Money Morning

Stock Market Today: New Rules for Big Banks

Stock market news today, April 9, 2014: The Dow Jones Industrial Average rose 10 points yesterday to finish at 16,256. The Nasdaq increased 33 points to finish at 4,112, while the S&P 500 added 6 points to end the day at 1,851.

Today, the FOMC will release minutes from its March meeting. Investors are seeking clues on when Fed Chair Janet Yellen and the central bank will exercise an increase in interest rates.

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The Real Reason the Stock Market Is Rigged

Everyone’s talking about Michael Lewis’ latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.

What they’re not talking about is how the markets have been set up for institutionalized rigging.

I’m not kidding.

The markets are rigged. You’re going to have to get over it and deal with it.

The Bitcoin Market Continues to Be Rocked by China Uncertainty

The Bitcoin market ended the week as it began – trying to sort out how far the Chinese central bank will go in its crackdown on the Chinese exchanges, and how that might affect Bitcoin prices everywhere else in the world.

Mainstream Chinese news outlet Caixin Online was the first to report last week that the People’s Bank of China (PBOC) was planning to force Chinese banks to close any accounts they have with Bitcoin exchanges by April 15.

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