Recession Looms, But Markets Haven’t Got the Message

After 28 trading days away from the markets*, I’ve come back to find that a new narrative of impending recession is quickly taking hold. Yet, look at the markets themselves and the story isn’t much reflected in asset prices, which are still beholden to the Federal Reserve. This creates both risks and opportunities. Start with … Read more

SEC’s Gensler warns Americans are diverting savings to ‘speculative crypto assets,’ says market needs investor protection

Securities and Exchange Commission Chairman Gary Gensler reiterated his intention to bring cryptocurrency exchanges and lending platforms into its regulatory purview during a speech before the North American Securities Administrators Association on Tuesday. “Over the past year, several bank executives have shared their personal concerns with me about the sheer number of depositors who have … Read more

US and Japan Embrace the Open Internet

A branch of Rakuten Mobile in Tokyo, Dec. 14, 2017. Photo: kim kyung-hoon/Reuters Tokyo Most Americans think of Japan as manufacturing world-class cars and consumer electronics. But Japan is also a tech-services superpower that encourages online commerce, embraces artificial intelligence, exports innovative video games, and works in partnership with the US to revolutionize mobile connectivity. … Read more

US and Japan Embrace the Open Internet

A branch of Rakuten Mobile in Tokyo, Dec. 14, 2017. Photo: kim kyung-hoon/Reuters Tokyo Most Americans think of Japan as manufacturing world-class cars and consumer electronics. But Japan is also a tech-services superpower that encourages online commerce, embraces artificial intelligence, exports innovative video games, and works in partnership with the US to revolutionize mobile connectivity. … Read more

Stock Market Today: Dow Futures Rise, Tech Outperforms, China Lockdowns to Ease

text size Fed Chair Jerome Powell is one of six officials from the central bank speaking Tuesday. Tim Williams/Getty Images Stocks rose as China moved to curb Covid-19 lockdowns that have threatened global disruption, with a wave of US economic data and Federal Reserve speakers in the day ahead as investors continue to focus on … Read more

Asian markets gain as China COVID progress outweighs Wall Street losses

Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong’s Hang Seng HSI, +2.23% gained 2.2% while the Nikkei 225 NIK, +0.29% in Tokyo edged 0.4% higher. In Seoul, the Kospi 180721, +0.79% pink 0.8%. Australia’s S&P/ASX 200 XJO, +0.15% added 0.2% while the … Read more

Falling Markets Will Crush Government Budgets

A trader works on the floor of the New York Stock Exchange, Aug. 21, 2015. Photo: Brendan McDermid/REUTERS Investors are painfully aware of the plunge in stock and bond markets so far in 2022. Are federal and state officials aware of the damage plunging markets will soon do to public budgets and finances? Tax revenue … Read more

Stock Market Selloff Breaks as Dow Wavers

US stocks rose in afternoon trading Monday as investors tried to build momentum off Friday’s rally. The Dow Jones Industrial Average rose 0.5% in afternoon trading, while the broad stock market index 500 advanced less than 0.1%, and the technology-heavy Nasdaq Composite Index dropped 0.7%. Last week, the S&P 500 suffered its longest weekly losing … Read more

NFT Sales Are Flatlining – WSJ

The NFT market is collapsing. The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible. The number of active wallets in the NFT market fell 88% to about 14,000 last week … Read more

What to Know if You Want to Buy the Stock Market Dip

Investors have long shared a dream: that the Federal Reserve will always flood the markets with cheap money whenever asset prices fall too far. In 2022, that dream has turned to a nightmare. With the Fed determined to stifle inflation, the threat of rising interest rates has knocked $10 trillion off the market value of … Read more