Why 2-year Treasury yields are ‘the base problem’ for the struggling stock market, according to this Morgan Stanley portfolio manager

It’s going to be tough for the US stock market to make much headway bouncing back from the bear market with two-year Treasury yields at or above 4%, according to Andrew Slimmon, an equity portfolio manager at Morgan Stanley Investment Management. “It’s hard to convince investors to take risk when the two-year risk-free rate is … Read more

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the … Read more

Wall St Week Ahead Investors wonder when vicious sell-off in US stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 22, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components of … Read more

Cryptoverse: After Merge, ether heads for a $ 20 billion Shanghai splurge

Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – The Merge came, saw and conquered. Not that you’d guess from crypto prices. … Read more

Cryptoverse: Ether snaps at bitcoin’s heels in race for crypto crown

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Sept 13 (Reuters) – For years, ether could barely dream of challenging its big brother bitcoin. … Read more

Incoming Starbucks boss to bring consumer insight to coffee culture

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 2 (Reuters) – Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the changing habits of consumers when he takes over at Starbucks. At Reckitt (RKT.L), maker of Strepsils … Read more

Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August

US stocks rallied on Friday after data showed the US economy added more than 300,000 jobs last month, which was right in the sweet spot of investors’ expectations. How stocks are trading The Dow Jones Industrial Average DJIA advanced 332 points, or 1.1%, to 31,999. The S&P 500 SPX was up 45 points, or 1.2%, … Read more

Credit Suisse looking at cutting around 5,000 jobs -source

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS / Denis Balibouse Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 2 (Reuters) – Credit Suisse (CSGN.S) is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at … Read more

Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to … Read more