Articles

Crypto: Bitcoin remains under pressure following flash-crash of $2,000

Bitcoin prices tumbled over 9% briefly late Thursday, with analysts offering up several reasons for the fall.

: China sets yuan fix at biggest gap to estimate on record

China has made the biggest defense of its beleaguered currency via fixing on record.

: This cartoon on the U.S. economy from a Chinese state propaganda organ has everyone confused

Sometimes the unvarnished truth comes from one's harshest critics, but a cartoon on the U.S. from the Chinese government has everyone puzzled.

Market Extra: China Evergrande collapse shows need for $1 trillion Beijing rescue plan, says Clocktower strategist

China Evergrande's bankruptcy filing in New York on Thursday shows a need for Beijing to go big, and soon, to sop up the nation's soured real estate, says Clocktower Group's Marko Papic.

IPO Report: At long last, Instacart is reportedly eyeing IPO in September

Instacart Inc. plans to launch its long-awaited initial public offering in September, Bloomberg News reported late Thursday.

Dow Jones Newswires: Japan’s overall consumer prices rise 3.3% in July

Japan's consumer prices rose over 3% in July, remaining well above the Bank of Japan's 2% target.

The Tell: Treasury market returns are negative again. Why this time for bonds looks different than 2022.

"Approach it with a deep breath, and know this is going to work out in the end,' says Ryan Murphy, director of fixed income business development at Capital Group.

: San Francisco asks state regulators to pause robotaxi rollout, reassess approval

Less than a week after California regulators opened the floodgates to driverless robotaxis in San Francisco, the city has asked for that rollout to be suspended.

Earnings Results: Walmart expects to make a lot more money on selling ads for its products. Here’s what it’s up against.

Walmary is hoping to make a lot more money off of advertisements promoting the things it sells. One analyst says it won't necessarily be easy.

: China Evergrande files for Chapter 15 bankruptcy: reports

Heavily-indebted Evergrande, which has symbolized China's property crisis, made its filing amid growing fears that the sector's troubles will spread to other parts of the country's economy.

Market Extra: Traders brace for explosion of volatility Friday as $2.2 trillion in stock options expire

It's that time again: monthly stock-market options for August are set to expire on Friday, potentially spurring more volatility in stocks after a bruising three-week run.

Earnings Results: Ross’s stock rallies more than 4% after off-price retailer raises outlook, says people are looking for bargains

Shares of Ross Stores Inc. rose more than 4% after the company joined other off-price retailers in surprising Wall Street with a beat-and-raise.
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