MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change despite the recent selloff in the digital asset, which has dented the value of the […]
Rising interest rates and inflation are typically a circuit breaker for richly valued utility stocks, but these are unusual times. The sector is the second-best performing one in the U.S. behind energy year to date, […]
U.S. stocks are off to their worst start to a year in more than a half-century. By some measures, they still look expensive. Wall Street often uses the ratio of a company’s share price to […]
Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals. Average prices of U.S. high-yield bonds fell to around 91 cents on […]
Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 rose 0.4% in morning trading. The index snapped a […]
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -12.60% said Tuesday that it lost […]
A broad selloff in U.S. stocks accelerated Monday, leaving investors with few places to shelter from the market’s tumult. The S&P 500 fell 2.4%, adding to losses after closing out its longest streak of weekly […]
May 8, 2022 12:27 pm ET Photo: Getty Images/iStockphoto … >>>read full article here
Marriott International Inc. MAR -2.89% People are ready to travel like it’s 2019. Marriott’s first-quarter sales jumped 81% as the hotel giant said it saw the largest surge in global travel demand since the onset […]
U.S. stocks fell, with technology stocks leading the way, as investors assessed the implications of Federal Reserve’s most aggressive tightening of monetary policy in more than two decades. The S&P 500 dropped 2.1% in early […]
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