News

Sep 10
SBF and the Mooch tie the knot as FTX Ventures takes 30% stake of SkyBridge Capital

Scaramucci calls Bankman-Fried part of the “small universe of outside investors SkyBridge would ever consider partnering with,” promises SkyBridge’s investment strategy will not change. 807 Total views 45 Total shares FTX Ventures, an arm of Sam Bankman-Fried’s FTX crypto exchange, will acquire a 30% stake in alternative asset manager SkyBridge Capital, the firms announced Sept. […]

Sep 10
Coronavirus tally: New daily cases fall below 70,000 first time in four months

The seven-day average for new COVID-19 cases continued its two-month downtrend, as it fell below the 70,000 mark for the first time in four months. The daily average was 68,356 on Thursday, down 25% from two weeks ago, and the lowest total since May 5, according to a New York Times tracker. Only four states […]

Sep 09
Stocks open higher, on track to end run of 3 weekly losses

William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C.

Sep 09
Average equity per homeowner rises to record $300,000

U.S. homeowners with mortgages, which accounts for nearly two-thirds of all properties, saw equity in their homes during the second quarter rise 27.8% from a year ago, according to property information company CoreLogic’s Homeowner Equity Report (HER) released Friday. The total increase in home equity for the quarter was $3.6 trillion, or an average of […]

Sep 09
Bank of England to postpone rate decision by a week due to mourning period for Queen Elizabeth

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

Sep 09
Consumer spending accelerated in August, while utility bills jumped 16%, BofA research shows

Consumer spending continued to accelerate in August, even as the drags from surging utility and childcare costs partially offset a boost in sentiment from falling gasoline prices, according to research released by Bank of America Corp.’s BAC, +0.84% Bank of America Institute. The research showed that total payments in August increased 13% from a year […]