Hi, MarketWatchers. Don’t miss these top stories. ‘Grant Bae was a scam’: FTC shuts down grant-writing service they say ripped off dozens of minority-owned businesses during the pandemic Regulators say Read more
Tag: Banking
Bitcoin to record the worst first half of a year in history. Here’s what to watch in crypto for the second half.
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, Read more
Energy leads commodities surge with oil up roughly 50% in first half of 2022
Commodities have performed well so far this year, buoyed by strength in oil on the back of tight supplies, but worries that the economy is headed for a recession has Read more
Good news: These 3 states and 3 cities will increase their minimum wage on July 1. Do you live in one of them?
Starting July 1, workers in several states will be entitled to a higher minimum wage. Thanks to a law enacted three years ago, Connecticut residents who currently make $13 an Read more
Black patients were rarely included in clinical trials — until COVID-19 vaccines
Stephanie Walker, a Black retired nurse who was diagnosed with metastatic breast cancer in 2015, has never been asked to participate in a clinical trial. But if the opportunity to Read more
Wells Fargo CEO Charles Scharf: ‘Real-estate values moderating in the long term are a good thing’
Mortgage rates have risen, slowing down activity in the housing sector. Wells Fargo — along with many other companies — is trimming staff, in response to the grimmer economic outlook. Read more
These 10 stocks in the S&P 500 have lost $4.1 trillion of investors’ money during the first half of 2022
The first half of 2022 is over today, and good riddance for investors: The S&P 500 Index has declined 21.4%. Below are two lists of the worst-performing stocks in the Read more
Mortgage rates take a breather after nearly doubling in one year’s time
The 30-year fixed-rate mortgage averaged 5.7% for the week ending June 30, according to data released by Freddie Mac on Thursday. That’s down 11 basis points from the previous week Read more
These 10 stocks in the S&P 500 have lost $4.1 trillion of investors’ money during the first half of 2022
The first half of 2022 is over today, and good riddance for investors: The S&P 500 Index has declined 21.4%. Below are two lists of the worst-performing stocks in the Read more
Bitcoin crash ‘absolutely’ a buying opportunity, Michael Saylor says
“‘Nobody has ever lost money investing in bitcoin for four years.’” That was MicroStrategy MSTR, -7.41% CEO and bitcoin BTCUSD, -6.18% optimist Michael Saylor talking about the recent dip in Read more