Markets – Page 194 – XtremeCuztoms

FTX Bankruptcy: $740 Million in Cryptocurrency Assets Recovered

BitGo, the firm tasked with locking down the crypto assets of bankrupt crypto exchange firm FTX, has recovered $740 million worth of assets so far, revealed a recent court filing. FTX debtors are in the process of locating and securing the company’s digital assets. As part of this, the debtors hired BitGo as the custodian…

EU Preparing New Russia Sanctions Package, von Der Leyen Says

HELSINKI—The European Union is pressing ahead with a ninth sanctions package on Russia in response to Moscow’s attack on Ukraine, European Commission chief Ursula von der Leyen said during a visit to Finland on Thursday. “We are working hard to hit Russia where it hurts to blunt even further its capacity to wage war on…

Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes

LONDON—The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting. The eagerly awaited readout of the Nov. 1–2 meeting showed officials were largely satisfied they could now move in…

Oil Drops as Price Cap Proposal Eases Supply Concerns

LONDON—Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger than expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices. Brent…

Dollar Nears 3-month Low, Shares Climb After Fed Tests the Brakes

LONDON—World shares touched a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve meeting minutes pointed to a slower pace of U.S. interest rate rises from next month. With Wall Street shut for Thanksgiving, it was up to Europe to continue the rebound in market confidence that has been…

FTX Was Sam Bankman-Fried’s ‘Personal Fiefdom,’ Lawyers Say

FTX was run like a “personal fiefdom” of former CEO Sam Bankman-Fried, a lawyer for the failed cryptocurrency exchange said in a Wilmington, Delaware bankruptcy court on Tuesday. The comment came during the first bankruptcy hearing for the collapsed crypto exchange, one of the biggest in the world. The hearing was live-streamed on both YouTube and Zoom. FTX…

The Biden administration has quietly approved plans to build a new crude oil terminal in the Gulf of Mexico off Texas, seemingly in contradiction to the president’s climate agenda. The Department of Transportation’s Maritime Administration approved the application (pdf) for Enterprise’s Sea Port Oil Terminal, one of four proposed offshore oil export terminals, on Monday. According to the application, the port…

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FTX Bankruptcy: $740 Million in Cryptocurrency Assets Recovered

EU Preparing New Russia Sanctions Package, von Der Leyen Says

Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes

Oil Drops as Price Cap Proposal Eases Supply Concerns

Dollar Nears 3-month Low, Shares Climb After Fed Tests the Brakes

FTX Was Sam Bankman-Fried’s ‘Personal Fiefdom,’ Lawyers Say

Biden Admin Quietly Greenlights Plan to Build Huge Gulf Oil Terminal

How to Find a Job With No Experience

How to Find a Job With No Experience or Qualifications

US Crude Oil Inventories Down, SPR Still at Historic Lows, But Other Petroleum Inventories Up: EIA

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