Good evening.
Markets slide, crypto exchange FTX is looking to acquire Robinhood, and Q3 is almost here.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks slipped on Monday, losing momentum after rallying last week.
On Friday, the S&P 500 posted its biggest one-day gain in two years. Despite the rally, markets are still in fear mode:
The second quarter (Q2) ends Thursday, which means investors will be rebalancing their portfolios.
The first half of 2022 has been challenging for markets. Investors hope the second half will provide some relief.
The crypto market was relatively quiet on Monday, with Bitcoin trading near $21,000 and Ethereum near $1,200.
Catch Up
Crypto exchange FTX is exploring whether it might be able to acquire online brokerage Robinhood.
58% of adults in the U.S (about 150 million) are currently living paycheck to paycheck.
Gary Gensler, the Chairman of the SEC, said that Bitcoin was the only cryptocurrency he was prepared to publicly label a commodity.