Bloomberg US stocks dropped in light trading as the weakness in technology shares persisted amid renewed presidential criticism of Amazon.com and retaliatory tariffs from China. The dollar held steady and Treasury yields climbed. The S&P 500 Index slumped after its first quarterly retreat since 2015, with volumes 17 percent below average. The Nasdaq 100 Index lost more than 1.5 percent ...

Bloomberg The reckoning is starting for crypto hedge funds. Demand and profits are drying up at many of the more than 150 funds that popped during 2017’s spectacular surge in Bitcoin—which brought cryptocurrencies to the attention of scores of institutional and individual investors. This year’s 50 percent plunge in the value of Bitcoin has many investors thinking twice. At about ...

Bloomberg China took a major step toward seeing Alibaba Group Holding Ltd., Baidu Inc. and others list in its domestic market, announcing a trial programme that would allow the technology giants to see their shares bought and sold in the world’s most populous country. The State Council unveiled the plans, less than a month after the idea was first made ...