Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.

Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t … Read more

Revlon Bonds Are in the Tank. It’s a Sign the Surging Stock is Overvalued.

Text size Revlon hair products are shown at a Houston Walmart this month. Brandon Bell/Getty Images A disconnect has emerged between Revlon ’s surging stock and the depressed bonds of the bankrupt cosmetics company. Some Revlon debt trades at distressed levels of around 10 cents on the dollar, indicating pessimism among fixed-income investors about the … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read more

Stock Futures, Bitcoin Jump After S&P 500’s Worst Week in Two Years

U.S. stock futures climbed, offering investors a reprieve from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling. Futures for the S&P 500 gained 1.8% Tuesday, while those for the Dow Jones Industrial Average added 1.7%. Contracts for the Nasdaq-100 jumped 1.9%. The U.S. stock market was closed Monday for the … Read more

Stocks Historically Don’t Bottom Out Until the Fed Eases

Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read more

Bitcoin’s Price Falls Below $20,000

The price of bitcoin has fallen below the key psychological level of $20,000 as a brutal selloff in cryptocurrencies deepened. Bitcoin fell momentarily to $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November. Concerns about the Federal Reserve’s actions to tame higher-than-expected inflation have … Read more

A Crypto Bankruptcy Could Be Investors’ Nightmare

The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be navigating uncharted territory. “What can safely be predicted is that there will be litigation, and there will be delay,” said Adam Levitin, a law professor at Georgetown … Read more

Fed Rate Hikes Will End Sooner Than You Think. What That Means for Stocks.

Text size Federal Reserve Chairman Jerome Powell Drew Angerer/Getty Images The Federal Reserve’s aggressive interest rate increases can only last so long. The stock market could experience some relief soon enough.  Right now, the Fed is ratcheting rates higher. The central bank announced Wednesday that it is lifting the federal-funds rate by three quarters of … Read more

Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, … Read more

U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion

Americans have more equity in their homes than ever before. Total U.S. home equity increased almost 20% in the first quarter to $27.8 trillion, a record high, according to the Federal Reserve.  The increase is another consequence of a red-hot housing market. Double-digit price gains have driven some would-be homeowners out of the market. At … Read more