How Redbox became a Wall Street darling once again
But Redbox is back. It’s built its own streaming operation. And the company’s stock is somewhat inexplicably one of the hottest on Wall Street, even as Netflix (NFLX) has plummeted.…
Crypto industry fears contagion as bitcoin slips back under $20,000
Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours. Bitcoin had dropped on Saturday to as low as $17,592.78, falling…
Central banks are desperate to make up for past sins
Previously, Fed Chair Jerome Powell had indicated that the central bank would increase rates by half a percentage point this month. But worrying inflation data released last Friday, which showed…
Markets in Asia fall after rough week on Wall Street; Japan’s yen slides to two-decade-low
Japan’s Nikkei tumbled 2.9%, as the Japanese yen weakened to the lowest level in more than 20 years. The Japanese currency has declined rapidly in recent months because of a…
Dear Gen Z: Here’s how to survive your first bear market
Some Millennials and Gen Z-ers found themselves jobless and bored during peak Covid, yet flush with sudden access to cash through stimulus programs and increased federal unemployment payments. And the…
Stocks are itching for a turnaround. This won’t help
What’s happening: Microsoft now expects revenue of between $51.9 billion and $52.7 billion between April and June, about $460 million lower than its previous estimate. It cited “unfavorable foreign exchange…