The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April
(Bloomberg) — Tesla Inc. shares struggled Tuesday as the electric-vehicle maker’s production woes in China refuse to go away, leading another analyst to slash his 12-month price target on the once high-flying stock. Most Read from Bloomberg “With about 13,000 units of production per week
Wednesday marks the 100th trading day of 2022 for the stock market. It’s a bittersweet anniversary. The Dow Jones Industrial Average and the S&P 500 are on pace for their worst first 100 days since 1970. For the Nasdaq composite, which dates back to 1972,
The need for a clear, balanced concept of the issue was a constant theme at the panel discussion of crypto’s carbon footprint at the 2022 World Economic Forum. There was general agreement that there has been a rush to judgment on the consensus mechanisms of
“‘How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do “whatever it takes.”’” — Bill Ackman, founder and CEO, Pershing Square Capital That’s hedge-fund billionaire Bill Ackman sounding off on
Pfizer‘s (PFE) nearly $7 billion takeover of Arena Pharmaceuticals looked prescient Tuesday after the company reported promising results for an ulcerative colitis treatment. But Pfizer stock gained just a fraction. X The two final-phase studies of etrasimod are the first to read out after Pfizer
On the second day of the Global Blockchain Business Council’s (GBBC) Blockchain Central Davos 2022, Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a panel discussion focusing on the current direction of the financial industry. Panelists included co-founder and CEO of Soramitsu Makoto Takemiya; Treasury executive at
In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax amnesty for all those who’ve registered. As the
Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). WEF 2022, the first in-person World Economic Forum event since the pandemic started, continues to
America’s largest crypto exchange Coinbase has added the BNB Chain, formerly Binance Smart Chain, and Avalanche to the Coinbase Wallet’s list of supported networks where users can swap and store cryptocurrencies. The Tuesday blog post from the exchange boasts that the added functionality will provide access