have been viewed as the most reliable to ride out the crisis. The S&P record confirms, according to a widely accepted definition, that Wall Street’s most closely followed...…United States NEW YORK (Reuters) - The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history. Trillions of dollars in fiscal and monetary stimulus have made Wall Street flush with cash, pushing yield-seeking investors into equities. Amazon and other high growth technology-related stocks have been viewed as the most reliable to ride out the crisis. The S&P record confirms, according to a widely accepted definition, that Wall Street’s most closely followed...WW…

United States NEW YORK (Reuters) - The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history. Trillions of dollars in fiscal and monetary stimulus have made Wall Street flush with cash, pushing yield-seeking investors into equities. Amazon and other high growth technology-related stocks have been viewed as the most reliable to ride out the crisis. The S&P record confirms, according to a widely accepted definition, that Wall Street’s most closely followed...…United States NEW YORK (Reuters) - The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history. Trillions of dollars in fiscal and monetary stimulus have made Wall Street flush with cash, pushing yield-seeking investors into equities. Amazon and other high growth technology-related stocks have been viewed as the most reliable to ride out the crisis. The S&P record confirms, according to a widely accepted definition, that Wall Street’s most closely followed...WW…

By NEW YORK (Reuters) - The dollar edged higher while the euro gave up earlier gains on Tuesday in choppy trading, as risk appetite soured after a top U.S. Senate official said negotiations in Congress on an additional stimulus package for the virus pandemic have not progressed.Slideshow Other safe havens such as the yen and Swiss franc attracted some bids as well, as they cut their losses against the dollar.U.S. Senate Republican leader Mitch McConnell said White House negotiators have not spoken on Tuesday with Democratic leaders in Congress on coronavirus aid legislation after talks...…By NEW YORK (Reuters) - The dollar edged higher while the euro gave up earlier gains on Tuesday in choppy trading, as risk appetite soured after a top U.S. Senate official said negotiations in Congress on an additional stimulus package for the virus pandemic have not progressed.Slideshow Other safe havens such as the yen and Swiss franc attracted some bids as well, as they cut their losses against the dollar.U.S. Senate Republican leader Mitch McConnell said White House negotiators have not spoken on Tuesday with Democratic leaders in Congress on coronavirus aid legislation after talks...WW…

Register now for FREE unlimited access to Reuters.comNEW YORK, March 31 (Reuters) - The U.S. dollar's share of currency reserves plunged in the fourth quarter last year to its lowest since 1995, International Monetary Fun (IMF) data showed on Wednesday, but some analysts said the drop was due in part to valuation adjustments.Global reserves, which are reported in U.S. dollars, are assets of central banks held in different currencies used primarily to support their liabilities. Central banks sometimes use reserves to help support their respective currencies.The greenback's share slid to 59%...…Register now for FREE unlimited access to Reuters.comNEW YORK, March 31 (Reuters) - The U.S. dollar's share of currency reserves plunged in the fourth quarter last year to its lowest since 1995, International Monetary Fun (IMF) data showed on Wednesday, but some analysts said the drop was due in part to valuation adjustments.Global reserves, which are reported in U.S. dollars, are assets of central banks held in different currencies used primarily to support their liabilities. Central banks sometimes use reserves to help support their respective currencies.The greenback's share slid to 59%...WW…

By , , TOKYO/LONDON/NEW YORK (Reuters) - Bitcoin dropped on Monday, falling from a record high above $60,000 over the weekend, as investors digested a potential ban from India on cryptocurrencies.The cryptocurrency had hit a record high of $61,781.83 on Saturday after U.S. President Joe Biden signed off on his $1.9 trillion fiscal stimulus and ordered an acceleration in vaccinations.Because some investors tend to see bitcoin as a hedge against inflation, analysts believe the rise of bitcoin has been helped by the prospects of a steep economic recovery.In afternoon trading, bitcoin was down...…By , , TOKYO/LONDON/NEW YORK (Reuters) - Bitcoin dropped on Monday, falling from a record high above $60,000 over the weekend, as investors digested a potential ban from India on cryptocurrencies.The cryptocurrency had hit a record high of $61,781.83 on Saturday after U.S. President Joe Biden signed off on his $1.9 trillion fiscal stimulus and ordered an acceleration in vaccinations.Because some investors tend to see bitcoin as a hedge against inflation, analysts believe the rise of bitcoin has been helped by the prospects of a steep economic recovery.In afternoon trading, bitcoin was down...WW…

By NEW YORK (Reuters) - Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94.The CME last week launched futures on ether, the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become...…By NEW YORK (Reuters) - Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94.The CME last week launched futures on ether, the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become...WW…

By , NEW YORK/LONDON (Reuters) - Bitcoin hit a market capitalization of $1 trillion as it rose to yet another record high on Friday, countering analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices.The world’s most popular cryptocurrency jumped to an all-time high of $56,399.99, posting a weekly gain of 14%. It has surged nearly 70% so far this month and was last up 8% at $55,664.Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.All digital...…By , NEW YORK/LONDON (Reuters) - Bitcoin hit a market capitalization of $1 trillion as it rose to yet another record high on Friday, countering analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices.The world’s most popular cryptocurrency jumped to an all-time high of $56,399.99, posting a weekly gain of 14%. It has surged nearly 70% so far this month and was last up 8% at $55,664.Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.All digital...WW…

By NEW YORK (Reuters) -The dollar fell from 10-day highs on Monday in a holiday-shortened week, as investors looked past concerns about a fast-spreading new coronavirus strain prevalent in Britain and focused on the U.S. stimulus package set to be voted on by Congress.Analysts said volatile moves are typical at this time of the year when volumes are thin.Market sentiment was helped as well by remarks from the World Health Organization, which tried to ease concerns about the latest virus mutation.WHO said on Monday coronavirus mutations had so far been much slower than with influenza and...…By NEW YORK (Reuters) -The dollar fell from 10-day highs on Monday in a holiday-shortened week, as investors looked past concerns about a fast-spreading new coronavirus strain prevalent in Britain and focused on the U.S. stimulus package set to be voted on by Congress.Analysts said volatile moves are typical at this time of the year when volumes are thin.Market sentiment was helped as well by remarks from the World Health Organization, which tried to ease concerns about the latest virus mutation.WHO said on Monday coronavirus mutations had so far been much slower than with influenza and...WW…

By NEW YORK (Reuters) - Berlin-based technology group IOTA said on Wednesday it has teamed up with several large corporations around the world such as Jaguar Land Rover and NTT Data in the launch of software that would grant consumers remote access and control of items such as cars and appliances.The software, called IOTA Access and developed by the University of Cambridge as well as a European start-up three years ago, also grants and revokes conditional access by individuals other than the user to the physical devices.IOTA, which specializes in distributed ledgers - a technology similar...…By NEW YORK (Reuters) - Berlin-based technology group IOTA said on Wednesday it has teamed up with several large corporations around the world such as Jaguar Land Rover and NTT Data in the launch of software that would grant consumers remote access and control of items such as cars and appliances.The software, called IOTA Access and developed by the University of Cambridge as well as a European start-up three years ago, also grants and revokes conditional access by individuals other than the user to the physical devices.IOTA, which specializes in distributed ledgers - a technology similar...WW…

By NEW YORK (Reuters) - Some investors are betting that a bout of election-induced volatility may be just the thing to give the battered dollar a reprieve from its months-long decline.Slideshow The dollar stands near its lowest level in 16 months after falling more than 9% from its March peak on lower U.S. yields and expectations of comparatively slower U.S. growth. Net futures bets on a lower dollar totaled $32.67 billion, close to their highest point in a decade, the latest data from the Commodity Futures Trading Commission showed.But the buck tends to rally around U.S. presidential...…By NEW YORK (Reuters) - Some investors are betting that a bout of election-induced volatility may be just the thing to give the battered dollar a reprieve from its months-long decline.Slideshow The dollar stands near its lowest level in 16 months after falling more than 9% from its March peak on lower U.S. yields and expectations of comparatively slower U.S. growth. Net futures bets on a lower dollar totaled $32.67 billion, close to their highest point in a decade, the latest data from the Commodity Futures Trading Commission showed.But the buck tends to rally around U.S. presidential...WW…