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US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than …
Dow down more than 500 points as brutal first half comes to close Read More
US stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and considered updated readings on consumer spending and inflation. Futures tied to the …
Stock Futures Drop on Final Trading Day of Grueling Quarter Read More
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at …
Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate Read More
Pinterest longtime chief executive is stepping down and a Google commerce executive is taking over the top job, the social-media company said Tuesday. Ben Silbermann, who co-founded Pinterest in 2010 …
Pinterest CEO Is Stepping Down, Google Commerce Executive to Take Top Job Read More
The largest US banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession. Four of …
Goldman Sachs and Wells Fargo Boost Shareholder Payouts Read More
Credit Suisse Group AG and a former employee were found guilty Monday in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking. …
Credit Suisse Found Guilty in Money-Laundering Case Tied to Cocaine Ring Read More
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against …
Recession is challenging inflation as top fear among stock and bond investors Read More
Billionaire Crypto Sam Bankman-Fried has become a lender of last resort to his beleaguered industry. He may end up owning large chunks of it as well. Mr. Bankman-Fried’s crypto exchange, …
Crypto Exchange FTX in Talks to Acquire Stake in BlockFi Read More
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, …
Crypto crash: forced selling cools down; correlation with equities back in focus Read More
The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed …
Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test Read More