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Indeed, the dollar has gained in recent weeks even as yields on benchmark 10-year U.S. Treasury notes fell to more than three-month lows of 1.42% on Friday. Against a basket of its rivals, the greenback edged higher to 90.5 after rising as much as 0.4% last week, its biggest weekly rise since early May. In the week ended June 8, speculators had ratcheted up net short positions to the highest in nearly three months at $18.35 billion. Caution ahead of the Fed meeting also pushed a Deutsche Bank gauge of implied currency-market volatility to the lowest since February of last year, dropping around 10% since the start of the month. Against the dollar and the euro, the pound weakened as much as 0.2% in early London trading.
Persons: , John Marley, bitcoin, Elon Musk Organizations: Federal Reserve, European Central Bank, Treasury, , ., Deutsche Bank, Tesla Inc Locations: London, Britain, COVID
An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. Currency markets settled in tight ranges with implied volatility plumbing to multi-year lows after last week's strong inflation readings and a dovish European Central Bank meeting failed to dislodge currencies from recent trading levels. The dollar index , which measures the greenback against a basket of six currencies, was up 0.1% at 90.427. Last week the index rose 0.4%, its largest weekly change in five weeks. Muted FX moves in recent weeks crushed the Deutsche Bank FX Volatility Index (.DBCVIX) down to 5.6 on Friday, its lowest in nearly 16 months.
Persons: Jo Yong, we'll, Brad Bechtel, Jerome, Powell, Bechtel, John Marley, Sterling, bitcoin, Elon Musk Organizations: Korea Exchange Bank, REUTERS, Federal Reserve, European Central Bank, FX, Jefferies, Deutsche Bank, Tesla Inc, Thomson Locations: Seoul, London, Britain, COVID
REUTERS/Carlo Allegri/File PhotoThe S&P 500 and the Dow eased on Monday, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal Reserve's meeting this week on the central bank's outlook on inflation and the future of bond purchases. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. Healthcare (.SPXHC) and financials were the biggest drag on the S&P 500 on Monday, while technology (.SPLRCT) and consumer discretionary (.SPLRCD) provided the biggest boost. The S&P 500 posted 16 new 52-week highs and no new low, while the Nasdaq recorded 136 new highs and seven new lows.
Persons: Carlo Allegri, Dow, Thomas Hayes, financials, Steve Burns, Julio Rodriguez, Tesla, Elon Musk Organizations: New York Stock Exchange, REUTERS, Nasdaq, Tesla Inc, Apple Inc, Amazon.com Inc, Fed, Dow, Great, Great Hill Capital, Healthcare, Dow Jones, Lordstown Motors Corp, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
Dollar on front foot as traders look to Fed for direction
  + stars: | 2021-06-14 | by ( Kevin Buckland | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. The yen fell 0.1% to 109.750 per dollar, after weakening to 109.840 on Friday for the first time since June 4. “Over the past month there appears to have been a growing chorus that the time to talk about tapering bond purchases had been reached,” Wong added. The digital token has fluctuated on either side of $35,000 over the past month, dipping to near $31,000 at one point last week. Rival ether remained stuck around $2,500, the middle of a narrowing trading range spanning the past month.
Persons: Dado Ruvic, Jason Wong, ” Wong, ” Morgan Stanley, bitcoin, Elon Musk Organizations: U.S, REUTERS, NAB, Federal, Market, Fed, Deutsche Bank, Tesla Inc, RIC Locations: TOKYO, Asia, Tokyo
Dollar stands tall in big week for FX markets
  + stars: | 2021-06-14 | by ( Saikat Chatterjee | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. Against a basket of its rivals, the greenback steadied at 90.5 in early London trading after rising as much as 0.4% last week, its biggest weekly rise since early May. The dollar’s gains were aided by some unwinding of short dollar bets. In the week ended June 8, speculators had ratcheted up net short positions to the highest in nearly three months at $18.35 billion. Against the dollar and the euro, the pound weakened as much as 0.2% in early London trading.
Persons: Dado Ruvic, bitcoin, Elon Musk Organizations: Reserve, REUTERS, , ., Deutsche Bank, Tesla Inc Locations: London, Britain, COVID
Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado Ruvic/IllustrationBitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk's views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said on Twitter on Sunday. Musk has taken issue with the vast computing power required to process bitcoin transactions and in early June posted messages appearing to lament a breakup with bitcoin.
Persons: Dado Ruvic, Bitcoin, Elon Musk, Tesla, Musk, Simon Peters, MicroStrategy, Bobby Ong, Musk's, Magda Wierzycka, bitcoin Organizations: Tesla, REUTERS, Twitter, BTC, Thomson Locations: Asia, China
Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk's views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said on Twitter on Sunday. 1/4 Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. Musk has taken issue with the vast computing power required to process bitcoin transactions and in early June posted messages appearing to lament a breakup with bitcoin.
Persons: Bitcoin, Elon Musk, Tesla, Musk, Simon Peters, Paul Tudor Jones, Dado Ruvic, MicroStrategy, Bobby Ong, Musk's, Magda Wierzycka, bitcoin Organizations: Twitter, eToro, CNBC, Tesla, REUTERS, BTC, Thomson Locations: China
Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others
  + stars: | 2021-06-14 | by ( Paul Vigna | ) www.wsj.com sentiment -1.00   time to read: +1 min
Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter. Mr. Musk is widely blamed by investors for starting the digital currency’s most punishing slide of the year after announcing on Twitter that Tesla would stop accepting bitcoin as payment for its electric vehicles. He added fuel to the fire earlier this month, tweeting breakup memes with “#bitcoin” and a broken-heart emoji. Bitcoin has slumped 30% since the original May 12 tweet. Some have touted bitcoin as a store of value, or a more modern version of gold.
Persons: Elon, bitcoin, Musk, Tesla, Bitcoin Organizations: Tesla, ” Software, MicroStrategy Inc, Inc
Bitcoin pops 10% after Musk suggests Tesla could accept the cryptocurrency again
  + stars: | 2021-06-14 | by ( Eustance Huang | ) www.cnbc.com sentiment -0.95   time to read: +1 min
Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Bitcoin's price surged Sunday evening stateside after Tesla CEO Elon Musk said the electric vehicle maker could accept bitcoin transactions again in future. ET Sunday, Bitcoin surged 10.2% to $38,903.23, according to data from Coindesk. Those gains came after Musk said Sunday that Tesla will resume allowing bitcoin transactions "when there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend." Crypto mining requires massive amounts of energy to fuel powerful computers — bitcoin mining consumes more energy than entire countries such as Finland and Belgium, according to the Cambridge Bitcoin Electricity Consumption Index.
Persons: Elon Musk, Bitcoin, bitcoin, Musk, Tesla, Teslas Organizations: SpaceX, Tesla, bitcoin, Cambridge Locations: Washington ,, Coindesk, Finland, Belgium
Asia-Pacific stocks mixed; bitcoin surges following Musk comments
  + stars: | 2021-06-14 | by ( Eustance Huang | ) www.cnbc.com sentiment -1.00   time to read: +1 min
SINGAPORE — Shares in Asia-Pacific were mixed in Monday trade, with multiple major markets in the region closed for holidays. Official data released Monday showed Japan's seasonally adjusted index for production rising 2.9% in April from the previous month. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.17% lower. In the cryptocurrency space, bitcoin jumped to trade at $39,292.37 as of 12:48 a.m. Those gains came after Tesla CEO Elon Musk said the electric vehicle maker will resume bitcoin transactions once it confirms " reasonable (~50%) clean energy usage by miners with positive future trend."
Persons: Korea's Kospi, bitcoin, Elon Musk Organizations: Nikkei, Singapore's Straits, BSE, Japan, Tesla Locations: SINGAPORE, Asia, Pacific, Japan, Southeast Asia, India, Coindesk, Australia, China, Hong Kong
Bitcoin jumps after Musk says Tesla could use it again
  + stars: | 2021-06-14 | by ( ) www.reuters.com + 0.00   time to read: +3 min
Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado Ruvic/IllustrationBitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk's views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said on Twitter on Sunday. Musk has taken issue with the vast computing power required to process bitcoin transactions and in early June posted messages appearing to lament a breakup with bitcoin.
Persons: Dado Ruvic, Elon Musk, Tesla, Bitcoin, Musk, Elon Musk's, Bobby Ong, MicroStrategy, Musk's, Magda Wierzycka, bitcoin Organizations: Tesla, REUTERS, Twitter, BTC, Thomson Locations: Asia, China
(CNN Business) Elon Musk is sending bitcoin's price on another volatile ride. Tesla TSLA The price of bitcoin is surging afterCEO Elon Musk tweeted Sunday that the electric car company would start accepting the cryptocurrency again once at least half of it can be mined using clean energy. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk tweeted Sunday afternoon. Musk did not say anything about how he expected clean energy usage to be monitored, nor did his company immediately respond to a request from CNN Business for comment. The cryptocurrency's price jumped to more than $39,400 by early Monday morning — about a 12.5% jump from the day before, according to Coinbase
Persons: Elon Musk, Tesla, Musk Organizations: CNN Business
The winner's name will be released in the coming weeks, and they will sit aboard the craft with founder Jeff Bezos and his brother. Here's how tech companies reacted to Trump-era government demands for data on journalists and political rivals. Instacart is building a $1 billion advertising business that's trying to rival Facebook and Google. In 1953 a scientist predicted a person titled "Elon" would lead humans to Mars. An Amazon employee's husband was sentenced to prison for insider trading — and earning a $1.4 million profit.
Persons: Let's, Jeff Bezos, Apple, Elon, Wernher Von Braun, Viky Bohra, Miami partied, Billing, Travis Kalanick's CloudKitchens, Read, Jordan Erb Organizations: Shepard, Trump, Facebook, Google, Amazon, Apple, Tesla, COVID Locations: Tech, American, Miami
Elon Musk said Tesla would accept Bitcoin payments again once "mining" uses 50% renewable energy. Tesla started accepting Bitcoin in March, then stopped in May, citing environmental concerns. Tesla will resume accepting bitcoin payments for its cars once miners of the cryptocurrency can show they are using roughly 50% clean energy, CEO Elon Musk said in a tweet on Sunday. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said. This is the first time Musk has detailed the conditions where the company would start accepting Bitcoin again.
Persons: Elon Musk, Tesla, Bitcoin, Musk, Magda Wierzycka, Sygnia, Wierzycka Organizations: BTC, Cambridge University Locations: Bitcoin, China
There are possible hiccups in Tesla's battery development that have lowered the ceiling for the stock, according to investment firm Canaccord Genuity. Elon Musk's auto company kicked off deliveries of its new Model S Plaid last week, but Tesla scrapped a higher price version of the car. Canaccord analyst Jed Dorsheimer praised the Plaid in a note to clients said the failed upgraded version could signal struggles for Tesla's battery business. Dorsheimer cut his price target on the stock to $812 per share from $974.
Persons: Canaccord Genuity, Elon, Tesla, Jed Dorsheimer, Dorsheimer Organizations: Elon Musk's, Plaid
Elon Musk tweeted that he planned to sell his last remaining house, located in California's Bay Area. Musk called the property a "special place" and said he wanted to sell it to a large family. Tech billionaire Elon Musk said Monday that he planned to sell his "last remaining house." Musk called the property, in California's Bay Area, a "special place" and said he wanted to sell it to a large family. Read more: Elon Musk is Tesla's most visible leader, but not its only one.
Persons: Elon Musk, Musk, Tesla, Mathias Döpfner, Axel Springer Organizations: Tech, SpaceX Locations: California's Bay, Mars, California, Texas, Boca Chica , Texas
Airline stocks have soared. They're not in the clear yet
  + stars: | 2021-06-14 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +6 min
A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) Air travel in the United States is back. That's great news for airline stocks, which have rallied this year on hopes that domestic trips would make a return. The problem: Demand for business travel and long-haul flights, a crucial source of income, is still extremely depressed. What a difference a year makes, my CNN Business colleague Chris Isidore writes.
Persons: Darby LaJoye, months.has, American Airlines AAL, Ed Bastian, Bastian, Boris Johnson, Johnson, Joe Biden, Tesla, Elon Musk, bitcoin, Bitcoin, Musk, There's, General Motors GM Mary Barra, Chris Isidore, Morgan Stanley Organizations: CNN Business, Bell, Air, Transportation Security Administration, TSA, American Airlines, Brent, Easyjet, British Airways, IAG, Budget, Bank of America, GM, General Motors GM, Volkswagen Locations: London, United States, COVID, Europe, India, England, United Kingdom, China, Czech Republic, Qatar, Italy, Saudi Arabia, Barra
Here are Monday's biggest analyst calls of the day: Wendy's, Microsoft, FedEx, Peloton, Tesla & morePublished Mon, Jun 14 2021 8:29 AM EDT
Organizations: Microsoft, FedEx
7 key things that happened in crypto over the past week
  + stars: | 2021-06-14 | by ( Taylor Locke | ) www.cnbc.com + 0.00   time to read: +4 min
It was another busy week in the crypto world, from El Salvador adopting bitcoin as legal tender to a CryptoPunk NFT selling for a record amount. In case you missed it, here are seven things worth knowing about what happened in crypto over the last week. "The threats posted by crypto show that Congress and federal regulators can't continue to hide out, hoping that crypto will go away. Bitcoin 2021 Conference attendees report testing positive for Covid-19Several attendees of the Bitcoin 2021 Conference in Miami, Florida, last weekend have tested positive for Covid-19. CryptoPunk NFT sells for record $11.7 million at Sotheby's auctionA rare CryptoPunk sold on Thursday at Sotheby's for over $11.7 million.
Persons: bitcoin, Sen, Elizabeth Warren, Cryptocurrency, Warren, CryptoPunk NFT, Shalom Meckenzie, Fred Thiel, Smart, Elon, Tesla Organizations: El, FBI, Colonial Pipeline, Department, CNBC, Federal Reserve, Miami, Marathon Digital Holdings Locations: El Salvador, bitcoin, U.S, Miami , Florida, Sotheby's, DraftKings
U.S. stock futures were flat Monday after the S&P 500 eked out another record close Friday. The S&P 500 rose 0.4% for the week, notching a three-week winning streak. The Nasdaq 's gain Friday put the tech-heavy index within 0.5% of its record close in late April. The Dow 's slight advance Friday inched the 30-stock average less than 1% closer to last month's record close. (CNBC)AstraZeneca's (AZN) Covid vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency's Covid-19 task force.
Persons: Dow, Bitcoin, Elon Musk, Tesla, Steve Burns, Julio Rodriguez, Lordstown, Novavax, Marco Cavaleri, Boris Johnson, Joe Biden, Biden, Donald Trump, Vladimir Putin, Naftali Bennett, Benjamin Netanyahu, Netanyahu, Jeff Bezos, Mark, Ernie ’, Bert ’ Organizations: Nasdaq, Dow, CNBC, bitcoin, Lordstown Motors, Biotech, FDA, European Medicines, NATO, Sunday, Royal, Shell, Reuters, Washington, Nintendo, Microsoft, Ubisoft, Enix, Origin, Amazon, Shepard Locations: Mexico, India, Covid, Belgium, Brussels, China, Russia, United States, Europe, Geneva, Switzerland, Texas
Jim Cramer on bitcoin moving on comments from Elon Musk and Paul Tudor Jones
  + stars: | 2021-06-14 | by ( ) www.cnbc.com sentiment -0.96   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer on bitcoin moving on comments from Elon Musk and Paul Tudor JonesBitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future. The cryptocurrency then took another leg higher above $40,000 on bullish comments by legendary investor Paul Tudor Jones. CNBC's Jim Cramer and Scott Wapner discuss.
Persons: Jim Cramer, Elon Musk, Paul Tudor Jones, CNBC's Jim Cramer, Scott Wapner Organizations: Tesla
With the Nasdaq 100 rebounding and not far off its record highs, several names in the tech-heavy index have fallen through the cracks. Baidu, Splunk, Zoom, Peloton and Tesla are all between 30% and 50% below their 52-week highs. "I really like Peloton because to me, this is a secular success story," said the firm's managing director of FX strategy. "I think Peloton is really going to be sort of the Netflix of the workout world." That's the future digital economy and that's what makes Peloton such a compelling long-term buy," he said.
Persons: Tesla, Boris Schlossberg, Schlossberg, Craig Johnson, Piper Sandler, Johnson Organizations: Nasdaq, Baidu, BK Asset Management, Netflix
(Adds bitcoin move, background)June 13 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. Musk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market. He announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. In February, Tesla revealed it had bought $1.5 billion of bitcoin and would accept it as a form of payment for cars.
Persons: Elon Musk, Tesla, , Musk, Bitcoin, cryptocurrency Organizations: Tesla Inc
Musk says Tesla will accept bitcoins when miners use reasonable clean energy
  + stars: | 2021-06-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A Tesla car is seen in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File Photo(Reuters) - Tesla Inc’s Elon Musk tweeted on Sunday that the company will resume allowing bitcoin transactions when there is confirmation of reasonable clean energy usage by miners. "Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market," he said in the tweet here. "When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions."
Persons: Lucy Nicholson, Tesla, Elon Musk Organizations: REUTERS, BTC Locations: Los Angeles , California, U.S
Musk says Tesla will accept bitcoins when miners use more clean energy
  + stars: | 2021-06-13 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
A Tesla car is seen in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File PhotoTesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said in a tweet. read moreMusk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market. In February, Tesla revealed it had bought $1.5 billion of bitcoin and would accept it as a form of payment for cars.
Persons: Lucy Nicholson, Elon Musk, Tesla, Bitcoin, cryptocurrency Organizations: REUTERS, Tesla, Thomson Locations: Los Angeles , California, U.S
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