August 19, 2022

Business & Finance Blog

5 things to know before the stock market opens Thursday, June 30

Listed here are the most important information items that investors require to start their investing working day:

1. S&P on track to complete its worst 1st half in 52 years

Traders on the ground of the NYSE, June 29, 2022.

Supply: NYSE

2. Bitcoin slides underneath $19,000

Cryptocurrencies have taken a tumble in 2022.

Chesnot | Getty Illustrations or photos

There has been no reprieve for bitcoin, which briefly slipped under $19,000 on Thursday morning prior to a slight rebound. The cryptocurrency, the world’s largest, is down 58% this 12 months and off about 70% because its all-time significant in November. As buyers in a range of sectors contend with a perilous macroeconomic condition, men and women with income in the crypto video game are also dealing with liquidity problems at a number of corporations. Go through more in this article.

3. Wells Fargo CEO: Economy isn’t all set for fee hikes

Wells Fargo CEO Charles Scharf listens during the Milken Institute Worldwide Meeting in Beverly Hills, Calif., on April 30, 2019.

Kyle Grillot | Bloomberg | Getty Photos

4. Spirit delays shareholder vote on Frontier offer

A JetBlue airliner lands previous a Spirit Airways jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sunlight Sentinel/Tribune Information Support through Getty Photos)

Joe Cavaretta | Sunlight Sentinel | Getty Pictures

5. Walgreens sticks with its outlook

People wander by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York Town, November 26, 2021.

Andrew Kelly | Reuters

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