FTX’s brand is so toxic it wants to jettison subsidiaries before they lose value by association. The company’s new leadership asked a federal bankruptcy judge for permission to sell...
Category: Finance
Live Finance News Updates.
Dow Jones Futures: Nasdaq Breaks Key Level, Apple Dives; Here’s The Silver Lining
Dow Jones futures were little changed in after-hours trade, along with S&P 500 futures and Nasdaq futures. Software giant Adobe rose late on an earnings beat, while big Cathie Wood holding Exact S...
Solana price analysis: SOL continues lowly sideways trend around $14
Solana price analysis continues to show a bearish sight, as price trods along a horizontal trend that was set on November 24, around the $13.5 mark. Over the past 24 hours, SOL price jumped as high as...
‘Wirefraud’: A Chat Group Formed by The FTX’s Lead Members
According to the new report from The Australian Financial Review, an inner circle of people using a Signal chat group “Wirefraud.” FTX’s Signal Chat Group: “Wirefraud” The members of the inner circle...
Energy Secretary Sees Huge Economic Opportunities In Energy Security, Including For Diverse Small Businesses
“The ecosystem around being energy secure is a jobs ecosystem. We’re going to create a million jobs by 2030 in the United States in this energy space because of the Inflation Reduction Act,” Sec...
Stocks plunge after rate hikes, weak retail sales rattle markets
U.S. stocks tumbled Thursday as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by monetary policymakers across the Atlantic. A disappointing ...
What Did New FTX CEO John Ray Tell Lawmakers?
New FTX CEO John Ray III called FTX collapse an “old-fashioned embezzlement,” at the hearing. The crypto exchange’s truth is coming out via investigations. What did the new CEO disclose? The new CEO ...
Abby Roque And USA Focused On ‘The Micro’ As #RivalrySeries Resumes
Canada’s Emily Clark (26) tries to slow down United States’ Abby Roque (11) during a preliminary … [+] round women’s hockey game at the 2022 Winter Olympics, Tuesday, Feb. 8, 2...
AT&T’s Stock Is ‘Less Attractive’ As Customer And Dividend Worries Mount, Analyst Says
Morgan Stanley analyst Simon Flannery downgraded AT&T Inc (NYSE: T) from Overweight to Equal-Weight with a $20 price target. The re-rating followed sustained outperformance in 2022, driving a less...
MacKenzie Scott Outlines Criteria For Doling Out Her Billions
Topline MacKenzie Scott, one of the wealthiest women in the world following her divorce from Amazon’s founder Jeff Bezos, launched a website revealing the process behind how she chooses which groups t...
Pfizer and Moderna Shares Break Out. Here’s the Trade.
Drug stocks have been on fire lately, and over the past few weeks, the two leading covid-19 vaccine makers, Pfizer (PFE) – Get Free Report and Moderna (MRNA) – Get Free Report, have surg...
California’s New Fast-Food Employment Council Will Stifle Opportunity In The Golden State
McDonald’s is testing new ordering kiosks at a working restaurant at the company’s Oak Brook, … [+] Illinois headquarters. (Photo by Ralf-Finn Hestoft/Corbis via Getty Images) Corbis...
NASDAQ-100 Weakens Further: A Price Chart Analysis
Nasdaq, Nasdaq-100, Apple, growth getty AppleAAPL , MicrosoftMSFT and AmazonAMZN are the 3 biggest components of the NASDAQ-100 Index and it’s been months since any of them have seen higher highs. Inv...
Here’s how Adobe did in its fourth financial quarter
Adobe Inc (NASDAQ: ADBE) is trading 6.0% up in extended hours after the cloud company reported strong results for its fiscal fourth quarter. Adobe stock up on encouraging guidance Investors are also c...
‘Big Short’ Michael Burry Sends an Alarming Warning to Investors
Investors are worried. They wonder whether we are in a recession or we are heading towards a recession. What will this sharp slowdown in economic activity look like as companies have started pausing ...
Push For Puerto Rico Statehood Vote Gets One Step Closer With House Approval — But Faces Long Odds In Senate
Topline The House passed legislation on Thursday that would require Puerto Rico to vote on whether to change the island’s legal status next year, marking a significant step toward making the U.S. terr...
Key Republican presses Yellen to issue digital asset reporting rules
Rep. Patrick McHenry is urging the Treasury Department to issue clearer digital asset reporting rules as part of last year’s infrastructure bill and delay compliance requirements for the new rules. &...
Elon Musk is using Tesla as his personal ‘ATM machine’ after cashing out another $3.5 billion in stock. It’s a ‘train wreck situation,’ Wedbush’s Dan Ives says.
Elon Musk sold another $3.58 billion in Tesla stock this week, bringing his total sales since November of last year to nearly $40 billion—and investors aren’t happy about it. Wedbush’s tech analyst Da...
Polkadot price analysis: DOT prices consolidate around $5.21 amid bearish winds
Polkadot price analysis shows that the DOT/USD pair is facing a bearish market as it has slipped below the $5.25 mark. The key support level for the pair is present at $5.13, and if this level breaks,...
Six experts weigh in on the real estate outlook in 2023
If “hot” was the overused word to describe the U.S. housing market in 2021, then lukewarm to outright freezing might best describe how the market fared overall this year. The pandemic housing market ...
BitGo CEO Confirms Alameda Research Tried to Regain 3000 wBTC
Over a month has passed since FTX filed for bankruptcy under the Chapter 11 Bankruptcy Code. Alameda Research, sibling trading firm of the crypto exchange, was reported to be gathering cash prior to t...
Justin Roiland Talks Art, Creativity, And New Exhibition, ‘Debut’
Justin Roiland, Debut Installation view UTA Artist Space, Beverly Hills Photo credit line: … [+] Photographed by Jeff McLane. Courtesy of UTA Artist Space. Photo by Jeff McLane Justin Roiland h...
Stock Market Braces For ‘Volatile’ Trading In Coming Weeks—Here’s How Much The S&P Could Tank
Topline As concerns over a looming recession push stocks to five-week lows, a growing rash of experts warn the volatility should only continue in the coming weeks, as uncertainty grows over the holida...
Quants May Be Forced to Sell $30 Billion of Stock Futures as Markets Drop
(Bloomberg) — Thursday’s stock selloff sent the S&P 500 to levels that likely made bears of certain types of rules-based investors. Most Read from Bloomberg Commodity trading advisers, who p...
Core Scientific continues its rally
Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today. Bitcoin was valued at around $17,400 at the close on Thursday, Dec. 15, according to data from...
15 Years Ago, the Housing Market Crashed Under Similar Circumstances
Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. According to the St. Louis Fed, the median price for a home was $257,400, a record. The Fed was raising i...