Fintech Chime Financial Is Staying Private As IPO Market Falters

Text size *** ONE-TIME USE *** Dreamstime Chime Financial, a highly valued fintech, may have put its plans to go public on hold. “We have not only the opportunity to add additional products and services, but we will continue to get into more areas of our members’ financial lives,” said Chris Britt, Chime co-founder and … Read more

Stock Market Moves Higher Than S&P 500, Nasdaq Rise More Than 6% This Week

The S&P 500 rose Friday, extending a recent stretch of gains and snapping a weekslong losing streak. The broad-market benchmark was up 2.5% Friday. The Dow Jones Industrial Average added 576 points, or about 1.8%, and the Nasdaq Composite climbed 3.3%, with gains accelerating through the afternoon. The rally builds on days of gains and … Read more

TerraUSD Crash Led to Vanished Savings, Shattered Dreams

TerraUSD was touted as a blue-chip cryptocurrency. Now its investors are reeling from painful losses and asking if it was all a get-rich-quick scheme. A surgeon in Massachusetts can not stop thinking about how he lost his family’s nest egg. A young Ukrainian considered suicide after losing 90% of his savings. Other investors have given … Read more

US to Send Advanced Rocket Systems to Kyiv, Officials Say

The Biden administration is expected to announce as early as next week it will send to Ukraine long-range rocket systems Kyiv says are necessary to fight off the Russian onslaught in the Donbas region, US officials said Friday. Among the weapons the US is expected to provide are Multiple Launch Rocket Systems, or MLRS, which … Read more

Canopy Growth Stock Is Falling As Earnings Disappoint Wall Street

Text size Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared to the same quarter a year ago. Chris Roussakis / Bloomberg Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations. The Canadian cannabis company (ticker: CGC) posted a per-share loss of … Read more

Tether Bets on Emerging Markets as Stablecoin Battle Heats Up

Tether is making a push into emerging markets as competition grows with rival stablecoin issuer Circle. The largest cryptocurrency after Bitcoin and Ether, Tether’s USDT has long been the leading stablecoin — a type of digital token pegged to a real asset, such as the dollar. But USDT’s dominance has recently come under pressure. Rival … Read more

Will the Stock Market Recover? 10 Reasons the Rally Might Be Real.

Text size Investors have been fooled before. Why this stock market rally feels like the real thing. Spencer Platt / Getty Images The stock market has been rallying this week. This one, unlike other attempts at a bounce, has a decent chance of lasting. The S&P 500 has gained 6% since Friday afternoon, when the … Read more

Stock Market Moves Higher than S&P 500, Nasdaq Rise

The S&P 500 rose Friday morning, on track to extend a recent stretch of gains and snap a seven-week losing streak. The S&P 500 advanced 1.6%. The Dow Jones Industrial Average added 258 points, or 0.8%, and the Nasdaq Composite climbed 2.4%. On Thursday, stocks climbed, pushing the Dow to its fifth consecutive daily gain.

Managed-Futures Funds Look Like a Smart Bet in a Tough Market

Managed-futures funds provide exposure to more than 100 futures markets, including relatively obscure ones, such as European natural gas. Norway’s Equinor, whose drilling platform is pictured, is one of Europe’s largest natural-gas producers. Carina Johansen / Bloomberg Text size In a rocky year for stocks and bonds, mutual funds pursuing an investment approach that has … Read more