Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read more

A Crypto Bankruptcy Could Be Investors’ Nightmare

The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be navigating uncharted territory. “What can be safely predicted is that there will be litigation, and there will be delay,” said Adam Levitin, a law professor at Georgetown … Read more

Crypto Bank Runs Are Spreading as Accounts Are Frozen

When a traditional bank files, a SWAT team of regulators swoops in, winding it down in secret and preventing a panic that could spread throughout the financial system. In cryptocurrency banking, the demise happens in full public view — and there is no regulatory SWAT team to keep the markets calm. That story unfolded this … Read more

Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we are still,” said Kyle … Read more

Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we are still,” said Kyle … Read more

Stock Futures Falter as Post-Fed Rally Fades

US stock futures and global indexes slumped, suggesting Wall Street’s post-Fed meeting rally not set to last. Futures tied to the S&P 500 dropped 1.9% on Thursday, a day after the broad index rallied 1.5% to end a five-day losing streak. Blue-chip Dow Jones Industrial Average Futures lost 1.5% while Nasdaq-100 futures fell 2.2%, putting … Read more

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more

Bitcoin Plunge Hits MicroStrategy, Nvidia and These Other Stocks

Murmurs of a “crypto winter” are intensifying and shares of crypto-exposed companies are being caught up in the carnage, particularly companies like MicroStrategy and Coinbase that made big bets on Bitcoin. The price of Bitcoin — the proxy for the cryptocurrency space — is down by more than 50% this year, exceeding the volatility that … Read more