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CLARITY Act may not get passed in 2026: 'Not the end all, be all for crypto'
Yahoo Finance Video76d agoneutralVIDEO
CLARITY Act may not get passed in 2026: 'Not the end all, be all for crypto'

In bitcoin's (BTC-USD) latest slump, the cryptocurrency has sunk below $60,000 on Friday. The CLARITY Act — the Congressional bill for crypto regulation — currently sits on the Senate's schedule for a possible vote before lawmakers' summer recess. Bitwise head of research Ryan Rasmussen sits down with Josh Lipton to explain why he believes the CLARITY Act may not get passed in 2026, underlining that that shouldn't stop the momentum of the crypto industry.

Nasdaq plunges 1,100 points over renewed rate hike concerns
Yahoo Finance Video76d agobearishVIDEO
Nasdaq plunges 1,100 points over renewed rate hike concerns

US stocks (^DJI, ^IXIC, ^GSPC) sink in Friday trading, the Nasdaq Composite leading losses and closing over 1,100 points lower (4.18%). The market is reacting to May's overwhelmingly positive labor data — 172,000 jobs added the US economy vs. estimates of 88,000 — raising investor concerns that the Federal Reserve may be inclined to hike interest rates. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the day's biggest market moves.

A Nasdaq Selloff Takes Hold. AI Stocks Are Getting Crushed.
Barrons.com77d agobearish
A Nasdaq Selloff Takes Hold. AI Stocks Are Getting Crushed.

The S&P 500, down 1.8%, was on track to snap a nine-week winning streak. The Dow fell 400 points, or 0.8%, but is still up slightly on the week. David Donabedian, senior investment strategist at CIBC Private Wealth, told Barron’s that the action this morning began as a continued rotation away from AI winners.