News

Two Years of Market Swagger Go Missing in Week of Stock Upheaval

The worst stretch of stock market volatility in a year left a relatively light mark on benchmark indexes, all things considered. But for risk appetites, the impact was deeper.

Miami Mayor Seeks Wider Crypto Use After Taking Pay in Bitcoin

Miami Mayor Francis Suarez, who said earlier last month he would take his next paycheck “100% in Bitcoin,” is seeking to expand the use of cryptocurrency across the city.

Omicron in Nine U.S. States; South Africa Surges: Virus Update

The omicron variant spread to at least nine U.S. states after Pennsylvania, Missouri, Maryland and Nebraska reported infections on Friday. “We absolutely have community spread” of the new strain in the U.S., Anthony Fauci, President Joe Biden’s top medical adviser, said on Bloomberg Television.

Bets That Fed Hikes May Peter Out Spur Inversions in Eurodollars

Traders are increasingly betting that the Federal Reserve’s cycle of interest-rate hikes, which hasn’t even gotten underway yet, will fizzle out sooner rather than later.

BP, Qatar Energy CEOs Drop Out of International Oil Conference

BP Plc Chief Executive Officer Bernard Looney and top energy executives from Qatar and Algeria backed out of a major international oil conference amid concerns about the spreading omicron virus variant.

More Cases of Omicron Certain Amid Community Spread, Fauci Says

Rising U.S. omicron cases are guaranteed in the coming days as the highly mutated variant has begun spreading in the community, according to Anthony Fauci, President Joe Biden’s top medical adviser.

Canada’s Real Estate Stocks Slide in Worst Streak Since January

A corner of Canada’s red-hot property sector is in a funk: shares of real estate firms are in their longest losing streak since January.

Kestra’s Kara Murphy on the Fed and Omicron Tape Bombs

Modi’s Top Priorities With Two Years to Go Until Election Day

Indian Prime Minister Narendra Modi’s repeal of controversial farm laws this week shows that hard-to-sell economic reforms will likely take a back seat as he enters the second half of his five-year term and prepares for the next election in 2024.

Bets That Fed Hikes May Peter Out Spur Inversions in Eurodollars

Traders are increasingly betting that the Federal Reserve’s cycle of interest-rate hikes, which hasn’t even gotten underway yet, will fizzle out sooner rather than later.

BP, Qatar Energy CEOs Drop Out of International Oil Conference

BP Plc Chief Executive Officer Bernard Looney and top energy executives from Qatar and Algeria backed out of a major international oil conference amid concerns about the spreading omicron virus variant.

Canada’s Real Estate Stocks Slide in Worst Streak Since January

A corner of Canada’s red-hot property sector is in a funk: shares of real estate firms are in their longest losing streak since January.

Kestra’s Kara Murphy on the Fed and Omicron Tape Bombs

Argentines Rush to Pull Dollar Savings on Fear Over Restrictions

Argentines are yanking dollars out of bank accounts at the fastest pace in 14 months amid speculation the government will make it harder for savers to access their foreign currency.

Trump SPAC Delivers Best Month Ever for Hedge Fund Veteran

Hedge fund manager Bruce Kallins can thank former President Donald Trump for the best month of his three-decade career.

When Everything Is a Growth Stock And All Money Is Venture Funds

What do you get a credit market that has everything?How about billions of dollars of loans at ultra-low interest rates to companies with no income?Having spent years chasing shrinking returns in the booming institutional loan market, yield-hungry lenders are taking a leaf out of the venture capitalist playbook and extending cash to companies that aren’t yet profitable but which might be expected to become so in the future.Last month, Medallia Inc. capped a growing trend towards ‘recurring reven

Paradigm’s Matt Huang on the Biggest Crypto Fund Ever Raised

In the Tarantino Market, the Hottest Stocks Are Getting Quietly Killed

Munger Says This Era Is 'Even Crazier' Than Dotcom Bust

Cantor CEO Lutnick on Rumble SPAC Deal, Omicron Threat

BlackRock’s Rieder Takes ‘Opportunistic’ Market Approach

BlackRock’s Rieder Says Jobs Report Gives Fed Window to Move

BofA’s Subramanian Says Bonds Are in a Bubble

Bitcoin’s Correlation With Stocks Grows as Risk Appetite Drops

On Friday, stocks rose then sunk as traders digested the latest U.S. employment data. Bitcoin followed suit, posting nearly the exact same moves.

Metaverse Coins Top Bitcoin Gains This Year, Macro Hive Says

Tether Fails to Dispel Mystery on Stablecoin’s Crucial Reserves

Ritholtz Latest to Push Into Crypto ‘Wild West’ Without Spot ETF

Bitcoin’s Correlation With Stocks Grows as Risk Appetite Drops

On Friday, stocks rose then sunk as traders digested the latest U.S. employment data. Bitcoin followed suit, posting nearly the exact same moves.

Metaverse Coins Top Bitcoin Gains This Year, Macro Hive Says

Tether Fails to Dispel Mystery on Stablecoin’s Crucial Reserves

Ritholtz Latest to Push Into Crypto ‘Wild West’ Without Spot ETF

Traders Have ‘Ridiculous’ View on Canada Rates, Rosenberg Says

Traders are being too aggressive in betting on rate increases by the Bank of Canada as the country’s labor market gets hotter, according to economist David Rosenberg.

Macquarie Weighs $600 Million Sale of Centerline Logistics

Macquarie Group Ltd. is exploring a sale of Centerline Logistics, a provider of marine petroleum transportation services, according to people with knowledge of the matter.

Canada Goose’s China Woes Set Up Worst Week Since Pandemic Began

Canada Goose Holdings Inc.’s problems in China are putting the stock on track for its biggest weekly drop since the early days of the pandemic.

China Stock Losses in U.S. Top $1 Trillion on Delisting Fear

A brutal 2021 selloff for Chinese stocks trading in the U.S. has now erased more than $1 trillion in value since February and shows no signs of easing as regulators on both sides of the globe continue to put pressure on the firms.

Apollo, EQT Said to Mull $4.5 Billion Sale of Direct ChassisLink

Apollo Global Management Inc. and EQT AB funds are exploring the sale of Direct ChassisLink Inc., the largest U.S. provider of chassis for marine and domestic containers, according to people with knowledge of the matter.

Summers Urges Fed to Signal Four ‘22 Hikes to Regain Credibility

Former Treasury Secretary Lawrence Summers said that Federal Reserve Chair Jerome Powell ought to signal the possibility of raising interest rates four times next year, in order to restore what he argues is the central bank’s lost credibility on fighting inflation.

Bitcoin’s Correlation With Stocks Grows as Risk Appetite Drops

On Friday, stocks rose then sunk as traders digested the latest U.S. employment data. Bitcoin followed suit, posting nearly the exact same moves.

Bank Stocks Whipsaw Canada’s Market With Higher Rates on Horizon

Canada’s bank stocks have had a wild ride this week, and they’re whipsawing the country’s main stock index.

AstraZeneca Studies Listing of New Vaccines Division

AstraZeneca Plc has been studying options including a potential listing of its newly-created vaccines division as it seeks ways to boost returns for investors, people with knowledge of the matter said.

From Tesla to Nvidia, Wall Street’s Favorites Keep Tumbling

The highest flying of Wall Street’s stock-market darlings are now taking a major beating.

U.K. Confirms Former BOE Official Miles to Join Budget Watchdog

The U.K. Treasury has appointed David Miles, a former Morgan Stanley economist and Bank of England rate-setter, to the government’s independent budget watchdog.

Russia Mulls Setting Wheat Export Quota at 9 Million Tons

Russia is discussing setting its wheat-export quota that runs from mid-February through June at 9 million tons, according to people familiar with the matter.

SEC’s Gensler Doubles Down on Concerns About Spot Bitcoin ETFs

BofA’s Subramanian Sees Greater Chance S&P 500 Corrects in 2022

Meta Nears Bear Market After $224 Billion Value Wipeout

U.S. Employment Surveys Diverge, Showing Mixed Labor Recovery

S&P 500 Slump Hits 1% as Jobs Report Fails to Soothe Nerves

Treasury Curve Flattens as Jobs Report Leaves Fed Outlook Intact

U.S. Services Gauge Rises to Record as Activity, Employment Firm

China’s Asymchem Said to Guide Listing Price at HK$388

Chinese drug manufacturer Asymchem Laboratories Tianjin Co. is telling prospective investors it plans to price its Hong Kong listing at HK$388 per share, according to people familiar with the matter.

Metaverse Coins Top Bitcoin Gains This Year, Macro Hive Says

Tether Fails to Dispel Mystery on Stablecoin’s Crucial Reserves

Fed on Track for Faster Taper; Bullard Says Jobs ‘Quite Strong’

U.S. Participation Rate Edges Up in Sign of Job-Market Healing

Payrolls Miss Shows Bad News Still Good for the Stock Market

‘One of the Weirdest Reports’: Investors React to the Jobs Data

The U.S. employment report for November is a tale of two very different surveys: The establishment survey suggests employment rose just 0.1% in November, but the household survey suggests employment surged by 0.7%.

FactSet, Molina, Signature Shape Up as Contenders for S&P 500

Ritholtz Latest to Push Into Crypto ‘Wild West’ Without Spot ETF

U.S. Treasury Refrains From Naming Any Currency Manipulators

MKM Partners Agrees to Be Acquired by Kazakhstani Brokerage

MKM Partners, the Wall Street boutique known for equities research and trading, signed an agreement to be acquired by Kazakhstani brokerage Freedom Holding Corp.

Paul Marshall Says U.K. Listing Rule Changes Don’t Go Far Enough

Loonie Climbs 0.3% to Session High After Massive Jobs Beat