Category: FINANCE
As the S&P 500 Skids, How Bad Could It Get?
The stock index is about 20% below its all-time high, a level that would place it in a bear market for the first time in more than two years.
https://www.wsj.com/articles/bear-market-explained-11652973167?mod=rss_markets_main
Musk’s Planned Twitter Takeover Creates a ‘Chaos Tax’ for Employees
The deal has left employees bewildered about their jobs and how to keep operating a platform that its would-be owner has used to publicly assail the company.
Boeing’s Starliner Successfully Docks With Space Station
The spacecraft reached an important milestone on a test mission and is scheduled to depart from the facility next week.
When a Museum Closes, What Happens to Its Collection?
More museums are finding out, as financial strains—thanks, in part, to pandemic lockdowns—have taken a toll on budgets.
https://www.wsj.com/articles/what-happens-when-a-museum-closes-11652828655?mod=rss_markets_main
Workers to bosses: If I have to come to the office, I’m taking a long lunch
If they’re going to commute to work, they’re not eating a sad salad at their desk.
https://nypost.com/2022/05/19/return-to-office-has-also-meant-the-return-of-lunch-hour/
Crypto Might Have an Insider Trading Problem
Public data suggests that several crypto investors profited from inside knowledge of when tokens would be listed on exchanges.
15 Ways Consumers Can Deal With—and Even Benefit From—Rising Inflation
Among the tactics: calculate your personal inflation rate and buy the car you’re leasing.
SEC fines Wells Fargo $7M for anti-money laundering lapses
The SEC said Wells Fargo Advisors failed to file at least 34 Suspicious Activity Reports in a timely manner between April 2017 and October 2021.
https://nypost.com/2022/05/20/sec-fines-wells-fargo-7m-for-anti-money-laundering-lapses/
For U.S. Inflation, China’s Slowdown Is a Double-Edged Sword
China’s manufacturing juggernaut is being punished by lockdowns in Shanghai and elsewhere. The impact on prices will spread.
Tinder owner Match temporarily settles spat with Google over payments
Match Group said Friday that Alphabet’s Google will allow the dating apps maker to offer users a choice in payment systems, eliminating Google’s control over user data.
https://nypost.com/2022/05/20/tinder-owner-match-settles-spat-with-google-over-payments/