A tumultuous first quarter came to a close Friday, with markets rocked by banking chaos and more rate hikes from the Federal Reserve. Still, the three-month trajectory has been particularly good for tech stocks, including chipmaker Nvidia . Indeed, the Nasdaq-100 — which includes the top 100 stocks of the Nasdaq Composite — outperformed all … Read more
After the start of the year that Tesla stock has had, first-quarter deliveries better beat Wall Street expectations. Shares of Tesla (ticker: TSLA) ended the first quarter up more than 68%, its best-ever Q1 performance. In second place: the first quarter of 2012, when shares rose 30.4%. The first quarter of this year is the … Read more
Virgin Orbit Holdings (ticker: VORB) fell 42.6% to about 20 cents after its aerospace launch said it would cut 85% of its workforce. The job cuts occurred “in light of the company’s inability to raise meaningful funding,” according to a filing. Virgin Orbit has been trying to raise additional funding since mid-March and has suspended … Read more
Bitcoin price is up less than 1% in the past 24 hours to $28,600, with the largest digital asset in recent trading briefly breaking above $29,100 — the highest level since last June, when the crypto crash accelerated to a relentless bear market. After around $16,500 at the start of the year, Bitcoin’s rally has … Read more
Judging by major indices, it will take more than the Federal Reserve to raise interest rates amid the worst banking mess since the 2008 financial crisis before stock market investors lose their cool. “Investors are broadly assuming that regulators will step in and shield the industry if they need to, which is what prevents it … Read more
Bitcoin traded lower on Saturday, but the world’s largest cryptocurrency remained on track for a solid month amid shaky confidence in the global banking sector. Bitcoin is down 0.8% in the last 24 hours to $27,671. It’s up nearly 20% in March and more than 66% this year. Bitcoin was on track for its best … Read more
Ford Motor finally gave investors a glimpse into the electric vehicle start-up it was hatching into its 119-year-old self. While the stock’s decline suggests disappointment, there’s more to appreciate than the market is admitting. In 2022, Ford (ticker: F) announced that it was rebalancing itself and would henceforth report separate results for its traditional automotive … Read more
UBS (UBS), the bank that bought Credit Suisse for about $3 billion, fell 0.9% after being downgraded from Buy to Hold by Jefferies analysts. Activision Blizzard (ATVI) rose 5.9% after Britain’s Competition and Markets Authority said it was no longer concerned that Microsoft (MSFT) would use its $68.7 billion deal to snag the video game … Read more
Bitcoin and other cryptocurrencies gained on Friday after a volatile but exuberant week. However, Saturday and Sunday lie ahead as a challenge for crypto traders, with a lack of liquidity in the markets likely to exacerbate price swings. Bitcoin’s price is up 1.5% in the last 24 hours to $28,100, bringing it back close to … Read more
Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto exchange Coinbase MINT said Wednesday it received a notice from Wells from the Securities and Exchange Commission that could lead to formal charges. The SEC’s Wells notice covered an unspecified portion of the exchange’s publicly traded digital assets, the staking … Read more