The broader stock market got a little bit closer to entering a bear market on Wednesday, with declines of between 1% and 3% for major indexes helping to send the S&P 500 (^GSPC -1.65%) down more than 18% from its recent highs. the Dow Jones Industrial Average (^DJI -1.02%) held up the best, but a […]
Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals. Average prices of US high-yield bonds fell to around 91 cents on the dollar Monday, the lowest level since May of 2020 when pandemic shutdowns slammed the global economy, according to data […]
Charles Hoskinson wants you to “wake up.” Twitter broadcast on Tuesday night, the Cardano founder and ethereum co-founder warned of a “dystopian future” brought on by hyperinflation and governments just printing money. “The world economy,” Hoskinson warned, “is not healthy.” And the ongoing crypto crash—where total market cap has plummeted 10% in the past 24 […]
We haven’t reached the bottom yet. That’s the conclusion that analysts at the Huobi Research Institute, the research arm of the Huobi cryptocurrencies exchange, reached in a newly released report. In their report, titled “Is Another Black May Coming,” Huobi researchers Barry Jiang and Hanson Chan wrote that, when it comes to Bitcoin“the market bottom […]
Hemera Technologies/AbleStock.com via Getty Images Back in February, I warned investors of credit market tightening in “PDI: Credit Hemorrhaging Is Accelerating Into A ‘Global Credit Crunch’.” At the time, it appeared that, as the Federal Reserve ended its asset purchase program, there would be a broad decline in market liquidity and a potentially sharp increase […]
Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures, with Disney and Rivian earnings in focus. The stock market retreated on hotter-than-expected CPI inflation data, with the S&P 500 and Nasdaq breaking below recent lows. X The market correction and Nasdaq bear market show no signs of slowing down. Rebound […]
The stock market is absolutely gross right now. Everything is down, except (as loyal listeners know) the CATAN portfolio. Crypto has cratered, growth stocks have been ravaged, and hedge funds are imploding. Why is this happening? Is this Dot-Com Bubble 2.0? And what does it mean for the future of the US economy, investing, and […]
Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The […]
The architect and designer Thierry W. Despont, known for designing lavish homes and hotels around the world, is listing his personal Hamptons estate for $23.5 million. Set on roughly 34 acres, the Southampton property was a horse farm that Mr. Despont transformed into a residence with a separate guesthouse and pool house, according to Harald […]
A rooftop dance floor at The Fidelity Stack in Decentraland. | BusinessWire Seemingly every week there’s another blockbuster transaction in the metaverselike the Yuga Labs “land” grab from a few weeks ago that saw users spend the equivalent of more than $300 million on virtual real estate, nearly crashing the Ethereum network. Even in its […]