Articles

Grayscale files plans for ‘mini’ bitcoin fund, two months after GBTC’s conversion to ETF

Grayscale Investments is planning a second exchange-traded fund tracking spot bitcoin prices, just two months after the firm’s flagship Grayscale Bitcoin Trust converted to an ETF, according to a regulatory filing.

Macy’s closing 150 stores is not exactly a shocker. Here’s why I never shop at department stores anymore.

Experts say the once-dominant retail concept needs to adapt and evolve. But the clock is ticking.

Citadel’s Ken Griffin: Fed must go slow on rate cuts to avoid disaster

Citadel’s Ken Griffin warns that a Fed policy flip-flop would be the ‘most devastating course.’

Coinbase plans $1 billion convertible-debt deal after stock surge

The cryptocurrency marketplace is headed to Wall Street to raise money through a convertible offering.

Allbirds announces new CEO, plans to close some U.S. stores as shoe demand remains subdued

Shares of Allbirds Inc. sank after hours on Tuesday after the footwear maker forecast full-year sales that were below expectations and said it would close some stores.

IBM begins layoffs amid push toward AI

IBM Corp. on Tuesday notified employees in its marketing and communications division that it’s making cuts, the latest large tech company to trim its payroll.

Why this SoFi bull spies ‘opportunity in others’ fear’

SoFi’s stock continues to find defenders in the wake of the financial-technology company’s capital-raise announcement last week.

Despite fears, retailers have so far avoided impact of Red Sea disruption

The Houthi attacks on cargo ships in the Red Sea, which started last year, sparked concern about the impact on retailers confronted with increased shipping rates and longer journey times as freight is rerouted from the troubled region.

Global stocks are headed for a correction, but the pullback likely won’t snowball into a bear market, Ned Davis Research says

Stocks trading around the world have trudged to record or near-record highs this year, leaving them vulnerable to a correction once the “sugar high” of excessive investor enthusiasm wears off.

Boeing’s February deliveries slow down amid Max uncertainty

Boeing Co.’s February deliveries does little to ease worries about the jet maker.

Pell Grants are in trouble, threatening financial aid for low-income college students

The program, relied upon by 6 million students annually, is facing a serious financial shortfall.

The last mile of inflation hits another big bump in the road

Getting to 2% inflation from 3% could be tricky.
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