The wheels have really come off the wagon of the stock market and Cathie Wood’s ARK Invest has, arguably, seen the most dramatic fall from its parabolic rise, amid the current downdraft in markets. However, the S&P 500 SPX, -1.65% hanging on the precipice of a bear market — a decline of at least 20% […]
Aramco is now worth about $2.43 trillion, compared with Apple’s $2.37 trillion, according to data from Refinitiv. Market capitalizations fluctuate frequently: earlier this year, Manzana (AAPL) hit the $3 trillion mark, becoming the first to do so and making it by far the most valuable company on the planet. But the latest market moves point […]
Each month, a new survey seems to come out showing just how woefully unaware most Americans are when it comes to both personal finance and the stock market — most recently, 8 out of 10 adult respondents drew a blank when asked to explain what a bond is while seven in 10 faltered with the […]
This version corrects a prior version’s description of Robert Kaplan’s departure from the Dallas Fed. The Dallas Fed announced Wednesday that it has appointed Lorie Logan, a top Fed staffer, as its president and chief executive. Logan, 49, is currently an executive vice president at the New York Fed. She is the manager of the […]
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 2:43 pm ET, it had partially rebounded to about 68 cents in volatile […]
The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price […]
prolog Inc., PLD -5.26% the world’s largest owner of warehouse space, said it offered to buy Duke Realty Corp. DRE 3.92% in a nearly $24 billion deal, a vote of confidence in the e-commerce business at a time when investors are getting nervous about its growth. Prologis controls a 1 billion square foot global network […]
US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend […]
The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the US economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely […]
Hi, MarketWatchers. Don’t miss these top stories. The 10 most popular cities that Americans moved to last year — and four are in this one state Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More ‘Open discussion […]