Falling stock markets have wiped out $9 trillion in wealth from U.S. households, putting pressure on family balance sheets and spending.
Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more
These are the stocks posting the largest moves midday.
Investors believe aggressive Fed will keep stock market down for the rest of 2022, CNBC survey shows
The Fed’s aggressive tightening is making the majority of Wall Street investors believe stocks will be underwater for longer, according to a new CNBC survey.
Crypto lender Nexo gets U.S. bank charter after buying stake in regulated bank
Nexo’s bank license will bring users enhanced legal safeguards and help it expand its footprint in the U.S., the company said.
Cathie Wood’s new fund gives small investors access to the VC market for just $500
Cathie Wood’s Ark Invest launched a new venture capital fund, targeting individual investors with just a $500 minimum investment.
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX for $1.4 billion
FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to buy Voyager Digital’s assets after winning a bankruptcy auction.
Stocks making the biggest moves premarket: Keurig Dr Pepper, CSX, Li Auto and more
Check out the companies making headlines before the bell.
Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion
Former U.S. Treasury Secretary Larry Summers said there were “hallmark” signs that the U.K.’s credibility had been lost.
Going to Hong Kong? Get ready for a barrage of Covid tests
Travelers no longer need to quarantine to visit Hong Kong, a move which spurred a surge in interest to leave the city, but far less to visit.
Christie’s launches ‘Department X’ as collectible sneakers and street-wear boom
Christie’s announced its new “Department X” to capitalize on the booming market for collectible sneakers, streetwear and sports history.