This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why
A price crash, the collapse of key crypto projects, interconnected loans and the inability to repay debt have been key features of the latest downturn.
Financial News
Chinese companies are going global as growth slows at home
Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia.
From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it
The bankruptcy filing of 3AC, a crypto hedge fund that failed to meet margin calls, set off a domino effect in the market.
China factories are feeling some heat as U.S., Europe demand slows
Softening demand is the latest threat to world trade, after two years of supply chain disruptions.
Another hot inflation report and the start of earnings season make for a challenging week ahead
June consumer inflation data and the start of the second-quarter earnings season could be two catalysts that make for bumpy markets in the week ahead.
Japanese stocks give up some gains after reports that former PM Shinzo Abe was shot
Japan’s stocks gave up some gains on reports that former Japanese Prime Minister Shinzo Abe was gravely injured in an apparent shooting.
Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction
Japan’s central bank has remained loose. But it could be nearing an inflection point.
Stocks stage big comeback Tuesday with S&P 500 finishing slightly higher after erasing 2% loss
Stocks staged a comeback on Tuesday as investors weighed slowing economic growth and lower interest rates.
China’s Liu He and U.S. Treasury Secretary Janet Yellen hold virtual talks
China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call about macroeconomic issues, according to statements from both sides.
Asia-Pacific markets are mixed as investors search for direction
Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday.