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The recent troubles at New York Community Bancorp Inc. are not a sign of systemic problems in the U.S. banking system, a top Federal Reserve official said Wednesday.

Revenue falls short of Wall Street expectations, and Fastly’s shares drop more than 20%.

The chipmaker, which Druckenmiller touted early last year, comprised roughly 16% of his total stock holdings.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Cisco Systems Inc. announced a restructuring plan on Wednesday that includes job cuts of 5%, or about 4,200 people, on lower quarterly and fiscal-year guidance.

MGM Resorts beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing,” but the casino and hotel operator’s stock continued to suffer from a post-game hangover.

The company exceeded revenue expectations for its just-completed quarter.

Corporate bankruptcies in January touched their highest level since 2020, according to Epiq Bankruptcy and Barclays.

Michael Burry’s Scion Asset Management scooped up shares of Alphabet Inc. and Amazon.com Inc. during the fourth quarter of 2023

The disruptions caused by Houthi attacks on cargo ships in the Red Sea would be much worse were it not for the Lunar New Year holiday and the lingering effects of the pandemic, according to logistics expert Pawan Joshi.

Investors are debating whether Tuesday’s market selloff went too far.

U.S. stocks may have some room to keep up their bullish run before the Federal Reserve’s first interest-rate cut —  despite a jump in volatility after Tuesday’s hotter-than-anticipated inflation data, according to DataTrek Research.