Bitcoin’s rally this year has caught a lot of attention. Yet the coin has seemingly stopped its advance at $28,000, a key trading point around which it’s been meandering in recent days.
Professional stock pickers who feasted on last year’s volatility were positioned for more of the same heading into 2023. They got something else entirely, and are paying for it in their returns.
Western Alliance Bancorp pared earlier declines after saying deposits shrank less than some analysts had estimated and that money was flowing back into the bank.
Wall Street saw a renewed flight to safety, with stocks dropping and bonds climbing after weaker-than-estimated economic data revived fears that a recession could be in store.
A Los Angeles policy of awarding exclusive contracts to jail service providers is a benefit to the multibillion-dollar private equity firms that control the companies, but the costs are borne by prisoners who have no alternatives, according to a proposed class-action lawsuit.
Tiger Global Management’s hedge fund gained 7.3% in the first quarter as a rally in technology shares helped the firm begin to dig out from last year’s record losses.
Goldman Sachs Group Inc. was fined $3 million by the Financial Industry Regulatory Authority, or Finra, for mistakenly marking tens of millions of stock orders as long instead of short, according to the industry-backed regulator.
Rupert Murdoch and his son Lachlan can’t avoid testifying at trial if they’re subpoenaed by Dominion Voting Systems Inc. in the company’s $1.6 billion defamation suit over Fox News’s airing of false claims that it rigged the 2020 presidential election, a judge said.
South Africa’s government has withdrawn legislation intended to widen the number of species protected by more stringent laws and has also scrapped incoming laws pertaining to the management of elephants and hunting of leopards.
US House Speaker Kevin McCarthy emerged from a meeting Wednesday with Taiwan’s President Tsai Ing-wen stressing the importance of the relationship between the two nations to economic freedom, peace and stability in the region.
