Luna founder Do Kwon faces passport freeze after crypto collapse

South Korean authorities are seeking the judgment of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities on Thursday began the process … Read more

Stock futures tick up slightly on Wednesday after two-day market rally ends

Traders work on the floor of the New York Stock Exchange (NYSE) on September 29, 2022 in New York City. Spencer Platt | Getty Images US stock futures were slightly higher Wednesday evening after falling in the regular trading session and breaking a massive two-day rally. Dow Jones Industrial Average futures rose by 37 points, … Read more

Investors with a 60/40 portfolio may want to shift focus into fixed income now

Portfolio managers who’ve traditionally used a 60/40 stocks-to-bonds split for clients say that now is the time to consider buying more heavily into fixed income to weather volatility and economic weakness ahead. Both asset classes have had a rough year. Bond yields have rebounded lately, and some areas of the market are showing solid income … Read more

Credit Suisse to remain ‘under pressure’ but analysts wary of Lehman comparison

A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse shares briefly sank to an all-time low this week while credit default swaps hit a record high, as the market’s skittishness about the Swiss bank’s future became abundantly clear. The shares continued to … Read more

This stock market comeback is unprecedented by one measure

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 20, 2022. Andrew Kelly | Reuters The S&P 500 has done something it hasn’t in at least two decades, according to Susquehanna. Chris Murphy, Susquehanna’s co-head of derivatives strategy, noted that 97% of S&P 500 … Read more

Stock futures fall slightly following a sharp two-day rally on Wall Street

Traders on the floor of the NYSE, Sept 7, 2022. Source: NYSE US stock futures fell slightly on Tuesday night after the S&P 500 posted its best two-day gain in roughly two years. Dow Jones Industrial Average futures declined by 45 points, or 0.19%. S&P 500 and Nasdaq 100 futures dipped 0.15% and 0.13%, respectively. … Read more

These could be the stocks ‘Big Short’ investor Michael Burry is warning about

“The Big Short” investor Michael Burry has been warning investors about a 2000 and 2008 style market bubble on the horizon, with speculative stocks being most vulnerable for a crash. Burry, known for calling the subprime mortgage crisis, most recently sounded alarms on frothy stocks with an extremely inflationed market capitalization but little earnings. “This … Read more

‘This is not healthy’: The latest advance for stocks could signal more pain ahead for markets. here’s why

US stocks kicked off the fourth quarter with sharp gains as the Dow Jones Industrial Average DJIA, +2.34% appears headed for its biggest two-day rally in more than 2½ years. But as tempting as it might be to call a bottom in stocks, Nicholas Colas, co-founder of DataTrek Research, said Tuesday that investors should brace … Read more

Stocks roar back from 2022 low, S&P 500 on track for best 2-day gain in 2 years

Stocks surged Tuesday as Wall Street built on a sharp rally seen in the previous session and bond yields continued to fall. The Dow Jones Industrial Average rose 714 points, or 2.43%. The S&P 500 added 2.64%, and the Nasdaq Composite was up 2.92%. All of the major averages are now each about 5% above … Read more

Rivian, Credit Suisse, Poshmark and more

Check out the companies making headlines in premarket trading Tuesday. Rivian — Rivian’s stock rallied 9.3% after the electric vehicle maker announced that third-quarter production rose 67% from the second quarter. The company also noted it’s on track to meet its production goals for the year. related investing news Poshmark — Poshmark shares rallied 12.1% … Read more