What the Fed’s biggest rate hike in decades means for the bear market in bonds

What the Fed’s biggest rate hike in decades means for the bear market in bonds

Historically bad. That’s how the mammoth $ 53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that … Read more

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

Crypto crash: What contagious risks could Celsius, Three Arrows pose?  Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more

From Great Resignation to Forced Resignation: Tech companies are shifting to layoffs after a huge ramp up in hiring

From Great Resignation to Forced Resignation: Tech companies are shifting to layoffs after a huge ramp up in hiring

The Great Resignation is pivoting to a Forced Resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring, highlight the abrupt shift in fortunes over the past several months as a result of rampant inflation, fear of stagflation and recession, supply-chain interruptions, the war in Ukraine, an ailing … Read more

Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike

Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike

Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation data – a sign that investors feared a more Volcker-esque reaction from Federal Reserve Chairman Jerome Powell and the rest of the Federal Open Market … Read more

As Bitcoin and Other Cryptos Fall, Digital-Asset Firms Pump Brakes on Deals

As Bitcoin and Other Cryptos Fall, Digital-Asset Firms Pump Brakes on Deals

Plunging cryptocurrency prices are starting to throw a wrench into the plans of firms that deal in bitcoin and related areas, amplifying the impact of an already brutal market retreat. Heading into 2022, crypto deal making was hot as companies sought to stake positions in an evolving industry. So far this year, there have been … Read more

Crypto crash FOMO? ‘I missed the bus on Bitcoin, but now feel like my time has come. Is it time to go big or go home? I have another 25 years of a boring 9-to-5 job, and I just want out. ‘

Crypto crash FOMO?  ‘I missed the bus on Bitcoin, but now feel like my time has come.  Is it time to go big or go home?  I have another 25 years of a boring 9-to-5 job, and I just want out. ‘

I read a letter from a reader last year who was suffering from crypto FOMO, and I have been following the crypto markets ever since. I felt like I missed the bus on Bitcoin, but now feel like my time has come. Is it time to go big or go home? I have another 25 … Read more

These 19 big tech stocks have now dropped at least 60% from their 52-week highs

These 19 big tech stocks have now dropped at least 60% from their 52-week highs

The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% from 52-week highs is below. The consumer-price index report for May from the Bureau of Labor Statistics came … Read more

Ethereum close to its major upgrade, but why has it fallen more than bitcoin?

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m writing it in the heat of Austin, TX, where Consensus, a multi-day crypto conference kicked off today. As usual, find me on Twitter at @FrancesYue_ to … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds – and those that stayed are not

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds – and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more