Latest Market News
The main currency pair was slightly below previous levels by Thursday. The current quote in EURUSD is 0.9770. There was no particularly “minor” news on the ground. But investors were sensitive to the global “mood” and started to walk away from the risks. US statistics released the day before were mixed. The number of building […]
Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union. On Oct. 19, Kraken sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers. “Due to the new European legislation, we have […]
An earlier version of this article incorrectly characterized Michael Dell’s role in MSD. This has been corrected. BDT & Company Holdings LLC and MSD Partners LP said they would combine in a merger of two investment firms involving billionaires. The name of the combined firm had not yet been determined. Billionaire Byron Trott of BDT, […]
Shares of real estate services companies rallied Thursday, after data showing that existing-home sales fell again in September, but managed to beat expectations. Zillow Group Inc.’s stock Z, +2.02% ZG, +2.07% surged 1.9% in morning trading, reversing an earlier decline of as much as 0.8%, while Redfin Corp. shares RDFN, +4.17% jumped 4.6% after being […]
U.S. stocks opened marginally lower on Thursday as investors reacted to Treasury yields touching 14-year highs, along with Tesla Inc. TSLA, -3.54% earnings that fell short of expectations and the resignation of U.K. Prime Minister Liz Truss. The S&P 500 SPX, +0.76% fell 4.5 points, or 0.1%, to 3,690. The Nasdaq Composite COMP, +1.30% shed […]
Leafly Inc. LFLY, +1.74% is eliminating about a fifth of its jobs as it moves to generate cost savings. The cannabis marketplace said it’s cutting 56 positions, or 21% of its workforce, through layoffs and attrition. Leafly will book a $500,000 charge in the fourth quarter for expenses related to the move. The company said […]