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
admin
Alternative InvestmentsBrightBusiness & MarketscryptocurrencyFTXinvestingInvestmentMarketspersonal financeSam Bankman-FriedUS
0 Comment
Why Do Banks Buy Gold?
If you’re wondering, “Do banks buy gold?” the answer is a resounding yes. With inflation rising dramatically, financial institutions currently purchase gold in large quantities. Therefore, it is essential to understand the benefits of investing in gold to fully grasp how banks use gold investments to protect themselves against fluctuations in the market. Central banks…
Wall Street Opens Flat, Tesla Rises on Musk Poll Outcome
Wall Street’s main stock indexes were subdued at the open on Monday after two straight weeks of losses on recession worries, while Tesla shares rose after a poll showed Elon Musk should quit as Twitter’s CEO. The Dow Jones Industrial Average rose 0.99 points, or 0.00 percent, at the open to 32,921.45. The S&P 500…
European Unity Breaking as Bloc Announces Ninth Sanctions Package Against Russia
December 19, 2022
admin
Business & MarketseconomyEU energy crisisEuropeeuropean sanctions on russiaEuropean UnioninflationMarketsRussia-Ukraine WarWorld
0 Comment
European Union (EU) leaders recently agreed on a ninth package of sanctions against Moscow, but the group is facing conflicting opinions about the extent it should go with these sanctions. The latest package imposes export controls and restrictions on certain technological goods that can boost Russia’s defense sector as well as technologies like aircraft engines…
Founder of Cryptocurrency ‘OneCoin’ Pleads Guilty to Fraud Charges, Bulgarian Co-Founder Still Wanted
A co-founder of the fraudulent cryptocurrency OneCoin, touted as a “Bitcoin killer,” pleaded guilty to money laundering and wire fraud charges in a New York City federal court on Friday, while the other founder remains missing and is listed among the FBI’s most wanted. The defendant, Karl Sebastian Greenwood, 45, co-founded OneCoin with Ruja Ignatova…
Dollar Slips as Markets Bounce
LONDON—The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies higher. The dollar index—which tracks the greenback against a basket of six major currencies—fell 0.4 percent to 104.410, reversing some of its gains from the previous week after the U.S. Federal Reserve and European Central Bank hiked rates….
Oil Bounces as China Demand Hopes Offset Recession Fears
December 19, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, the world’s top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but plans to step…
Stocks Wobble as Rate Risks Cloud 2023 Outlook
December 19, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
MILAN—World stocks inched higher on Monday but stayed near 6-week lows as investors started the year’s last full trading week still mindful of interest rate hike risks to the economy in 2023. The U.S. Federal Reserve and European Central Bank hiked rates and promised more last week, and speculation is even building that the Bank…
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…
Ex-Treasury Secretary Sees Recession Coming and It Will Not Be Mild
Former Treasury Secretary and National Economic Council advisor Lawrence H. Summers sees a recession coming and that it will not be a mild one. Summers, in an interview with MSNBC on Dec. 15, said that the Federal Reserve will have to face a recession in the end if inflation is to come down. He was speaking a day…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta