Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

Bermuda Doubles Down on Crypto Despite Recent Market Turmoil

Bermuda, long known for its offshore insurance and reinsurance industry, is betting that its transparency around digital-asset regulation can help it attract more cryptocurrency projects and firms, despite the recent turmoil in crypto markets. “We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns — and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

Exclusive: Fed’s Bostic says idea of ​​September pause is not tied to any looming market rescue

Atlanta Fed President Raphael Bostic, in an exclusive interview with MarketWatch, said his suggestion that the central bank take a September “pause” in its push to raise interest rates should not be construed in any way as a “Fed put,” or belief that the central bank would come to the rescue of markets. In a … Read more

White House unveils a monthlong focus on the economy as prices rise and poll numbers fall

CNN — Facing rising prices and deep vote dissatisfaction, the White House this week is launching a month-long effort to signal heavy focus on the economy as inflation worries become the top concern for the White House before this fall’s midterm elections. It’s not the first time President Joe Biden and his aides have sought … Read more