High mortgage rates: the one reason it’s so hard for the Fed to shed trillions of dollars in housing debt

The Federal Reserve fired off a smaller interest rate increase on Wednesday, while hinting it might soon be toning down its inflation fight, even before it hardly puts a dent in its pile of mortgage bond holdings. “We have no incentive and no intention to overtighten,” Fed Chairman Jerome Powell said in his news conference … Read more

Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +2.54%, Alphabet Inc. GOOGLE, … Read more

Dow down 259 points on losses in shares of UnitedHealth, Travelers

Shares of UnitedHealth and Travelers are trading lower Thursday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of UnitedHealth UNH, -3.54% and Travelers TRV, -4.09% are contributing to the index’s intraday decline, as the Dow DJIA, -0.62% was most recently trading 259 points (0.8%) lower. UnitedHealth’s shares have dropped $18.49, or 3.7%, … Read more

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of … Read more

Asian markets rise after Fed sees inflation improving

BEIJING — Asian stock markets gained Thursday after the Federal Reserve said the US economy is moving towards lower inflation but more interest rate hikes are planned. The Nikkei 225 NIK, +0.19% in Tokyo added 0.2%. The Hang Seng HSI, +0.41% in Hong Kong advanced 0.3% and the Shanghai Composite Index SHCOMP, +0.29% gained 0.2%. … Read more

Bed Bath & Beyond Misses Interest Payments as It Weighs Chapter 11

Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines. The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a … Read more

Tiger Global Cuts Fundraising Target as Startup Market Cools

WSJ News Exclusive Finance Prolific startup investor is aiming to raise $5 billion, less than half its initial ambition

Bitcoin Pauses as Crypto Traders Await the Fed Decision. Brace for Volatility.

Text size Bitcoin has torn higher to start the year, but there is reason to think the gains could be unsustainable. Dreamstime Bitcoin and other cryptocurrencies were on pause Wednesday as traders awaited a key decision on interest rates from the Federal Reserve. After the best January for Bitcoin in a decade, bad news out … Read more