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Bitcoin futures slide after trading debut on CME

Bitcoin futures slide after trading debut on CME

Technology
Another security based on the price of bitcoin, the digital currency that has soared in value and volatility this year, began trading on the Chicago Mercantile Exchange on Sunday. The CME Group, which owns the exchange, opened up bitcoin futures for trading at 6 p.m. EST on Sunday. The futures contract that expires in January opened higher at $ 20,650, then declined steadily. The futures were trading at $ 18,895 at 10:30 p.m. EST. The CME futures, like the ones that CME competitor the Cboe started trading last week, do not involve actual bitcoin. The CME's futures will track an index of bitcoin prices pulled from several private exchanges. The Cboe's futures track the price of bitcoin prices on the particular private exchange known as Gemini. Each contract sold on the CME will be for five...
U.S Futures Lower For Third Day as Geopolitical Risks, Profit-Taking Lingers

U.S Futures Lower For Third Day as Geopolitical Risks, Profit-Taking Lingers

Finance
Shutterstock photoU.S. stock futures were trading lower for a third straight day as geopolitical tensions between the U.S. and North Korea dampened investor's appetite for risk and overshadowed upbeat corporate earnings from Macy's ( M ), 21st Century Fox ( FOXA ) and Kohl's ( KSS ).Unnerved by Pyongyang's latest threat to fire ballistic missiles at a U.S. territory by the middle of August, global investors sold equity assets and rotated into safe-havens like the U.S. 10-year Treasury note, gold, the Japanese yen and Swiss franc. The rotation is being amplified by profit-taking in most sectors with the notable exception of defense stocks with shares of Lockheed Martin ( LMT ), Ratheon ( RTN ) and Northrup Grumman (NOC) set to open at record highs.A contraction in producer prices -- an...