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  • US stock futures jump on China rate cut

    Global equities and U.S. equity futures rose, recovering ground after the S&P 500 nearly fell into a bear market and China’s central bank cut a key interest rate. Futures linked to the S&P 500 climbed 1.1%, suggesting the broad index could rebound after closing down 0.6% and hitting the lowest level since March 2021 on […]

  • GOP-led legislation would force Google’s ad business to shut down

    A bipartisan group of senators led by the Utah Republican mike lee introduced legislation on Thursday that would target conflicts of interest in the ad-tech industry and force Google to dismantle its dominant online advertising business. The bill, co-sponsored by the senses. Ted Cruz (R., Texas), Amy Klobuchar (D., Minn.) and Richard Blumenthal (D., Conn.), […]

  • Cathie Wood has a simple answer to Tesla’s exclusion from an S&P 500 ESG index: ‘Ridiculous’

    Cathie Wood isn’t thrilled that one of her most popular investments, Tesla Inc., is being left out of a leading index that tracks environmentally and socially responsible companies. “Ridiculous,” was essentially Wood’s terse response to the news that the S&P 500 ESG Index dropped Elon Musk’s electric vehicle maker Tesla TSLA. -6.80% of its range, […]

  • ‘Boeing management is running around like headless chickens,’ says Ryanair CEO in earnings tirade

    Michael O’Leary, chief executive of Ryanair Holdings Inc., stormed into Boeing Co. during an earnings call on Monday, slamming the aircraft maker’s “tremendous mismanagement” and calling for a top-down shakeup. “At the moment, we believe that Boeing management is running around like headless chickens, unable to sell planes, and even the planes they deliver, they […]

  • ‘Nowhere to hide?’ What’s next as stocks plummet to bear market amid stagflation fears

    A big rebound in stocks on Friday still leaves the main U.S. stock market benchmark on the verge of entering a bear market as investors worry about the Federal Reserve’s ability to tame inflation without sinking the economy. economy are stoking fears of stagflation – a pernicious combination of slowing economic growth and persistent inflation. […]

  • Crypto investor Barry Silbert offers sympathy and advice to those who lost fortunes this week

    Billionaire crypto investor Barry Silbert, founder and CEO of Digital Currency Group, offered his sympathy and advice on Saturday to those who have lost fortunes recently. It’s been a tough six months to be a crypto investor. Seesaw markets, shaky asset prices, rising interest rates and high inflation have all combined to shock the stock, […]

  • The S&P 500 is on the verge of a bear market. Here is the threshold.

    The latest bull market in U.S. stocks was set to expire on Thursday afternoon, with the benchmark S&P 500 holding just below the threshold that marks bearish territory. The S&P 500 SPX was down 73 points, or 1.9%, at 3,860.88 in afternoon trade, after ending Wednesday about 18% below its record close in early January. […]

  • Bitcoin Price Rebounds After Falling Below $26,000

    Bitcoin plunged, then rebounded, and the world’s largest stablecoin, tether, briefly fell from its $1 peg, adding to fears of further turmoil in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On the one hand, fears that inflation will require aggressive central bank tightening have undermined the desire to hold perceived […]

  • Disney Reports Increase in Disney+ Subscribers in Last Quarter

    waltz disney announced better-than-expected subscription numbers for its Disney+ streaming service in the last quarter, avoiding a downturn that dogged streaming rival Netflix Inc. For the company’s second fiscal quarter, Disney announced 7.9 million new Disney+ subscribers to reach 137.7 million subscribers, up from 129.8 million in the prior quarter. Analysts polled by FactSet expected […]

  • TerraUSD Cryptocurrency Plunges as Investors Bail Out

    A sell-off in a cryptocurrency believed to be pegged to $1 accelerated on Wednesday, briefly sending its price below a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 2:43 p.m. ET, it had partially rebounded to around 68 cents in volatile trading.