Banks Get Burned by Risky Debt, Imperiling Buyout Activity

By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...

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...

Crypto’s Domino Effect Is Widening, Threatening More Pain

Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies c...

Default Won’t Trigger a Long Winter for Russia

Failing to pay your debts can stop you getting a loan again. Except if you are a country—even Russia. Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution. Becaus...

Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

Robinhood Markets struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded,...

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...

Stocks Historically Don’t Bottom Out Until the Fed Eases

Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often ...

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...

Altria’s Cigarette Addiction Is Becoming Unhealthier

For years tobacco companies have been fighting regulators more than each other. That might be about to change, and Altria MO -0.61% in particular needs a game plan. If Philip Morris International’s PM...

Market Slide Forces Rookie Traders to Grow Up Fast

Lucas Daignault likes to glance at his E*Trade account before school or after his shifts at the supermarket. More days than not lately, it shows a sea of red. Mr. Daignault, who just turned 18 years o...

Toyota Revs Up Race With Tesla

Toyota TM 0.29% finally has a product to compete with Tesla. Despite an awkward name and mixed reviews, the bZ4X could be the most consequential electric vehicle launched this year. Toyota’s first pur...

Why Shale Drillers Are Pumping Out Dividends Instead of More Oil and Gas

Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in yea...

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...

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...