Bear market looms as 2022 US equity decline deepens

NEW YORK, June 13 (Reuters) – The stock market’s brutal year approached a grim milestone as Monday’s tumble in the S&P 500 threatened to leave it in a bear market for the first time since March 2020, fueled by worries about soaring inflation, a hawkish Federal Reserve and future economic growth. The benchmark S&P 500 … Read more

Bitcoin Slips After Crypto Lender Celsius Network Freezes Withdrawals

LONDON, June 13 (Reuters) – Bitcoin tumbled on Monday after leading U.S. cryptocurrency lending firm Celsius Network froze withdrawals and transfers citing “extreme” terms, in the latest sign of how financial market turmoil is causing distress in the cryptosphere. The Celsius move sparked a slide in cryptocurrencies, with their value falling below $1 trillion on … Read more