WASHINGTON — Investors are asking the courts to decide an existential question for the cryptocurrency industry: whether digital tokens are, for legal purposes, more similar to stocks or to gold. Attorneys for cryptocurrency-trading platform Coinbase Global Inc. COIN 4.02% filed a motion this month to dismiss a class-action lawsuit arguing that 79 of the tokens … Read more
Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the widest possible audience. As stocks plunged earlier this month, Marks – who built one of the most successful distressed-debt funds in … Read more
There is hope for first-time buyers looking to enter the US housing market, but observers say they will have to be patient. After a two-year surge in home prices during the COVID-19 pandemic, the housing market is finally showing signs of cooling – in terms of demand and sales, if not those persistently high prices … Read more
There is hope for first-time buyers looking to enter the US housing market, but observers say they will have to be patient. After a two-year surge in home prices during the COVID-19 pandemic, the housing market is finally showing signs of cooling – in terms of demand and sales, if not those persistently high prices … Read more
Stocks are settling in for more choppy action, as investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday. But we’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who … Read more
June on Netflix is more than just the shoulder season between seasons of “Stranger Things,” especially on the international front. The cult hit British crime drama “Peaky Blinkers” (June 10), which aired in the UK earlier this year, returns for its sixth and final season. The violent exploits of the early-20th-century Birmingham gang pick up … Read more
Nvidia Corp. shares fell in the extended session Wednesday after COVID shutdowns in China and the war in Ukraine shaved half a billion dollars off the chip maker’s outlook for the current quarter, while the company reported record results. For the fiscal second, or current, quarter, Nvidia NVDA, + 5.08% forecast revenue of $ 7.94 … Read more
June on Netflix is more than just the shoulder season between seasons of “Stranger Things,” especially on the international front. The cult hit British crime drama “Peaky Blinkers” (June 10), which aired in the UK earlier this year, returns for its sixth and final season. The violent exploits of the early-20th-century Birmingham gang pick up … Read more
WASHINGTON — Regulators proposed new requirements for investment funds that tap into public anxiety about climate change or social justice, in an effort to address concerns about “greenwashing” by asset managers seeking higher fees. The Securities and Exchange Commission voted Wednesday to issue two proposals that aim to give investors more information about mutual funds, … Read more
The stock market, shocked by the Federal Reserve’s policy changes to fight inflation, has been gored this year, with growth and technology companies bearing the brunt of the biggest declines. Dividend stocks, in contrast, have actually risen. Below is a screen of the components of the S&P 500 High Yield Index expected to raise their … Read more