Town WSJ Graphics Staff July 1, 2022 5:30 am ET Listen to article (1 minute) Markets got off to a bad start in early 2022, and the situation has grown worse since then, with broad selloffs in stocks, bonds and cryptocurrencies. As investors look ahead to the second half of the year, they are asking … Read more
Shares of US Bancorp USB, -0.22% dropped 0.22% to $ 46.02 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.88% falling 0.88% to 3,785.38 and Dow Jones Industrial Average DJIA, -0.82% falling 0.82% to 30,775.43. This was the stock’s fourth consecutive day … Read more
Residential lender First Guaranty Mortgage Corp. filed for bankruptcy, citing worsening conditions in the mortgage market as home sales slow and fewer home borrowers refinance due to rising interest rates and tight housing supply. First Guaranty cut 471 jobs, nearly 80% of its workforce, and ceased loan originations ahead of Thursday’s chapter 11 filing. The … Read more
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 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. The Dow Jones Industrial Average fell 509 points, … 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 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%.
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
Remember how the banking system self-destructs every few decades? Now imagine if banks only lent money to finance other banks, and you may get a notion of the house of cards that is “decentralized finance,” or DeFi. Cryptocurrencies keep nosediving, with bitcoin hovering around $ 20,000 for the first time since 2020. The chaos has … Read more
Shares of Bank of America Corp. BAC, -1.24% slipped 1.24% to $ 31.86 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, + 0.27% rising 0.27% to 31,029.31 and the S&P 500 Index SPX, -0.07% falling 0.07% to 3,818.83. This was the … 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 law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.
Single-family offices across the world are moving deeper into private markets in response to higher inflation, rising interest rates, and central banks scaling back their market support, a UBS Global Wealth Management report revealed earlier this month. Among 221 family offices surveyed — with an average total wealth of US $ 2.2 billion — many … Read more