For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance calling, airport rides and, most recently, crypto. He often left a t...
Tag: wsjfinance-markets
Berkshire Hathaway’s Earnings Fall, Hurt by Market Volatility
Berkshire Hathaway earnings slid in the second quarter as market turmoil weighed on the company’s massive stock portfolio. The Omaha, Neb.-based company, which owns businesses ranging from insurer Gei...
Crypto Prices Crashed, but True Believers Are Holding On
Crypto prices plunged this year, but Drew Larsen says that is no concern. Over the past two years, Mr. Larsen, 54, has poured about 10% of his savings into cryptocurrencies like bitcoin, Ethereum and ...
Falling Commodity Prices Raise Hopes That Inflation Has Peaked
A slide in all manner of raw-materials prices—corn, wheat, copper and more—is stirring hopes that a significant source of inflationary pressure might be starting to ease. Natural-gas prices shot up mo...
Celsius Customers Are Losing Hope for Their Locked-Up Crypto
It has been three weeks since crypto lender Celsius Network LLC took the drastic step of halting customers’ withdrawals. Many people are starting to wonder if they will ever see their money again. All...
Dallas Cowboys Owner Jerry Jones Scores on Billion-Dollar Natural-Gas Gambit
Football season is months away, but Dallas Cowboys owner Jerry Jones already has notched a big win this year betting on natural gas. Mr. Jones took control of producer Comstock Resources four years ag...
The Crypto Party Is Over
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the...
A Crypto Bankruptcy Could Be Investors’ Nightmare
The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...
Earnings Are Under Threat, Another Blow to Sagging Stock Market
Stocks have tumbled this year in the face of rising interest rates. But with inflation showing little sign of cooling, many investors fear corporate earnings could be the market’s next support to fall...
Stock Market Rises as S&P 500, Nasdaq Add More Than 6% This Week
The S&P 500 raced higher Friday, notching its best week of the year and snapping a punishing losing streak that had almost ended its bull market. A slew of earnings results and economic data has b...
Conditions Are Ripe for a Deep Bear Market
With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is...
Stock Market Bottom Remains Elusive Despite Deepening Decline
U.S. stocks are in the midst of their longest selloff in decades. Whether they are close to bottoming is anyone’s guess. Market selloffs have long stumped strategists trying to predict when they were...
Warren Buffett Spends Big as Stock Market Sells Off
The stock market’s selloff has been bad news for most investors. The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 8.21% last week, according to a regulatory filing. The ...
Crypto Prices Move in Tandem With Traditional Markets, Punishing Investors
Cryptocurrency prices are moving in lockstep with stocks and bonds like never before, punishing those who bought bitcoin and other digital assets in part to diversify their investment holdings. The th...
This Billion-Dollar Crypto Loan Is Easy to Get, but Gone in a Flash
A hacker who robbed the decentralized stablecoin platform Beanstalk in April had a powerful tool: a $1 billion loan taken out with no collateral, no proof of income and no identity verification. The l...
Warren Buffett Says Markets Have Become a ‘Gambling Parlor’
OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshir...
Cathie Wood’s Flagship Fund Is Down 45% This Year. Money Is Still Flowing In.
Cathie Wood’s ARK Innovation exchange-traded fund keeps falling, but investors aren’t jumping ship. Shares of the popular ETF, which is known by its ticker ARKK, have declined 45% so far in 2022—inclu...