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

India’s Tech IPO Market Thaws Out, Just a Little

After a brutal beginning to 2022, India saw a surprisingly successful listing of a venture-backed startup on the public grants last week. But investors shouldn’t expect healthy animal spirits roaming back into the Indian IPO market just yet. Delhivery, which makes its living doing logistics for other e-commerce firms in India and counts SoftBank, Tiger … Read more

How a Strong Dollar Hits Microsoft, Other Big US Companies

Microsoft Corp. MSFT 0.79% on Thursday cut its sales and earnings guidance, citing the US dollar’s gains in foreign-exchange markets. Here’s why the dollar has climbed so much this year and what that means for companies and stocks. The US Dollar Index, which tracks the currency against a basket of others, has risen roughly 13% … Read more

SeatGeek and Forbes Nix SPAC Deals During Market Pullback

Ticketing platform SeatGeek and media outlet Forbes Global Media Holdings Inc. terminated their mergers with blank-check firms on Wednesday, underscoring the challenges of taking companies public during this year’s stock-market turbulence. SeatGeek and Forbes became the latest companies to end combinations with special-purpose acquisition companies, or SPACs, after many investors soured on the once-hot alternative … Read more

Stocks Fall, Oil Prices Gain as EU Commits to Partial Russian Crude Ban

US stocks fell on Tuesday, resuming their downward trajectory after last week’s rally, while a pledge among European Union leaders to curb oil purchases from Russia lifted crude prices. The S&P 500 dropped about 0.6% in morning trading, a day after US markets were closed for Memorial Day. The benchmark index had risen 0.6% for … Read more

Oil Gains as EU Commits to Partial Russian Crude Ban

A pledge among European Union leaders to curb oil purchases from Russia lifted crude prices, while US stock futures fell, reigniting volatility in the markets during the last trading session of the month. Futures for the S&P 500 fell 0.3% Tuesday, a day after US markets were closed for Memorial Day. The benchmark index had … Read more

Global Stocks Rise as China Signals Stimulus for Shanghai

International stocks rose Monday, extending a rally that has pared some of this year’s losses, while US markets were closed for the Memorial Day holiday. The Stoxx Europe 600 added 0.6%, led by shares of technology and luxury-goods firms. Germany’s DAX gained 0.8% and London’s FTSE 100 edged up 0.2%. Global markets were boosted by … Read more