Crypto in 2022: is there any hope of a comeback?

Crypto in 2022: is there any hope of a comeback?

The crypto market is in mayhem this year, consistent with other risk assets, as investors are concerned about soaring inflationsigns of a softening economy and the Federal Reserve’s tightening of its monetary policy. BitcoinBTCUSD, -0.01% is down more than 55% from its all-time high in November and continues to trade in consolidation, while ether ETHUSD, … Read more

Elon Musk and the Baby Bust

Elon Musk and the Baby Bust

Photo: Seth Wenig/Associated Press Due to recent declines in stock prices, Elon Musk is now down to his last $200 billion. But despite all the sellers in today’s market, Mr. Musk is not letting those vast herds get him down. Instead, the Tesla CEO and SpaceX founder is once again offering compelling commentary on Twitter. … Read more

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and … Read more

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and … Read more

Tech Stocks Drop as Dow, S&P 500 Fall in Volatile Session

Tech Stocks Drop as Dow, S&P 500 Fall in Volatile Session

US stock indexes moved lower and a selloff in technology stocks deepened as investor concerns about economic growth and rising interest rates continued to weigh on markets. The S&P 500 fell 2% Tuesday afternoon. The Dow Jones Industrial Average lost 1%, while the tech-heavy Nasdaq Composite slid 3.3%. Investors are considering a range of signals … Read more

Opinion: Snap’s warning of a weaker outlook sends ripples through tech stocks

Opinion: Snap’s warning of a weaker outlook sends ripples through tech stocks

An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback attempt from earlier in the day. After the market closed with strong gains Monday, Spiegel spoke at a JP Morgan technology conference, and the company stated in a … Read more

Stock Market Opens the Week Higher After Nearing Bear Market

Stock Market Opens the Week Higher After Nearing Bear Market

US stocks rose in early trading, as the S&P 500 pushed away from bear-market territory after flirting with such levels in a volatile trading session Friday. The broad-market benchmark jumped 1.2% Monday. At one point Friday, the S&P 500 slide so far it was on track to close at least 20% below its January peak—what … Read more

Conditions Are Ripe for a Deep Bear Market

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 in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 … Read more

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance … Read more