Bitcoin billionaire Mike Novogratz says plunging crypto will have a hard time rallying until stocks find a base

Silk Road founder Ross Ulbricht is forfeiting billions of dollars worth of Bitcoin (BTC) and other crypto assets to the US government. According to a new court filing, Ulbricht will relinquish any claim to over 69,000 BTC and undisclosed amounts of Bitcoin Gold (BTG), Bitcoin SV (BSV) and Bitcoin Cash (BCH) worth a combined $3 billion as part of a settlement.

It's likely that Changpeng Zhao meant it as a joke, as he remains a billionaire — but luna's meltdown has stung investors worldwide.

While Target said a mix of poor-selling inventory and higher input costs weighed on profitability, it believes the consumer is still strong.

Jeremy Grantham predicts US stocks will plunge and the economy will tumble into recession. The GMO cofounder warns the surge in a wide range of assets could be dangerous. Grantham anticipates stubborn inflation, and expects the Fed to struggle to curb price increases.

Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate" projects with "no underlying business models."

MILLIONS of Americans are set to receive Social Security checks worth up to $1,657 tomorrow. The cash boost will come just 48 hours before Supplemental Security Income payments, worth up to $841, are set to land in around eight million bank accounts on April 29. Seniors with birthdays on the...

As part of a lawsuit between shareholders and Elon Musk regarding his “funding secured” tweet, new text messages and emails between Musk and people involved have been released. The communications pretty much confirmed how most people saw the situation: Elon Musk took a meeting with the head of...

The world's richest family, which owns a chunk of Walmart, lost $19 billion as the retailer's stock went down, Bloomberg reported Tuesday.

A member of a superyacht crew also told The Times of London that one owner had his bar stools made from whale foreskin.

Elon Musk, the world’s wealthiest man, who thinks tunnels are immune to natural disasters, is purchasing Twitter. The company confirmed on Monday afternoon that it had accepted the billionaire’s offer. “Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion,” reads the official press release. “Upon completion of the transaction, Twitter will become a privately held company.”

Berkshire's stakes in Apple, Coca-Cola, American Express, Bank of America, Kraft Heinz, and Chevron tumbled in value as investors dumped equities.

US stock markets face battering in the coming months, Guggenheim's Scott Minerd said, with the Nasdaq and S&P plunging 75% and 45%, respectively.

China's main bond trading platform for foreign investors stopped publishing data on May 11, Bloomberg reports. The move follows a recent sell-off in the Chinese debt markets. BlackRock last week forecasted a "rapidly worsening" outlook for the world's second-largest economy.

"If you're running a significant enterprise, you have to be looking through a lens with a little bit more caution right now," David Solomon told CNBC.

Lowe's also saw an earnings-related decline on Wednesday, and Home Depot sold off considerably despite it beating earnings estimates on Tuesday.

Jeremy Grantham is sticking with his call that the stock market is in a bubble akin to 2000. Grantham said he expects the S&P 500 to fall at least 40% from its peak in a CNBC interview. "We should be in some sort of recession pretty quickly," Grantham said.

Twitter and Musk agreed to certain rules to ensure the deal closes, including a specific clause that forces the billionaire to complete the buyout.

The hedge fund giant trimmed its positions in various tech stocks while it added significant exposure to Chinese electric vehicles.

A spike in the cost of insurance on Russian debt implied a 90% probability Wednesday the Kremlin will miss bond payments within a year.

The major US stock indexes plummeted on Wednesday after retailer Target missed Q1 earnings targets and said surging costs led to lower profits.