Bitcoin Slides Further, Tether Briefly Breaks $1 Peg

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher … Read more

Lessons from China’s Covid lockdowns

A man wearing personal protective equipment walks near a locked area due to the recent Covid-19 coronavirus outbreaks in Beijing on May 10. Photo: Christmas celis/Agence France-Presse/Getty Images Beijing’s Covid lockdowns are an economic danger for China and everyone, and the Communist Party seems to know it. Witness recent and belated attempts to spur economic … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 5:15 am ET, it had partially rebounded to about 41 cents in … Read more

War in Ukraine sparks interest in China-Taiwan risk insurance

Russia’s invasion of Ukraine has made businesses more aware of the potential for upheaval overseas, sparking interest in political risk insurance for two other potential hotspots: China and Taiwan. A self-contained island about 100 miles from China, Taiwan has long been seen by businesses as a safe bet. But companies are increasingly concerned about a … Read more

War in Ukraine sparks interest in China-Taiwan risk insurance

Russia’s invasion of Ukraine has made businesses more aware of the potential for upheaval overseas, sparking interest in political risk insurance for two other potential hotspots: China and Taiwan. A self-contained island about 100 miles from China, Taiwan has long been seen by businesses as a safe bet. But companies are increasingly concerned about a … Read more

War in Ukraine sparks interest in China-Taiwan risk insurance

Russia’s invasion of Ukraine has made businesses more aware of the potential for upheaval overseas, sparking interest in political risk insurance for two other potential hotspots: China and Taiwan. A self-contained island about 100 miles from China, Taiwan has long been seen by businesses as a safe bet. But companies are increasingly concerned about a … Read more

War in Ukraine sparks interest in China-Taiwan risk insurance

Russia’s invasion of Ukraine has made businesses more aware of the potential for upheaval overseas, sparking interest in political risk insurance for two other potential hotspots: China and Taiwan. A self-contained island about 100 miles from China, Taiwan has long been seen by businesses as a safe bet. But companies are increasingly concerned about a … Read more

Travel is recovering, but not travel stocks. Here is where the opportunities lie.

Dream of travelers: spring in Paris. The business of some online travel agencies has almost doubled. AFP/Getty Images Text size After two years of staying put, Americans are once again planning summer vacations, giving the travel industry a boost. So why are investors absent from the trip? Airlines hinted at the revival when they posted … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

Is your wealth advisor independent? Sometimes it’s not easy to say

Since the 2008 financial crisis tarnished the big banks and brokerages on Wall Street, the ranks of independent wealth advisers have grown faster than other categories. Improving their appeal is a standard known as the fiduciary rule, which legally requires these advisers to put the interests of clients first at all times and generally avoid … Read more