Markets
- Market
Crypto exchange FTX U.S. gets into stock trading
Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX…
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Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in…
Read More » - Finance
Households are now spending an estimated $5,000 a year on gasoline
A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record…
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Retail spending increased 0.9% in April, boosted by demand and inflation
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as…
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Powell says the Fed will not hesitate to keep raising rates until inflation comes down
US Federal Reserve Chairman, Jerome Powell, testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to…
Read More » - Business
Pound jumps as jobs data fuels interest rate bets
Today the Office for National Statistics reports that unemployment fell to its lowest level for nearly 50 years at 3.7%,…
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Paramount shares jump about 10% after Buffett’s Berkshire reveals new stake
In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo…
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Citigroup shares jump 5% after Warren Buffett reveals a near $3 billion stake in the struggling bank
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares…
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How Warren Buffett made the stock market selloff work for Berkshire Hathaway
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Buffett’s Berkshire…
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Top Wall Street analysts say these stocks are extremely undervalued
Friday’s rally gave investors a bit of respite from the latest bout of stock market tumult, but more volatility is…
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Robinhood shares jump 22% after crypto CEO Sam Bankman-Fried acquires stake
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq…
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Heavily shorted online used car seller Carvana surges 20%, is halted several times
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of…
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MicroStrategy shares are tumbling as the software firm’s bitcoin bet sinks underwater
Rafael Henrique | LightRocket | Getty Images MicroStrategy, the enterprise software maker that’s bet big on bitcoin over the past…
Read More » - Banking
Tilney Smith & Williamson AUM shrinks despite continued inflows
Group chief executive of the firm, which will adopt its new name Evelyn Partners over the summer, Chris Woodhouse attributed…
Read More » - Entrepreneurs
Is This The Great Reset For Venture Capital?
Is 2022 going to be the Great Reset for the venture capital market? dpa/picture alliance via Getty Images Public market…
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Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation…
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April’s consumer price index report expected to show inflation has already peaked
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg…
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SoFi stock falls after fintech firm accidentally releases first-quarter report early
Shares of SoFi fell sharply on Tuesday and were halted for nearly three hours after the company accidentally released its…
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Markets are suffering big losses — here’s why the recovery could take a while
Mark Hulbert is a regular contributor to MarketWatch. His Hulbert Ratings tracks investment newsletters that pay a flat fee to…
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Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive…
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Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid…
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Payroll growth accelerated by 428,000 in April, more than expected as jobs picture stays strong
The U.S. economy added slightly more jobs than expected in April amid an increasingly tight labor market and despite surging…
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3 Signs Red-Hot Inflation Is Cooling Off
Expectations for inflation are critical to how fast the Fed raises interest rates. Frederic J. Brown/AFP via Getty Images Good…
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Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he’s confident inflation will come back…
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Why market swings signal a sign of more volatility to come
A 1,300-point drop in Dow Jones Industrial Average. A selloff in bonds that sends Treasury yields higher. Signs of panic…
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Jobs growth should be strong in April but hot pace could slow in coming months as wages climb
The economy is expected to have added another 400,000 jobs in April, reflecting a very tight labor market, but economists…
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Luna Foundation Guard further bolsters stablecoin reserve by raising $1.5 billion in bitcoin
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in…
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Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference…
Read More » - Finance
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C,…
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The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global…
Read More » - Finance
U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an…
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The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California. Justin Sullivan | Getty…
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Top Wall Street analysts are getting bullish on these stocks for the long run
A man walks past the brand logo of Alphabet Inc’s Google outside its office in Beijing, China, August 8, 2018.…
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Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet
Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play,…
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Warren Buffett gives his most expansive explanation for why he doesn’t believe in Bitcoin
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Bitcoin has…
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Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’
Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into…
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Robinhood shares fall nearly 10% as retail brokerage reports shrinking revenue, fewer active users
Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar…
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Hedge funds attract the biggest inflows in 7 years on the back of market volatility
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3,…
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How one European asset manager with $40 billion is weathering uncertainty in the region
(Click here to subscribe to the Delivering Alpha newsletter.) Mathieu Chabran helms Tikehau Capital, a European asset manager, which oversees $40 billion…
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Invesco launches ETF focused on metals required for electric vehicles, energy transition
Heavy trucks seen working at a nickel mining area in Soroako, South Sulawesi, Indonesia. SOPA Images | LightRocket | Getty…
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Investors Are Eyeing Coca-Cola After A Blowout Quarterly Earnings Report
Getty Images Key Takeaways During the Coca-Cola earnings call on Monday, the beverage company reported quarterly numbers that topped expectations…
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Xi Lays Bare China’s Economic Delusion
BEIJING, CHINA – OCTOBER 27: A Chinese soldier stands guard in front of Tiananmen Gate outside the … [+] Forbidden…
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Coca-Cola delivers ‘master class’ as sales soar despite inflation
Coca-Cola admitted that it had experienced “accelerated cost pressures and ongoing supply challenges” that “continue across markets”. However, it “continues to…
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Stock tied to Donald Trump’s social media venture falls after Twitter said to be nearing a deal with Musk
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald…
Read More » - Business
FTSE 100: markets tumble across the globe on China fears
That move should make bonds more appealing at the expense of equities, while a slump in the world’s second biggest…
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Top Wall Street analysts like these stocks for long-term upside
Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and…
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Fed’s Bostic expresses caution about the pace of interest rate hikes
Atlanta Federal Reserve President Raphael Bostic on Tuesday expressed concern about the impact that rate hikes could have on the…
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Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic…
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Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate…
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Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation,…
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