Skyrocketing Inflation Hasn’t Burnished Gold in 2022

Robust inflation and a stock-market route did not do much for gold prices in the first half of the year. Investors do not expect conditions to improve. After gold climbed near records in March, prices slumped over the next three months to their biggest quarterly percentage decline in more than a year. The most actively … Read more

Stock Futures Slip After Worst Start to Year in Decades

US stock futures drifted lower at the start of the second half of the year, with investors bracing for more volatility amid heightened inflation and expected interest-rate increases. Futures for the S&P 500 shed 0.6% Friday. The broad index closed out Thursday lower, heaping on additional losses to mark the worst first half of the … Read more

Markets Post Worst First Half of a Year in Decades

Global markets closed out their most bruising first half of a year in decades, leaving investors bracing for the prospect of further losses. Accelerating inflation and rising interest rates fueled a monthslong rout that left few markets unscathed. The S&P 500 fell 21% through Thursday, suffering its worst first half of a year since 1970, … Read more

Geithner Says Fed’s Rate Pivot Highlights Need for Treasury Market Fixes

The Federal Reserve’s sprint to withdraw stimulus in the midst of concern that high inflation could be more persistent is underscoring the need to improve the resilience of the US Treasury market, according to a report prepared by former senior policy makers. The Group of 30, an independent group of central bankers, financiers and current … Read more

Stock Futures Drop on Final Trading Day of Grueling Quarter

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 S&P 500 dropped 1.1%, a day after indices finished slightly changed. Dow Jones Industrial Average futures fell 1% while technology-heavy Nasdaq-100 futures lost 1.1%.

Stock Market Today: Dow Futures Drop as Brutal First Half of 2022 Draws to End

Text size Investors continue to fret over the pathway of the Federal Reserve’s monetary policy. Saul Loeb / AFP via Getty Images Stocks dropped on Thursday and were set to end a brutal first half of the year as the familiar fears of more interest rate increases and the risk of recession continued to weigh … Read more

Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate

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 law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.

US Stocks Waver as Central Bankers Hold Panel

US stocks were mixed on Wednesday as investors digested comments from central bankers at a panel in Europe and looked towards another round of quarterly earnings reports. The S&P 500 fell 0.3%, after the broad-market index closed down 2% on Tuesday. The Nasdaq Composite Index was down 0.3%, while the Dow Jones Industrial Average edged … Read more

Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge

When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods chain by cleaning up crowded aisles, scaling back coupons and doing away with popular national brands in favor of new, private-label goods. That strategy was repudiated on Wednesday, after the company reported another quarter of … Read more

An Oil Price Cap for Russia?

Oil tanks at Volodarskaya LPDS production facility in the village of Konstantinovo in the Moscow region on June 8. Photo: MAXIM SHEMETOV / REUTERS The US and Europe have been scrambling for ways to stop financing Vladimir Putin’s war machine without sending their economies into recession. The latest idea, advanced at the G-7 summit this … Read more