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Even a recession wouldn’t cure inflation, former Obama adviser says
There’s increasing talk that the Federal Reserve’s interest rate hikes will cause a U.S. recession next year, but even a…
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Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’
Veteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin’s…
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HSBC plans trader hires as part of first foray into carbon market
HSBC is looking to enter the voluntary carbon market for the first time, joining Citigroup, BP and Shell as the…
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Zoom stock rallies 20% after earnings beat, improved profit forecast
Zoom Video Communications Inc. shares soared in the extended session Monday after the videoconferencing company topped Wall Street’s earnings expectations…
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Russian ruble surges on report some capital controls may ease up
The Russian ruble surged on Monday, following a report that the government plans to cut a key foreign exchange limit…
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Elon Musk called ESG a scam — did the Tesla chief do investors a favor?
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market…
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Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession,…
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U.S. stocks end mixed, but book weekly losses as Dow suffers longest losing streak since 1932
U.S. stocks closed mixed Friday, with the S&P 500 index eking out a gain after trading in bear-market territory earlier…
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Watch out if you’re male, over 45, and think you know about investing
The stock market’s recent weakness could be particularly hazardous to your wealth if you’re male, above the age of 45,…
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The S&P 500 is trading in bear-market territory. Here’s how long they last.
The S&P 500 index on Friday traded below the threshold that will mark a bear market if losses hold through…
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Bitcoin and other cryptocurrencies are rallying — watch out for another downward move
Bitcoin and other cryptocurrencies were rallying on 20 May as digital assets continued a recent outperformance of stocks, though there are…
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The technician who called the 2020 market bottom says a ‘shocking rally’ is in store
It’s been a terrible week in an awful year for the stock market. Walmart WMT, +0.21%, Target TGT, -0.29%, and…
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Selloff puts S&P 500 on bear market’s doorstep. Here’s how long they tend to last.
History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the…
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U.S. House approves bill to take aim at gasoline ‘price gouging’
A closely divided U.S. House approved legislation Thursday to crack down on alleged price gouging by oil companies as prices…
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U.S. stocks mostly lower after worst day for equities in nearly two years
U.S. stocks extended their slump on Thursday, following the worst slide in close to two years for the S&P 500…
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Philadelphia Fed’s manufacturing gauge falls to lowest reading in two years
The numbers: The Philadelphia Fed said Thursday its gauge of regional manufacturing activity fell sharply to 2.6 in May from…
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MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
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SEC chair Gary Gensler says there is more crypto pain to come
Securities and Exchange Commission chairman Gary Gensler said 18 May he worries that more investors will be harmed in cryptocurrency…
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Under Armour CEO Patrik Frisk steps down after two-plus years
Under Armour Inc. announced Wednesday afternoon that its chief executive is stepping down, a little more than two years after…
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A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd.
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on…
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Why are stocks falling? Fragile ‘bear market’ bounce gives way to stagflation jitters
Is that all there is? U.S. stocks were back on the downswing in a big way Wednesday, ,more than erasing…
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Why are stocks falling? Fragile ‘bear market’ bounce underlines investor jitters
Is that all there is? U.S. stocks were back on the downswing in a big way Wednesday, underlining warnings from…
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Oil prices fall despite surprise drop in U.S. crude inventories as gasoline demand picks up
Oil futures gave up gains Wednesday, turning lower despite data showing an unexpected drop in U.S. crude inventories and a…
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Meet the 24-year-old who quit hedge fund Citadel to get rich in blockchain network Terra. Two months later, ‘there is no Terra anymore’
At the start of 2022, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin’s powerhouse hedge-fund…
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Hedge funds to crypto traders: ‘Told you it was a bubble’
Investors are being bombarded from all angles. Covid continues, inflation is rampant, war rages in Ukraine, and tech stocks are…
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Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the…
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U.S. retail sales climb in April in a sign economy still has vigor
The numbers: Sales at U.S. retailers rose a solid 0.9% in April and signaled the economy still has plenty of…
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Creator of TerraUSD plans to overhaul cryptocurrency
The price of the stablecoin TerraUSD was down sharply on 16 May as the cryptocurrency’s creator announced a plan to…
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Crypto prices are moving in lockstep with traditional markets — here’s what that means for investors
Cryptocurrency prices are moving in lockstep with stocks and bonds like never before, punishing those who bought bitcoin and other…
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How More Than $1 Trillion of Crypto Vanished in Just Six Months
Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion…
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Gasoline futures finish at record, lifting oil to weekly gain
Gasoline futures surged to a record close Friday, providing a lift for crude oil that erased a weekly loss. Price…
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FTX’s crypto clearing plan needs scrutiny, says CFTC chair Rostin Benham
Commodity Futures Trading Commission chair Rostin Behnam said that a proposal by FTX, a crypto derivatives exchange, to create a…
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How a stablecoin crash shook the crypto market
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had…
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The S&P 500 is on the brink of a bear market. Here’s the threshold.
The latest bull market for U.S. stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500…
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Senate gives Fed Chairman Powell vote of confidence and a second 4-year term
Federal Reserve Chairman Jerome Powell on Thursday was given a vote of confidence by lawmakers. The Senate voted to confirm…
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Bitcoin tumble continues amid TerraUSD fall
The price of bitcoin was under pressure again on 12 May, with even bigger losses among smaller cryptocurrencies, as the…
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U.S. stocks bounce in choppy trade after CPI shows inflation slows less than expected
Major stock indexes were higher in choppy price action after an eagerly awaited consumer price index reading showed U.S. inflation…
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