Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $ 1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as … Read more
Natural-gas prices in Europe shot higher Thursday, a day after Russia unveiled a set of protests on energy companies operating on the continent that could further threaten supply. Among the companies sanctioned by Moscow were former subsidiaries of Russian state gas giant Gazprom PJSC in the European Union and the Polish owner of a key … Read more
WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more
WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more
WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more
The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more
Ukraine reduced flows of Russian natural gas through its territory to Europe, sending prices higher amid the continent’s still-precarious reliance on Russian fossil fuels. Within hours, though, enough gas was moving through an alternative route that prices fell back down again, ending essentially flat on the day. The continued flow suggested some gas had been … Read more
The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more
Bob Farrell, a 90-year-old retiree in Florida, is hardly a household name on Main Street. But on Wall Street, Farrell is an absolute legend. To say that Farrell has seen it all is an understatement. He has witnessed every bull-, bubble- and bear market since 1957, when he joined Merrill Lynch as an analyst trainee … Read more
The 2022 pullback in US stocks intensified last week, with stocks on Thursday staging their largest single-day decline since the onset of the pandemic. The plunge came just a day after Federal Reserve Chairman Jerome Powell appeared to clear the way for a stock rally by casting interest-rate increases larger than a half-percentage point as … Read more
