Tag: Markets

PREMIERING NOW: Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson

November 18, 2022
2022 Midterm ElectionsAndy BiggsBusiness & MarketscryptocurrencyEpochTVEuropeFresh Look AmericaFTXInvestmentKevin McCarthyLive VideosMarketsPoliticsRussia-Ukraine WarSam Bankman-FriedUSVideoWorld
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Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…

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PREMIERING 7 PM ET: Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson

November 18, 2022
2022 Midterm ElectionsAndy BiggsBusiness & MarketscryptocurrencyEpochTVEuropeFresh Look AmericaFTXInvestmentKevin McCarthyLive VideosMarketsPoliticsRussia-Ukraine WarSam Bankman-FriedUSVideoWorld
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Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…

Read More

Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson

November 18, 2022
2022 Midterm ElectionsAndy BiggsBusiness & MarketscryptocurrencyEpochTVEuropeFresh Look AmericaFTXInvestmentKevin McCarthyLive VideosMarketsPoliticsRussia-Ukraine WarSam Bankman-FriedUSVideoWorld
0 Comment

Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…

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Stocks End Higher on Wall Street but Still Fall for the Week

November 18, 2022
Business & MarketsMarketsstocksWall Street
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A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading. The S&P 500 rose 0.5 percent after wavering between small gains and losses for much of the day. The Dow Jones Industrial Average rose 0.6 percent…

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FTX Collapse Illustrates Dark Side of Technology Revolutions

November 18, 2022
Alternative InvestmentsBrightBusiness & MarketscryptocurrencyFTXinvestingMarketspersonal finance
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When I wrote last week about the collapse of crypto exchange FTX and the fall from grace of its founder and CEO, Sam Bankman-Fried (“Falling Meteorite FTX Scorches Crypto Landscape”), it was already apparent that this multibillion-dollar swindle would go down as one of the largest financial frauds in history. With its most recent valuation…

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Twitter Will Need to Add Moderators in Europe, Top EU Official Demands

November 18, 2022
Business & MarketsCompaniescontent moderationeconomic policieseconomyEuropeEuropean Unionfree speechMarketsMedia & Big TechTwitterUSWorld
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Twitter has been ordered to increase the number of Twitter moderators in the European Union (EU) if it wants to operate there, said a top EU regulator. The EU’s Digital Services Act (DSA) and the Digital Markets Act (DMA), which came into force on Nov. 16, will put larger Internet platforms under the bloc’s online content censorship rules. European…

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Crypto Executive Compares Sam Bankman-Fried to Ponzi Conman Bernie Madoff

November 18, 2022
Bernie MadoffbinanceBusiness & MarketsCompaniesCrypto Exchange FTXCrypto MarketsCrypto ScamscryptocurrencyeconomyMarketsPonzi SchemesSam Bankman-FriedTechTech NewsUS
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Crypto exchange Binance’s chief strategy officer Patrick Hillmann has compared Sam Bankman-Fried, CEO of the bankrupt crypto exchange FTX, to the infamous Ponzi scheme mastermind Bernie Madoff. In an interview with CNBC, Hillmann said that venture capitalists were attracted to Bankman-Fried’s persona and appearance of credibility. Bankman-Fried is either like Elizabeth Holmes, founder of the…

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Fed’s Bullard Says Rates as High as 7 Percent May Be Necessary to Reduce Inflation

November 18, 2022
Business & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesJames BullardMarketsPolicies & ImpactsUS
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The Federal Reserve may have to raise rates as high as 7 percent in order to have an impact on inflation, said James Bullard, president of the Federal Reserve Bank of St. Louis. Even if one allows for a “generous” assessment regarding the recent progress the Fed has made to fight inflation, it must continue…

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Dollar Heads for Weekly Gain as Fed Pushes Back on Pivot

November 18, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following Britain’s budget for tax rises and…

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Oil Heads for 2nd Weekly Decline as Demand Concerns Weigh

November 18, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil gave up early gains on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further interest rate rises by the U.S. Federal Reserve. China has seen a rise in COVID-19 cases, while hopes for the moderation of aggressive U.S. rate hikes have been dented…

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