Tech stocks are mired in their longest weekly losing streak since dot-com bust
The Nasdaq’s seven-week losing streak underscores the shift in investor sentiment away from technology and growth stocks as the broader markets sell off.
Financial News
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
Stocks were under pressure for most of Friday’s session as investors worried the economy could fall into a recession.
S&P 500 falls again on Thursday, inching closer to bear market territory
The broad market index was under pressure after experiencing its worst one-day drop since 2020.
Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies
Major retailer Target warned of rising cost pressures in its business right after Walmart, triggering the sell-off.
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
Some factories might leave China, but in the grand scheme of things it doesn’t matter much
Businesses have discussed moving factories out of China for years, especially since labor costs have climbed and U.S.-China trade tensions worsened.
China has been quietly building a blockchain platform. Here’s what we know
Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology.
Investors could get a reprieve from vicious stock sell-off in week ahead
Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March.
Regulators are growing anxious about stablecoins after Terra’s stunning collapse
U.S. Treasury Secretary Janet Yellen has urged Congress to approve federal regulation of stablecoins.
More than $200 billion erased from entire crypto market in a day as sell-off intensifies
The price of bitcoin plunged below $26,000 Thursday, hitting its lowest level in 16 months.