(Bloomberg) — Bitcoin traded around the $28,000 mark with concern about financial stability fueling bets that major central banks will need to stop increasing rates amid rising recession anxiety.Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as IrrationalRussia Seeks 400,000 More Recruits as Latest Ukraine Push Stalls'Zoom Towns' Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsBuy-or-Rent Premium Is Highest Since 2006 Housing BubbleThe largest cryptocurrency briefly spiked 3% lower earlier, when Binance halted all spot trading on its platform because of a technical glitch. The firm said trading on the exchange would resume around 10 a.m. New York time, after the more than 2-hour halt.Bitcoin was down less than 1% to $28,130. Other tokens were lower, with Ether down 2.4% and altcoins Cardano and Solana both down around 2.5%.Treasury Secretary Janet Yellen will convene the heads of top US financial regulators Friday for a meeting of the Financial Stability Oversight Council. Deutsche Bank become the latest focus of the turmoil as concern about the industry sent its shares slumping. Lenders also came under pressure as Bloomberg News reported that Credit Suisse and UBS are among the firms under scrutiny in a US Justice Department probe into whether bankers helped Russian oligarchs evade sanctions.Binance is the world's largest crypto exchange. It processed roughly $14.9 billion in spot trading volume in the last 24 hours, according to data tracker CoinGecko. Its derivatives platform, which appeared to be unaffected, is much larger at $64.7 billion in 24-hour volume.Changpeng Zhao, Binance's chief executive, said earlier that an initial analysis of the issue indicated its matching engine "encountered a bug on a trailing stop order." Deposits and withdrawals were paused as standard operating procedure, he said.Bitcoin had previously racked up a stellar run over the last week, climbing to almost $29,000 o n Wednesday despite a series of enforcement actions announced by the US Securities and Exchange Commission against crypto companies. The token is up almost 70% so far this year, unusually outpacing gains by smaller tokens."Crypto markets are at their most volatile when liquidity is low," said Conor Ryder, research analyst at blockchain data firm Kaiko, in a note Thursday. The market is currently at its lowest level of liquidity in Bitcoin markets in 10 months, Ryder said, following the collapse of several major banking routes into crypto this year.Most Read from Bloomberg BusinessweekWhat Happens When Sexting Chatbots Dump Their Human LoversHow to Keep Corporate Accounts Safe Amid Bank Collapse JittersIranian Activists Want Tech Companies to Ban the AyatollahChatGPT Advances Are Moving So Fast Regulators Can't Keep UpA Visual Guide to How America Uses Freight Trains©2023 Bloomberg L.P.The recent failures of Silicon Valley Bank and Signature have focused attention on regional lenders' weaknesses.Southern Co. and Costco Wholesale are also on the list of big U.S. companies that have unveiled higher dividends this week.Bed Bath & Beyond's bankruptcy filing comes after months spent searching for additional liquidity amid shrinking inventory levels and declining revenues.Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter.Get ready for home prices to slide, stocks to plummet, and more cracks to appear in the financial system, elite investor Jeremy Grantham says.OSLO (Reuters) -Norway's $ 1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP to adopt tougher greenhouse gas targets. While BP already aims to reduce emissions, the motion filed by activist group Follow This ahead of an April 27 shareholder vote calls on the company to align with the Paris climate deal's goal to limit global warming. Norges Bank Investment Management (NBIM), which operates the Norwegian fund, said last year that it plans to take a tougher line on companies that do not adopt credible climate plans.Experts including Marko Kolanovic, Jeremy Siegel and Lisa Shalett have warned about US stocks entering a danger zone.All eyes were on CEOs of the Wall Street giants for cues on how markets will weather murky economic conditions.Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per ye ar. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.-Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. The home goods retailer, which shot to popularity in the 1990s as a go-to shopping destination for couples making wedding registries and planning for new babies, has seen demand drop off in recent years as its merchandising strategy to sell more store-branded products flopped. The company said that it has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending Inc, according to a statement.(Bloomberg) — Bed Bath & Beyond Inc. filed for Chapter 11 bankruptcy in New Jersey with plans to shut down, putting thousands of jobs on the line. Most Read from BloombergBud Light Takes the Cowardly Way OutBillionaire Brin Sold Tesla Near Its Peak for New Giving VehicleBud Light Marketing Executive Takes Leave After Controversy: Ad AgeElon Musk's Wealth Plunges $13 Billion as Drama Unfolds Across EmpireAnger in Europe After Chinese Diplomat Says Ex-Soviet States Not SovereignThe US housewaresFor the stock market, earnings represent the sum of all fears. At any given moment, earnings expectations reflect everything that's happening in the world, from the economy and the Federal Reserve to interest rates and geopolitics. The Fed has lifted interest rates to tamp down inflation by reducing economic demand, and so far, that seems to be working.Slow loan growth is likely to affect First Republic's (FRC) Q1 net interest income. Also, the higher funding cost might affect net interest margin while rising costs are likely to hinder its bottom line.Results from a number of mid-sized lenders showed that regional banking isn't getting any easier."W e think demand and margins holding up better will support a rally in technology stocks… Technology could be the winner of results season."SAN FRANCISCO (Reuters) -Tesla's market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday. Tesla Inc controlled 59.6% of the battery electric market in California from January to March, down from 72.7% for all of 2022 and the lowest since 2017, according to Reuters calculations based on data from the California Energy Commission. Rivals such as Volkswagen AG, General Motors Co's Chevrolet and Kia Corp increased their market shares in California during the period, although they remain in the single digits each.On Aug. 16, President Joe Biden signed the Inflation Reduction Act into law, directing billions of dollars to Americans looking to upgrade their homes, businesses and cars. Don't Miss: The House-Printing Robot Shaking Up a $7.28 Trillion In dustry One provision of the law allows Americans making less than $150,000 a year to claim a $7,500 tax credit for buying an electric car. The law also provides $9 billion in rebates to help people electrify their home appliances and make their houses more eneIn 2019, half of the 35 million older adults and younger persons with disabilities with traditional Medicare spent at least 16% of their income on out-of-pocket health care costs.While markets are up this year, by almost 8% on the S&P 500 and more than 15% on the NASDAQ, they remain volatile – and they have yet to recoup all of last year's losses. The result is an uncertain market environment, one that investors are not quite sure they can trust, even as they want to buy in. What's needed here is a reliable tool to find the upwardly mobile stocks, the ones that are primed to win, and to keep winning, in the coming months. That's where the Smart Score comes in. Based on tLithium stocks, including Albemarle Corp (NYSE : ALB), Sociedad Quimica Y Minera S.A. (NYSE: SQM), and Livent Corp (NYSE: LTHM) are trading lower Friday after Chilean President Gabriel Boric shared plans to nationalize the country's lithium industry and create a separate state-owned company to produce the metal used to make electric vehicle batteries. Boric proposed to issue future lithium contracts as public-private partnerships with state control, Reuters reports. He added that the government w
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