Exactly how much bounce is left in this bear market? A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply …
Exactly how much bounce is left in this bear market? Stocks are mostly higher on Tuesday, with China to thank for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that …
Oaktree’s Howard Marks is finding bargains: ‘I am starting to behave aggressively’ Read More »
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email …
Crypto crash: forced selling cools down; correlation with equities back in focus Read More »
Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. , real-estate brokerage Redfin Corp. , and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets …
The price of bitcoin lurched below $20,000, and below a level widely monitored by cryptocurrency enthusiasts, as a brutal selloff in crypto showed no signs of abating. Bitcoin fell as low as $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November. Concerns about the …
Crypto dominated the largest stage in the world with a series of ads during Super Bowl LVI. Now those companies are in the spotlight again as their industry falters. Four crypto firms were most prominent during the football game: Coinbase, COIN 0.33% Crypto.com, eToro, and FTX. Their spots helped lift total crypto ad spending in …
The Crypto Firms That Bought Those Super Bowl Ads Aren’t So Super Anymore Read More »
U.S. stocks wavered Friday, with major indexes extending the whipsaw moves that have injected fresh volatility into markets this week. The S&P 500 was recently down 0.8%. The Dow Jones Industrial Average lost 0.9%, while the Nasdaq Composite was about flat. All three major indexes fell Thursday, closing at their lowest levels since 2020. Thursday’s …
U.S. stocks were higher Friday, putting major indexes on course to extend the whipsaw moves that have injected fresh volatility into markets this week. The S&P 500 rose 0.7%. The Dow Jones Industrial Average added 0.3%, and the Nasdaq Composite climbed 1.4%. All three major indexes fell Thursday, closing at their lowest levels since 2020. …
