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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, […]
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‘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. […]
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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.