Category: Stocks and Bonds

A Traditional Exchange? FTX Was Anything But.

The New York Times – Business:
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
Markets Drop as Investors Fear the Effects of Higher Rates

The New York Times – Business:
Central bankers around the world have pledged to continue raising interest rates even as economies slow.
Elon Musk Sells Another Big Chunk of Tesla Stock

The New York Times – Business:
Twitter’s owner has now sold $23 billion worth of Tesla stock this year, much of it after he pledged in April to stop selling shares to finance his deal to acquire the social media company.
Wall Street Fears the Fed May Tip the Economy Into Recession

The New York Times – Business:
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market.
A Group of ‘FinTwit’ Influencers Faces Stock Fraud Charges

The New York Times – Business:
The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.
The Week in Business: Labor Actions Sweep Britain

The New York Times – Business:
The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets.
Markets Fluctuate at the End of a Shaky Week

The New York Times – Business:
Persistent pullbacks in recent sessions reflect investors’ worries about stubbornly high inflation.
After a Terrible Year for Bonds, the Outlook Is Better

The New York Times – Business:
October capped their worst 12-month period ever, and the economy is under pressure. Yet the fundamental math of bond returns bodes well for 2023, our columnist says.
The Week in Business: Upheaval in China

The New York Times – Business:
The labor market showed continued resilience. President Biden signed legislation averting a rail strike. And a near-total embargo on Russian oil takes effect.
Actively Managed Mutual Funds Consistently Fail to Beat Markets, Study Finds

The New York Times – Business:
No actively managed stock or bond funds outperformed the market convincingly and regularly over the last five years. Index funds have generally been better.
Sam Bankman-Fried Interview: Read the Transcript

The New York Times – Business:
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
Markets Await Powell Speech for Hints on Rates

The New York Times – Business:
In his final public remarks before a crucial Fed meeting, the central bank’s chair will deliver a speech and answer questions about the outlook for inflation, jobs and the economy.