Bitcoin Hits Two-Week Low as Tech Selloff Sparks Risk-Off Mood

Bitcoin fell to an almost two-week low as a selloff in tech stocks hit risk assets. The original cryptocurrency fell as much as 3.9% to $61,877, its lowest level since June 11. It pared some losses to trade around $62,400 in New York trading hours. Other...

War, Inflation Can’t Stop ETFs’ Trillion-Dollar Inflow Boom

Exchange-traded funds are attracting cash at a record-breaking trillion-dollar pace despite persistent inflation, war in the Middle East and bouts of market volatility — a testament to American households’ enduring buy-and-hold conviction. US-listed ETFs have absorbed...

Private Equity Zombies Expected to Multiply as Deal Lull Drags

Private equity fund investors expect more so-called zombie funds to show up in their portfolios as dealmaking remains muted, according to a survey from secondaries firm Coller Capital. More than half of investors said they expect the number of zombie funds, where a...

Fed’s Favorite Gauge Is Seen Showing Faster Inflation

The latest update to the Federal Reserve’s favorite inflation gauge is unlikely to challenge a growing consensus at the US central bank around the need for interest-rate hikes this year. Forecasters expect the personal consumption expenditures price index, due...