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If quantum cracks Bitcoin, it could crack banking security
Digital Asset News· 2026-03-10 00:41
If it cracks Bitcoin, it'll crack all banking security. We talked about it and like individual accounts probably not because, you know, it's like it's like a brute force attack and um you can try to brute force attack um pneumonic phrases, private keys all day long and it'll take you forever. But you can do it not get locked out.You can't brute force attack say like your personal bank account because after like so many tries it just locks you out and then it just shuts everything down. However, for like lik ...
What To Expect From Wednesday's Report On Inflation
Investopedia· 2026-03-10 00:00
Core Insights - The upcoming Consumer Price Index (CPI) report is expected to show a 2.4% year-over-year increase for February, consistent with January's rate, but may be less relevant due to the recent surge in energy prices caused by the Iran war [1][1][1] - Core prices, excluding food and energy, are anticipated to rise by 2.5%, also matching January's figures, indicating persistent inflation above the Federal Reserve's 2% target [1][1][1] - The Iran conflict has altered the inflation outlook by increasing energy prices, which could pose additional inflation risks despite the CPI report suggesting a stable inflation environment prior to the war [1][1][1] Economic Implications - A flat inflation rate, while still above the Fed's target, suggests that inflation was not a significant threat before the Iran war, but the conflict has introduced new risks [1][1][1] - The Federal Reserve is closely monitoring inflation data to determine potential interest rate cuts, which could lower borrowing costs and support the job market, although many policymakers prefer to maintain current rates to avoid exacerbating inflation [1][1][1] - Two opposing forces are influencing consumer prices: tariffs are increasing prices for physical goods, while decelerating rent increases are exerting downward pressure on overall inflation [1][1][1]
How the Financial Sector Views Kraken's ‘We're the Bankers Now' Claim
PYMNTS.com· 2026-03-09 21:02
Regulators view it as a test case, assessing whether crypto firms can safely operate within the U.S. payments system and regulatory framework.Banks warn of uneven regulation, arguing crypto institutions could gain Fed infrastructure benefits without the same capital, insurance and oversight requirements.The financial industry in the United States rests in part on an architecture of trust and institutional legitimacy.By completing this form, you agree to receive marketing communications from PYMNTS and to th ...
Oil Shock and Geopolitical Tensions Send Wall Street Reeling as Brent Hits $120
Stock Market News· 2026-03-09 20:07
Market Overview: A Sea of Red Amid Energy CrisisU.S. equity markets faced a grueling session on Monday, March 9, 2026, as a perfect storm of geopolitical instability and energy supply shocks sent major indexes tumbling. The primary catalyst was a dramatic escalation in the Middle East conflict, which saw Brent crude oil briefly spike to nearly $120 per barrel following the closure of the Strait of Hormuz. While prices pared some gains late in the day on news of a potential G7 coordinated oil reserve release ...
What is interest and how does it work?
Yahoo Finance· 2026-03-09 17:27
Key takeaways Interest can be charged when you borrow money or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, etc.), you’re charged interest for borrowing that money. You can also earn interest in the form of a yield on interest-bearing accounts, such as savings accounts. Interest is either the cost of borrowing money or the reward for saving or investing it — depending on which side of the transa ...
The Big 3: TSM, GLD, GS
Youtube· 2026-03-09 17:01
And it's time for the big three. We've got three stocks, three charts, and three trades for you today. Rick Dat of course will take us through the charts.And here to take us through the trades today, Scott Bowerer, the CEO over at Prosper Trading Academy. Scott, great to have you with us. You know, a bit of a wild day.We are off of session lows, but still, you know, firmly trading down in the red here. A lot of concerns about oil prices. We're we're right about 100.I think we dipped under we're dipping unde ...
UK would support release of emergency oil stocks after price spike, finance minister says
Reuters· 2026-03-09 16:47
Core Viewpoint - The UK is prepared to support the release of emergency oil reserves in response to rising oil prices due to renewed conflict in the Middle East, as stated by Finance Minister Rachel Reeves [1]. Business - Cboe plans to launch prediction market contracts that will offer partial payouts based on the accuracy of traders' predictions, moving away from the traditional all-or-nothing format [1]. - Shell is set to offload Jiffy Lube and Premium Velocity to Monomoy Capital for $1.3 billion [1]. Energy - The potential release of oil reserves is being discussed among G7 finance ministers as a coordinated response to the spike in oil prices [1]. - The current situation in the Middle East is causing significant volatility in energy markets, prompting discussions on measures to stabilize prices [1].
US and China clash over fentanyl and tariffs at global drugs meeting
Reuters· 2026-03-09 16:09
US and China clash over fentanyl and tariffs at global drugs meeting | ReutersSkip to main contentExclusive news, data and analytics for financial market professionalsLearn more aboutRefinitivSara Carter speaks at the Conservative Political Action Conference (CPAC) annual meeting in National Harbor, Maryland, U.S., February 22, 2024. REUTERS/Amanda Andrade-Rhoades/File Photo Purchase Licensing Rights, opens new tabVIENNA, March 9 (Reuters) - The United States and China traded barbs at a U.N. drugs meeting o ...
Dow sinks 800 points as stagflation panic sends Wall Street into freefall
Invezz· 2026-03-09 14:41
Dow sinks 800 points as stagflation panic sends Wall Street into freefall# Dow sinks 800 points as stagflation panic sends Wall Street into freefallIndicesAuthorDevesh KumarMar 09, 2026, 14:41 PM- Fed faces dilemma as weak jobs and rising oil cloud rate-cut outlook.- US economy loses 92,000 jobs in February as unemployment rises to 4.4%.- Dow sinks as oil tops $100 and weak jobs data reignite stagflation fears.Wall Street opened Monday to a continuation of last week's carnage as the Dow Jones shed over 800 ...
Dow sheds more than 800 pts as oil surges above $100 per barrel.
Yahoo Finance· 2026-03-09 14:39
U.S. stocks opened sharply lower as oil prices surged above $100 per barrel overnight as the Strait of Hormuz, the main passageway for about a fifth of the world's oil, remains closed. With oil at a standstill, some of the world's top oil producers are running out of room to store oil and are cutting production. Kuwait and Iraq are among them. The UAE is just beginning to reduce, reports said. If oil prices remain above $100 per barrel, inflation could spike, analysts said. Already, the nation’s average ...