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 Losing Money on Twitter Stock. He Can Still Buy Twitter—If He Wants.

Elon Musk Losing Money on Twitter Stock.  He Can Still Buy Twitter—If He Wants.

Text size Elon Musk Jim Watson/AFP via Getty Images Elon Musk is sitting on a loss in his Twitter position. The loss is peanuts compared with what’s happened to his You’re here stock. Despite all the red ink, the world’s richest human can still buy Twitter — if he still wants to. Twitter (ticker: TWTR) … 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

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

Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing

Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet … Read more

Selloff puts Dow, S&P 500 on cusp of bear market. History says more pain may lie ahead.

Selloff puts Dow, S&P 500 on cusp of bear market.  History says more pain may lie ahead.

History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the large-cap SPX benchmark, -0.58% down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market. That would … Read more

‘Nowhere to hide?’ Why stagflation fears put stocks on verge of a bear market

‘Nowhere to hide?’  Why stagflation fears put stocks on verge of a bear market

It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an … Read more

‘It’s pure panic’: Florida parents of twins spent more than 4 hours driving to find baby formula

‘It’s pure panic’: Florida parents of twins spent more than 4 hours driving to find baby formula

When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf. The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there. … Read more