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How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

Finance
With another volatile plunge Friday, the Dow Jones industrial average has traveled more than 22,000 points this week. The stock index closed more than 1 percent higher, bringing its weekly losses to the worst since January 2016. Earlier in the session, the Dow was tracking for its worst week since October 2008, during the financial crisis. CNBC tracked the volatile moves of the Dow this week to calculate the number of points the index has moved. In the past five trading days, including Friday, the Dow has traded about 20,000 points back and forth in a roughly 2,000-point trading range. Stocks have plunged in the last week as traders worried about rising interest rates and inflation, bringing an end to more than a year of historically low volatility. On Monday, the S&P 500 broke its lon...
More than 1 million people sign up for early access to Robinhood's new crypto trading service

More than 1 million people sign up for early access to Robinhood's new crypto trading service

Finance
In the latest sign of tremendous interest in cryptocurrencies, more than 1 million people have joined the waitlist for Robinhood Crypto in just four days. No-fee stock trading app Robinhood announced Thursday it was rolling out commission-free trading in digital currencies bitcoin and ethereum beginning in February. Although the service will initially only be available in just five states, within one day after that announcement hundreds of thousands of people had indicated they wanted to be notified about "early access" to cryptocurrency trading. Around 1 p.m., ET, Monday, that number had more than doubled to 1 million. If all those sign-ups become Robinhood Crypto customers, that will mark an increase of more than 30 percent to the company's overall user base of more than 3 million. "Desp...
Oil prices flutter around even in light trading

Oil prices flutter around even in light trading

Business
Jan. 15 (UPI) -- Light trading on the U.S. federal holiday left crude oil prices around neutral, but still marching closer to $ 70 per barrel, potentially on geopolitical risk.Markets in the United States are closed as the nation commemorates the legacy of civil rights leader Martin Luther King Jr.On Friday, markets wavered but eventually rallied after U.S. President Donald Trump decided to extend a waiver on oil-related sanctions for Iran under the terms of the multilateral Joint Comprehensive Plan of Action. The president must regularly weigh sanctions and not extending them would've pulled the estimated 1 million barrels of Iranian oil flowing in the global market, and inevitably led to the end of the agreement.On its face, the wavier would've sent oil prices lower because it left Irani...
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...
Monarch flights cancelled as airline ceases trading

Monarch flights cancelled as airline ceases trading

Business
Media playback is unsupported on your deviceMonarch Airlines has ceased trading and its 300,000 future bookings for flights and holidays have been cancelled, the Civil Aviation Authority has said.More than 30 planes are being sent to bring back about 110,000 customers who are overseas - described as the UK's "biggest ever peacetime repatriation".Terror attacks in Tunisia and Egypt, increased competition, and the weak pound have been blamed for its demise.Monarch employs about 2,100 people and reported a £291m loss last year.The airline - the UK's fifth biggest and the country's largest ever to collapse - was placed in administration at 04:00 BST - a time when there were no Monarch planes in the air. Passengers were then sent text messages informing them flights had been cancelled - but som