More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the … Read more

Stocks Historically Don’t Bottom Out Until the Fed Eases

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 routes. It turns out the Fed has often had a hand in market turnsarounds, 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

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

Bitcoin Price Dips Below $21,000 as Crypto Firms Announce Layoffs

Bitcoin Price Dips Below $21,000 as Crypto Firms Announce Layoffs

The price of bitcoin continued to fall Tuesday as the crypto industry struggles with fallout from the extended selloff. Bitcoin traded as low as $20,834 earlier on Tuesday, according to CoinDesk. The original cryptocurrency hasn’t traded under $20,000 since December 2020. For the day, bitcoin fell 5.4% to $21,991.89, its lowest close since Dec. 16, … Read more

Coinbase CEO tells workers to quit if they don’t believe in top execs, after petition for leadership changes

Coinbase CEO tells workers to quit if they don't believe in top execs, after petition for leadership changes

Coinbase Global Inc. has had a rough stretch lately, as plunging prices for cryptocurrencies have dampened trading interest and prompted the company to curtail rapid hiring plans. The company also seems to be suffering from some internal tensions, judging by a petition posted to decentralized publishing platform mirror.xyz that called for the removal of several … Read more

Deloitte Explores Splitting Auditing, Consulting Arms, Following Ernst & Young

Deloitte Explores Splitting Auditing, Consulting Arms, Following Ernst & Young

Deloitte is exploring a plan to split its global audit and consulting practices, following an effort by fellow Big Four accounting firm Ernst & Young to potentially spin off its consulting arm, according to people familiar with the matter. The moves would mark the biggest shake-up in the accounting industry in decades, handing windfalls to … Read more

‘A game of catch and release’: Are recent stock-market rallies the beginning of a bull run?

'A game of catch and release': Are recent stock-market rallies the beginning of a bull run?

The US stock market’s deteriorated breadth means rallies may be short-lived, according to Charles Schwab’s chief investment strategist Liz Ann Sonders. “Even in the most brutal of bear markets, you get sharp, counter-trend rallies,” Sonders said in a phone interview Thursday. In her view, the stock market’s recent moves higher, like the one leading into … Read more

Small-cap growth stocks are at their lowest P/E valuation in at least 24 years.

Small-cap growth stocks are at their lowest P/E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Algiers, FactSet The chart shows the weighted forward … Read more

Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market excess

Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market excess

Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the widest possible audience. As stocks plunged earlier this month, Marks — who built one of the most successful distressed-debt funds in … Read more

A Near-Retiree Wants to Maximize His Social Security. Here’s Some Advice.

A Near-Retiree Wants to Maximize His Social Security.  Here's Some Advice.

Noli Cabantug has spent his career going back and forth between the public and private sectors. Now, at age 58, he’s wondering what his retirement income will look like and what he can do over the next few years to improve it. Mr. Cabantug, a licensed practical nurse who lives in Pomona, Calif., teaches public … Read more