Crypto platform Voyager Digital shares plunge 60% after revealing $ 665 million exposure to embattled hedge fund; considers issuing default notice

Crypto platform Voyager Digital Ltd. VOYG, -58.13% shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto hedge fund Three Arrows Capital for failure to repay its loan. Voyager’s exposure to Three Arrows includes 15,250 bitcoin, or about $ 315 million … Read more

Stock market crash, recession and your 401 (k). Here’s what to do.

Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it for the long haul: distract yourself. Retirement Tip of the Week: With markets acting up, and lots of red ticker … Read more

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the … Read more

Micro Focus 1H Revenue Fell Amid Market Volatility – Earnings Review

By Kyle Morris Micro Focus International PLC reported results for its fiscal 2022 first half on Wednesday. Here’s what we watched: REVENUE: Revenue for the first half was $ 1.27 billion from $ 1.43 billion a year before. On a constant-currency basis, revenue fell 6.8%. Revenue was forecast at $ 1.3 billion according to one … Read more

FDA to Order Juul E-Cigarettes off US Market

The Food and Drug Administration is preparing to order Juul Labs Inc. to take its e-cigarettes off the US market, according to people familiar with the matter. The FDA could announce its decision as early as Wednesday, the people said. The marketing denial order would follow a nearly two-year review of data presented by the … Read more

Gold prices climb as markets reverse prior day’s move

Gold prices rose on Wednesday as markets broadly reversed their moves from Tuesday’s post-holiday session in the US Still, it remained very much trapped in a range between $ 1,800 per ounce and $ 1,890 per ounce – a range that has held for the past six weeks. Price action Gold futures GC00, + 0.32% … Read more

Turkish Defense Industry Grows Cautious Over Selling Weapons to Ukraine

ANKARA, Turkey — The head of Turkey’s weapons-production agency said the country must be cautious about delivering more arms to Ukraine, months after Turkish-made drones played a critical role in the defense against Russia’s invasion. “We are much more careful,” he said Ismail Demirthe president of Turkey’s Defense Industry Agency and a top official in … Read more

Schwab Is ‘Relatively Insulated’ From Market Risks. It’s a Buy, Says Analyst.

Text size The Charles Schwab logo is displayed in front of a Charles Schwab office in San Francisco, California. Justin Sullivan / Getty Images Charles Schwab stock has struggled over the last year, rocked by a smattering of disappointing earnings and concerns over the macroeconomic environment. But the tide could be changing for Schwab (ticker: … Read more

Market Turmoil Pummeled Stocks of Private Equity Firms. Why It’s Time to Buy.

TPG said Tuesday it was buying Convey Health Solutions Holdings, a healthcare technology company, for $ 10.50 a share, or $ 1.1 billion. Dreamstime Text size This year’s market downturn has pummeled shares of publicly traded private equity firms, but the group, which includes TPG spirit Carlyle Group , ultimately is expected to gain from … Read more

A Woke Mandate for the Federal Reserve

The Federal Reserve building in Washington, DC Photo: CHRIS WATTIE / REUTERS President Biden recently promised in these pages not to interfere with the Federal Reserve. Yet last week he endorsed a House bill that would add racial equity to the Fed’s dual mandate of price stability and full employment. How does the White House … Read more