After weeks of speculation as to whether former billionaire, now hapless participant, Sam Bankman-Fried would be arrested for fraud surrounding FTX, the cryptocurrency exchange he ran into the ground, the mystery is over. The crypto exchange founder surrendered to Bahamian custody last week and is now awaiting extradition to the United States. Following a grand…
FTX Dust Settles, Soiling Everyone
December 19, 2022
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Alternative InvestmentsBrightBusiness & MarketscryptocurrencyFTXinvestingInvestmentMarketspersonal financeSam Bankman-FriedUS
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State Attorneys General Sound the Alarm About BlackRock, Vanguard Buying Large Stakes in America’s Utilities
December 19, 2022
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BlackRockBusiness & MarketsenergyinflationInvestmentstate attorneys generalUSUS NewsutilitiesVanguard
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The acquisition by investment managers BlackRock and Vanguard of ever-increasing shares in America’s public utility companies is setting off alarm bells from conservatives and progressives alike. In April, the Federal Energy Regulatory Commission (FERC) approved a request from BlackRock to increase its ownership up to 20 percent of a public utility’s voting shares without being…
State AGs Sound the Alarm About BlackRock, Vanguard Buying Large Stakes in Utilities
December 19, 2022
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BlackRockBusiness & MarketsenergyinflationInvestmentstate attorneys generalUSUS NewsutilitiesVanguard
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The acquisition by investment managers BlackRock and Vanguard of ever-increasing shares in America’s public utility companies is setting off alarm bells from conservatives and progressives alike. In April, the Federal Energy Regulatory Commission (FERC) approved a request from BlackRock to increase its ownership up to 20 percent of a public utility’s voting shares without being…
Recession Coming in 2024: Economic Forecaster
American industry will slow down next year, then fall into a recession the year after, according to ITR Economics, an economic forecaster. “We’re still calling for more of a slowing growth cycle in 2023, but the original soft landing that we were calling around the end of 2023 now looks like it’s turning into a…
Electric Vehicle Battery Recycling Plant Joins ‘Battery Belt’ in South Carolina
A Nevada-based electric vehicle (EV) battery startup company has announced its plans for a $3.5 billion recycling, refining, and remanufacturing battery plant in Berkeley County near Charleston, South Carolina. Redwood Materials, started by Tesla co-founder JB Straubel, was referenced among key players in mineral production in President Joe Biden’s Feb. 22 Fact Sheet on Securing…
These 6 Mistakes Cost Me More Than $4 Million
December 17, 2022
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Alternative InvestmentsBrightbudgetingEarning MoneyinvestingInvestmentpersonal financeSports cardsWarren Buffett
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“Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One” As a result of the financial crisis of 2008, Warren Buffett lost about $23 billion personally, and his company, Berkshire Hathaway, lost its AAA credit rating. So how can he tell us not to lose money, then? His point is that…
Elon Musk: Auto Loans Could Be Source of ‘Biggest Financial Crisis Ever’
The automotive market may be under stress as several experts call for a massive wave of repossessions in early 2023, with prominent figures like Tesla founder Elon Musk and Ark Invest’s Cathie Wood sounding the alarm about the potential impact on financial markets. “Potentially the biggest financial crisis ever,” Musk posted on Twitter Friday in response to…
Retiree Investment Scammer Jailed
When more than a dozen retirees entrusted Richard Emile Ayoub with millions in life savings to invest on their behalf, the self-declared strategic-thinking businessman used the cash to buy Bitcoin in an elaborate scam. The American Sydney resident was sentenced to two years and six months in prison with a non-parole period of 18 months…
Despite 2022 Market Collapse, Young Investors Still Bullish on Cryptocurrencies: Study
It has been a tumultuous year for the cryptocurrency industry, from the crash in prices to the FTX fiasco. But a new study finds that this has not discouraged many young investors from parking their disposable income in crypto. According to a new Crypto State of the Industry Report by brokerage firm tastyworks, Generation Zers…
Idaho Cobalt Belt Explored as New Frontier of Ethically Sourced Rare Earth Minerals
December 16, 2022
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Business & MarketscobaltCompaniesDemocratic Republic of Congoeconomyelectric vehicle (EV)EnvironmentInvestmentRegional NewsRegional-Local NewsScienceUSUS News
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An electric battery technology company has expanded its search for domestic cobalt to Idaho. The Toronto-based Electra Battery Materials Corporation announced on Wednesday that it has acquired a 5.3-square-kilometer (just over two-square-mile) land package that will allow for more exploration of cobalt near the company’s current excavation efforts in the Idaho Cobalt Belt (ICB), a…
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