Those looking for a bit of good news to start the week may have to cast the net further out. Stock futures are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was already full for investors this week, with inflation one of several data points to watch, and … Read more
Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a rally in digital assets on Friday as cryptocurrency traders seemed to turn firmly bullish after weeks of prices under pressure. The price of Bitcoin rose 5% over the past 24 hours to $21,500. The largest digital asset moved as high as $22,400 … Read more
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has. But you might want to tilt toward a sector that has fared well during previous downturns. You might … Read more
Text size Bitcoin prices have advanced this week. Dreamstime Bitcoin prices have consolidated above a key level as most cryptocurrencies rose on Thursday, helped along by slow but steady gains in the stock market. The price of Bitcoin rose 2% over the past 24 hours to above $20,500, having reclaimed the $20,000 mark on Wednesday … Read more
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the US Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows Capital is one of the biggest casualties of the latest so-called “crypto winter”. The digital asset ecosystem has been hit by … Read more
Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter revenue of $6.8 billion to $7.6 billion, whereas analysts tracked by FactSet had been modeling $9.15 billion. Micron’s chief executive acknowledged that “the industry demand … Read more
text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li-Auto (LI), and XPeng (XPEV) … Read more
This year has been inescapably awful for investors, as this chart on first-half performance shows. So in an environment where every short-term move seems to be a bad one, it might be worth getting a longer-term perspective. Monish Pabrai, the founder of both the Pabrai Investment Funds and the Dhando Funds and an author on … Read more
Good news — sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The average beneficiary may be in line to get as much as $180 more a month starting next January, … Read more
US stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.45% was up … Read more