Within days of the epic collapse of the crypto trading platform FTX, lawyers from an alphabet soup of U.S. regulatory and investigative agencies were lining up to open probes. Two major questions loom for FTX founder Sam Bankman-Fried: could he possibly face criminal charges in the U.S. and can U.S. government agencies assert jurisdiction over
Daily Trade
Coinbase Global (NASDAQ:COIN) is among the best-known platforms where people can buy and sell Bitcoin (BTC-USD) and other cryptocurrencies. However, troubles in the world of crypto have put negative pressure on COIN stock. The end result, though, should be much higher prices for Coinbase shares over the coming years. That’s because more credible exchanges will rise
Students and staff at the University of Virginia were sheltering in place Sunday night as a gunman remained on the loose following a shooting at the college’s Charlottesville campus, which resulted in three fatalities and two more injured. University police said the suspect, identified as Christopher Darnell Jones, should be considered “armed and dangerous” and
Twitter owner and Chief Executive Elon Musk continued to antagonize his critics Sunday, drawing the ire of a powerful senator who sits on the Commerce committee. On Friday, Sen. Ed Markey, D-Mass., tweeted that he was seeking answers from Musk and Twitter after a Washington Post reporter was able to — with Markey’s permission —
Democrats are projected to retain their hold on the U.S. Senate after winning a key race in Nevada, giving President Joe Biden’s party control of at least one chamber of Congress for the next two years. The Associated Press called Nevada’s Senate race for Democratic incumbent Catherine Cortez Masto over Republican challenger Adam Laxalt, giving
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks they take when they park their money with a lightly regulated firm. FTX and its affiliate companies filed for bankruptcy Nov. 11. The company’s founder, Sam Bankman-Fried, resigned his position as CEO
After years of astounding growth, Amazon (NASDAQ:AMZN) is currently out of favor among investors. Some traders reacted negatively to Amazon’s third-quarter 2022 earnings report. Others didn’t like to see the e-commerce giant halting some of its hiring activity. Yet, there are reasons to believe that AMZN stock will return to its all-time high and then reach
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Bitcoin owners are bellyaching about its plunge, but the digital currency’s volatility is no more extreme than that of stocks Bitcoin is currently trading at a 33% discount
Source: Rokas Tenys / Shutterstock.com Tesla (NASDAQ:TSLA) stock got rocked this week after CEO Elon Musk revealed he had sold $3.95 billion of his Tesla stake. Many analysts immediately drew lines from the rapid-fire disposal to Twitter’s recent stumbles. It only took the world’s richest man three months to renege on his promise to avoid
Cryptocurrency is a mess right now. And rightly so. I wrote about buying bitcoin for MarketWatch in 2013 when it was trading for $100, but I’ve spent the past year or so warning that most newer cryptocurrencies will be worthless. Here’s what I wrote earlier this year: “[M]ore than 95% of the 15,000 cryptocurrencies are silly or
The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts on Friday, with Russia’s invasion of Ukraine denting global demand and reinforcing inflationary pressures. Gross domestic product in the 19-member eurozone is forecast to grow by just 0.3% in 2023, the Commission said in its quarterly report, downgrading its July
If you’re on the prowl for bargains among major tech stocks, you may be mulling making Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) a buy. Over the past year, GOOG stock has tumbled to the tune of around 41.7%, in line with price declines among other major Nasdaq components. With this large drop, shares in the tech giant, which is
Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, as well as on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress. Bankman-Fried, founder and CEO of the
How far could a $100 wager on Baidu (NASDAQ:BIDU) stock take you? In the short term, don’t expect huge gains, as traders are still nervous about Chinese President Xi Jinping’s consolidation of power. They’re anxious about the nation’s strict Covid-19 policies as well. Yet, Baidu shares have lost so much value that there seems to
The cryptocurrency market has been hammered this week as major cryptocurrency exchange FTX falters, but one noted technical analyst says bitcoin could reach a bottom as early as Friday. Tom DeMark, the founder and CEO of DeMark Analytics, focuses on the number of days — which don’t have to be consecutive — that there was
Tumbling yet again after a poorly-received earnings report, value investors are again arguing that Meta Platforms (NASDAQ:META) is severely undervalued, and a screaming buy at current prices. Sure, on the surface, META stock appears dirt cheap. After falling nearly 72.5% over the past year, shares in the tech giant, parent company of popular social media
Shares of Marqeta Inc. were up about 6% in after-hours trading Wednesday after the company, which makes card-issuing technology, topped revenue expectations for its latest quarter and issued an upbeat forecast. The company reported a net loss of $53.2 million, or 10 cents a share, compared with a loss of $45.7 million, or 8 cents
Everybody on Wall Street despises microprocessor manufacturing giant Intel (NASDAQ:INTC), right? That’s actually an unfounded assumption, as some big-money investors are holding large quantities of INTC stock. Maybe they know a good value when they see it, or perhaps they’re bullish on Intel as the chipmaker lays the groundwork for significant cost reductions. If you’ve been
Guy Thompson, a retired shipfitter and engineer at naval ship builder Bath Iron Works in Maine, takes his two standard poodles, Jessy and Esther, everywhere. When he lost two wives to cancer, the dogs kept him company. “They took the curse off losing a second wife in a row to cancer,” said Thompson, 72. “I’ve
Semiconductor makers enjoyed strong demand trends earlier in the pandemic due to the spike in sales of laptops and other gadgets amid work-from-home mandates, higher sales of gaming consoles and the rapid digitization of enterprises. However, demand in certain key markets, like personal computers (PCs), has slowed in recent months. Macro challenges and the growing