Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at FrancesYue_ to send feedback, or tell us what you think we … Read more

Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at FrancesYue_ to send feedback, or tell us what you think we … Read more

Stock Market Is Top-Heavy, but Carnage Is Wide

Eight companies are to blame for nearly half the stock market’s decline this year — and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 … Read more

In This Economy, Getting Fired Takes Hard Work

To hold down a job these days, a worker seemingly needs one essential trait: a pulse. Some jobs have always required little more than the ability to stay awake. In the tightest labor market in a half-century, people in higher functions may get by just going through the motions, too. “You’d have to be incredibly … Read more

Dollar General and Dollar Tree Earnings Are the Next Big Test for Retailers

Text size Dollar General and Dollar Tree report earnings next Thursday. Justin Sullivan / Getty Images Dollar General and Dollar Tree report earnings next week, but the stocks got crushed well in advance of their releases. That’s because investors are pricing in bad news that’s almost certain to come — and may create a buying … Read more

Stock Selloff Crunches SPAC Creators as They Race to Find Deals

An investor stampede out of risky trades is squeezing SPACs that are running out of time to find companies to take public, potentially leaving their architects without deals and saddled with sizable losses. Firms that have gone public through mergers with special-purpose acquisition companies have tumbled lately alongside the technology sector and cryptocurrencies. Supply-chain disruptions … Read more

Will the stock market drop 20% or 48% from the peak? Here’s the key factor, says this strategist.

“Is the economy under control or is it spiraling out of control? That’s the million-dollar question traders continue arguing over, ”sums up CrackedMarket blogger Jani Ziedins. Clearly, the latter argument prevailed – again – after Wall Street’s worst day in two years, and futures hinting more pain for Thursday. Among the gloomsters, Guggenheim’s Scott Minerd … Read more

‘We did not have a plan for a country to shut down’ – Cisco stock plunges 13% as China lockdown affects supply and outlook

Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $ 1 billion short of Wall Street expectations, which executives blamed on COVID shutdowns in China. Cisco CSCO, -4.43% shares dropped 13% after hours, following a 4.4% decline in the regular session to close at … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

US COVID cases at highest levels since November, while Northeast and Midwest are above delta peak

COVID cases continued to rise across the US on Monday and were trending at the highest levels seen since late November around the time that South African scientists first identified the highly transmissible omicron variant which quickly became dominant around the world. Sine then, the BA.2 variant of omicron, and two other subvariants named BA.2.12 … Read more