Several cryptocurrency exchanges and online brokerage firms are reporting an increase in the number of women trading crypto in the past year. Some are expecting that number to rise further, thanks in part to investors’ greater awareness of the asset class, their desire to buy into hot markets and the promise of boosting their savings. […]
Intel said a global chip-supply shortage could stretch two more years as the U.S. semiconductor giant posted weaker quarterly earnings. Photo: David Paul Morris/Bloomberg News April 23, 2021 7:00 am ET For Intel Corp. INTC -5.32% , it seemed like life was going to get a little better before it got a lot harder. As […]
JPMorgan Chase JPM 1.91% & Co. made a rare public apology, saying its role providing the financial backing for a new European soccer league was a misjudgment. The breakaway Super League aimed to reshape the European soccer landscape but collapsed this week as six of the proposed circuit’s 12 elite clubs pulled out following ferocious […]
Blackstone Group Inc. BX 5.14% swung to a record quarterly profit as its focus on rapidly growing companies helped the value of its investments climb more than the broader market. The investment giant posted net income of $1.75 billion, or $2.46 a share, for the first quarter. That compares with a loss of $1.07 billion, […]
Updated April 22, 2021 9:00 am ET Here’s what we’re watching ahead of the opening bell on Thursday. U.S. stock futures paused ahead of another batch of earnings and data that will give investors fresh insights into the economic recovery. Futures for the S&P 500 and the Dow Jones Industrial Average were flat. Futures on […]
The collapse of Bill Hwang’s Archegos Capital Management in late March took many investors and several banks by surprise when ViacomCBS Inc. and Discovery Inc.’s DISCB -3.41% share prices tumbled. It turns out that some companies were also left wondering why their share prices whipsawed. Executives at online lender LendingClub Corp. LC 0.86% and digital […]
Updated April 21, 2021 9:04 am ET Here’s what we’re watching ahead of Wednesday’s opening bell. U.S. stock futures slipped as the global Covid-19 infection rate and potential for new variants led to concerns about the pace of world economic recovery. Futures tied to the S&P 500 fell 0.2%, and contracts on the Dow Jones […]
Regulators in Switzerland and the U.S. asked Credit Suisse Group AG CS 0.87% for more information in recent days about additional stock sales related to the collapse of Archegos Capital Management, according to people familiar with the matter. The sales could result in additional losses that go beyond the $4.7 billion hit the bank disclosed […]
Demand for business loans in the eurozone fell and banks tightened credit standards in the first quarter of this year, a toxic combination that challenges the bloc’s slow economic recovery from the pandemic. According to the European Central Bank’s latest lending survey released Tuesday, demand from companies for loans and credit lines fell for the […]
China’s Meituan is raising nearly $10 billion from investors, hoping it will be able to gain an edge on its e-commerce rivals by spending heavily on technology allowing it to deliver goods using drones and self-driving cars. Meituan is one of China’s most valuable tech companies. Its app lets users order various real-world services including […]
