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Text size The prices of cryptocurrencies like Bitcoin and Ether have plummeted this year. Dusan Zidar/Dreamstime Between a collapse in prices, layoffs, and high-profile defaults, the winds of the next so-called cryptocurrency winter are blowing for Bitcoin and other digital assets. Bitcoin was trading near $20,200 late on Wednesday afternoon, down by more than two-thirds … Read More “A Crypto Winter Is Setting In. Why the Outlook Is Different This Time.” »
Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery/AFP via Getty Images Stocks wavered on Wednesday ahead of a summit of top central bankers where investors will closely watch for signals of the Federal Reserve’s pathway on monetary policy. Futures for the Dow Jones Industrial Average rose 40 … Read More “Stock Market Today: Dow Futures Waver Ahead of Powell Remarks at Summit” »
Text size JPMorgan Chase held its dividends flat due to increasing capital requirements following the Federal Reserve’s stress test. Justin Sullivan/Getty Images Banks may have gotten a clean bill of health last week but many are now showing restraint with dividends and buybacks—and shareholders aren’t happy. Last week, the nation’s largest banks passed the Federal … Read More “Banks Are Healthy. Why They’re Holding Back on Dividends.” »
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo , and Bank of America said they would raise their dividends after the Federal Reserve gave the banks a clean bill of health in its annual stress test, saying they could withstand … Read More “Bank Stocks Boost Dividends After Fed Stress Tests” »
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo and Bank of America said they would raise their dividends after the Federal Reserve gave the banks a clean bill of health in its annual stress test, saying they could withstand a … Read More “Goldman Sachs and Wells Fargo Boost Dividends After Fed Stress Tests” »
A general view of the Kremlin, Red Square and St. Basil’s Cathedral in central Moscow. AFP via Getty Images Text size Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions levied against the country after the Ukraine invasion have consequences. But it’s probably not that … Read More “The Russian Default Is Less Worrisome Than It Appears. Keep Watching Oil.” »
Text size Stocks have rallied in recent sessions as investors fears have eased over aggressive Federal Reserve tightening. Dreamstime Stocks continued their momentum from a rally last week and were rising Monday with fears easing over more aggressive interest-rate increases from the Federal Reserve. Futures for the Dow Jones Industrial Average rose 160 points, or … Read More “Stock Market Today: Dow Futures Rise as Fears Over an Aggressive Fed Ease” »
Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch/Getty Images) Even bear markets get bounces. The stock market had a terrific week, and for the first time in a long time, the rally feels like it can last. The Dow Jones Industrial Average rose 5.4%, the S&P 500 gained 6.4%, and the Nasdaq Composite climbed … Read More “The Stock Market Rally Is Real. It’s Still a Bear Market.” »
Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read More “Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.” »
Text size It will be an economic-data heavy week, but there are several notable companies reporting earnings as well. They will include Nike and Jefferies Financial Group on Monday, then General Mills and McCormick on Wednesday. On Thursday, Constellation Brands, Micron Technology , and Walgreens Boots Alliance will report. Investor days will come from FedEx … Read More “Nike, Walgreens, FedEx, Constellation, and Other Stocks to Watch This Week” »
