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Search resuls for: "Justin Baer"


4 mentions found


☆ Crypto Broker NYDIG Lays Off One-Third of Staff in Effort to Narrow Focus
  + stars: | 2022-10-13 | by ( Vicky Ge Huang | Justin Baer | ) www.wsj.com   time to read: 1 min
Digital currencies including bitcoin and the cluster of companies built to serve crypto markets have experienced a reversal. NYDIG, the bitcoin trading and banking firm, laid off about a third of its workforce last month, people familiar with the matter said. Company executives informed employees affected by the job cuts, which numbered around 110, on Sept. 22, the people said. Employees were told the firm was seeking to trim expenses and narrow its focus to more-promising businesses, the people said.
☆ America’s Oldest Bank, BNY Mellon, Will Hold That Crypto Now
  + stars: | 2022-10-11 | by ( Justin Baer | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/americas-oldest-bank-bny-mellon-will-hold-that-crypto-now-11665460354
☆ Stocks Soar as Bond Prices Rally
  + stars: | 2022-09-28 | by ( Anna Hirtenstein | Justin Baer | ) www.wsj.com   time to read: 1 min
U.S. stocks swung higher on Wednesday, delivering an emphatic end to a week of punishing losses. The S&P 500 jumped 71.75 points, or 2%, to 3719.04 as bond yields tumbled, leaving stocks looking more attractive to investors. The Dow Jones Industrial Average rose 548.75 points, or 1.9%, to 29683.74. Both indexes had fallen for six straight days as of Tuesday, and earlier this week the Dow joined the S&P 500 in a bear market.
☆ Short Sellers Upended a Small Farm Real-Estate Company. This Is What It Looked Like.
  + stars: | 2022-09-25 | by ( Justin Baer | Photographs Taylor Glascock For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
Andy Jenks, a sixth-generation Illinois farmer, owns shares in a small real-estate investment trust called Farmland Partners but rarely thought about them. That morning, a writer going by the name Rota Fortunae published an article on an investing website, Seeking Alpha, alleging Farmland was at risk of insolvency. Some investors had shorted the company, betting Farmland’s stock was poised to decline. It did, and by the end of the day, Farmland was down 39%. It took more than two years for the share price to recover.
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