Text size Pointing to concerns about demand, B.Riley just downgraded chip stocks. Dreamstime Semiconductor stocks have struggled this year as investors fretted about a potential economic slowdown. Poi...
Tag: Banking/Credit
Can you earn 6% on your savings account? Yes — but here’s the catch
Want to earn more on your savings? Here are some things to consider. Getty Images/iStockphoto Interest rates on savings accounts are rising, but they’re still low. Indeed, the national average interes...
Celsius Is Crashing, and Crypto Investors Are Spooked
A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an a...
Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
70% of economists say America is headed for a recession: poll. How to invest now
Worried about a recession? Here are some tips from pros Getty Images/iStockphoto Many economists say the United States will fall into a recession next year, according to a new poll by the Financial Ti...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreemen...
Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’
“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.40% co-founder Bill Gates delivering his...
Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions
European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Go...
Harvard expert warns of potential ‘harm’ to index investing, as Republican bill takes on ‘woke fund managers’
Senators and legal experts tussled Tuesday over the merits of a Republican bill that aims to reduce the voting power of the three index-investing giants — BlackRock, Vanguard and State Street. Republi...
A 75-basis point Fed move is not a slam dunk, former staffer says
In the last 24 hours, investor expectations for the Federal Reserve have coalesced around a 75 basis point hike, nudged in that direction by a Wall Street Journal article. Fed-funds futures markets no...
Read for the Fed Preview. Stay for the Trouble Brewing in the Mortgage Market.
Recent inflation data are something of a game-changer for monetary policy. Expectations for what will come out of the Federal Reserve’s meeting this week and beyond have quickly ratcheted higher, spel...
Bitcoin down 70% from all-time high. Why is crypto market crashing?
Cryptocurrencies have been crashing. Bitcoin BTCUSD, -3.21% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No...
A 75-basis-point hike? Here are 3 ways the Fed can sound more hawkish this week
The Federal Reserve’s plan to raise its benchmark rate to a neutral level, around 2.5%, by the end of the year is under pressure after a surprisingly strong May consumer-inflation data. “The May CPI w...
Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps
Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...
Binance resumes bitcoin withdrawals as crypto prices crater
The world’s largest cryptocurrency exchange, Binance, resumed withdrawals of bitcoin after it instituted a “temporary pause” Monday morning that latest several hours, the company said. Binance founder...
Crypto crash FOMO? ‘I missed the bus on Bitcoin, but now feel like my time has come. Is it time to go big or go home? I have another 25 years of a boring 9-to-5 job, and I just want out.’
I read a letter from a reader last year who was suffering from crypto FOMO, and I have been following the crypto markets ever since. I felt like I missed the bus on Bitcoin, but now feel like my time ...
Bitcoin tumbles through $24,000 in crypto crash. This chart shows how much worse a selloff could get.
Cryptocurrencies kicked off a new week with deep losses, extending weekend selling following surprisingly high U.S. inflation data and troubles for a major cryptocurrency exchange. Bitcoin BTCUSD, -1...
The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails
Last week’s shock U.S. inflation number continues to tear through markets, with dip buyers seemingly in hiding. The Nasdaq is in the lead with a 3% drop as trading gets underway. Investors are now foc...
S&P 500 Poised for Bear Market as Stock Futures Drop
The S&P 500 was on track to open in bear market territory, while global stocks tumbled and bond yields jumped as fears over inflation rattled investors around the world. Futures for the S&P 50...
Bitcoin Slips Below $25,000 as Celsius and Fed Batter Confidence
Text size Bitcoin has been hurt by a loss of confidence sparked by interest-rate hikes and problems at Celsius, one of the biggest crypto lenders. Paul Yeung/Bloomberg Bitcoin, the largest cryptocurre...
U.S. stock futures sink Sunday after Wall Street’s worst week since January
U.S. stock-index futures sank Sunday after Wall Street’s worst week since January. Dow Jones Industrial Average futures YM00, -0.54% fell more than 170 points, or 0.5%, late Sunday, while S&P 500 ...
‘The goal is never to seek the top’: The wild, hair-raising ride of a 30-something investor who battled against NFT hackers and dodged the crypto crash
Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and ...
‘I respect every profession equally, but I feel like so many people look down on me for being a waitress’: Americans are tipping less. Should we step up to the plate?
I read your article about tipping. I’ve been serving and bartending for almost 16 years now, since I was 18. Waiting tables is so hard on your body, and a lot of people don’t appreciate all of the wor...
Fed’s biggest rate hike since 1994 means millions more homebuyers may be priced out of the housing market
Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis points to a 1.5% to 1.75% range, the biggest increase since 1994 as it tries t...