Text size Tens of billions of investors’ capital has been vaporized inside some top tech hedge funds. It could be the quickest collapse of dollar value

On Monday, May 2, a computer-driven “Flash Crash” wiped out $315 billion from the Stockholm Stock Exchange in just five minutes. And 12 years earlier, in this same week, the first infamous Flash Crash struck the New York Stock Exchange and drove stocks down 1,000 points

In this article UBER RIVN F PLTR Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir - Shares of the software company

Bob Farrell, a 90-year-old retiree in Florida, is hardly a household name on Main Street. But on Wall Street, Farrell is an absolute legend. To say that Farrell has seen it all is an understatement. He has witnessed every bull-, bubble- and bear market since

The stock market is drunk. I sent that message to my editor, Melody, as stocks tanked on Thursday. This came off a strong rally on Wednesday after the Federal Reserve hiked interest rates as expected. I was looking for that momentum to carry us the rest of the

Billionaire Thomas Peterffy told CNBC on Monday investors should "definitely" start buying the dip at some point, but just not yet.

Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he's confident inflation will come back to normal though it's taking longer than he expected. Acknowledging that he was on "team transitory" in believing that surging prices wouldn't last, he said persistent supply-demand imbalances

A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Consumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a

In this article PTON A woman walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Analysts and investors are eager to get to know Peloton Chief Executive Officer Barry McCarthy and

Vice President Kamala Harris during an event on high-speed internet access. Kent Nishimura | Los Angeles Times | Getty Images The Biden administration said it secured commitments from 20 internet service providers to either reduce prices or increase speeds to serve low-income households, according to a White