How fast inflation and high interest rates upended markets across the globe.

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…

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…

The New York Times – Business:This post first appeared in The New York Times – Business. Read the original article.

Persistent pullbacks in recent sessions reflect investors’ worries about stubbornly high inflation.

Customers could be offered pennies on the dollar for what they lost when the crypto exchange filed for bankruptcy last week.

Several Fed officials sought this week to temper investors’ enthusiasm over signs that inflation could be slowing.

Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.

Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.

The data bolstered investors’ hopes that the Federal Reserve may slow the pace of interest rates increases that have weighed on the market.