Topline As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as America...
Category: Finance
Live Finance News Updates.
German VC Picus Capital commits to web3 with new investment arm
German venture capital firm Picus Capital launched a dedicated web3 and crypto investment arm called picus.xyz. “Picus.xyz is not only a sign of our long-term belief and commitment to web3...
GE is splitting into three parts. The CFO of its Healthcare unit outlines his strategy for 2023
Good morning, “I’ve been with GE Healthcare now for two years,” CFO Helmut Zodl tells me. “And really my motivation to come here was to prepare the company and do the spinoff.” So attending GE H...
US Prosecutors Probing Whether Former FTX CEO Sam Bankman-Fried Influenced the Terra (LUNA) Implosion: Report
Federal US prosecutors are reportedly looking into the potential link between former FTX CEO Sam Bankman-Fried’s fallen crypto empire and the downfall of stablecoin issuer Terra (LUNA). According to a...
Netflix, Lululemon, DocuSign and more
SOPA Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday: Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expecte...
Bankruptcy Law Doesn’t Allow Debtors To Escape Student Debt: The Law Should Change
It’s difficult to conceive of a way to address the student debt issue in a way that would satisfy both conservative and liberal politicians, but a nascent movement to allow people to discharge s...
Lululemon stock is down 13% today: buy the dip?
Lululemon Athletica Inc (NASDAQ: LULU) opened more than 10% down on Friday after the athletic apparel retailer reported weaker-than-expected profit for its fiscal third quarter. Is that a signal to se...
Vietnamese EV company VinFast files for IPO in the US
The electric vehicle market in the US was worth $24.3 in 2020. VinFast will go by the ticker symbol VFS on a top US stock exchange. VinFast’s IPO will mark a first for Vietnam. VinFast files for IPO A...
Affordable Housing Depends On Small Businesses
For dense housing to be appealing, third places to work and socialize are essential. getty For years my pitch on cities was all about compact communities and third places. You don’t need a big house, ...
FalconX says finances strong despite FTX exposure
FalconX, the crypto prime broker, told clients its finances are strong despite the exposure it had to collapsed crypto exchange FTX. “FalconX balances locked on FTX represented 18% of our ...
I have $600K invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. Is it time to get rid of him?
Question: My financial advisor has made one trade this entire year and has left $7,500 in cash in my Roth IRA since January. I had $600,000 in assets at the start of the year. Some minimal reallocatio...
ChainLink price analysis: LINK bearish at $6.9
ChainLink price analysis for December 9, 2022, reveals the market following a complete bearish movement, obtaining massive negative momentum, signifying a decline for the LINK market. The price of Cha...
FTX Lawyers Tell Bankruptcy Court The Company Became SBF’s “Personal Fiefdom”
During the proceedings, the newly appointed FTX lawyers put their analysis in front of the court. Before filing for Chapter 11 bankruptcy, the former FTX CEO, Sam Banman-Fried, reported the liquidity ...
An Emotional Trevor Noah Says Farewell To ‘The Daily Show’
Trevor Noah on set during a taping of “The Daily Show with Trevor Noah” on Tuesday, Sept. 29, 2015, … [+] in New York. (Photo by Evan Agostini/Invision/AP) Associated Press Trevor No...
Which Stocks Are Going To Suffer From A Rail Shutdown?
WASHINGTON, DC – U.S. President Joe Biden speaks after signing bipartisan legislation averting a … [+] rail workers strike in the Roosevelt Room at the White House. Getty Images Key Takeaw...
Machine learning algorithm sets FLOKI price for December 31, 2022
Following the meteoric rise of dog meme coins in 2021 led by Dogecoin (DOGE) and Shiba Inu (SHIB), a third also was launched, Floki (FLOKI), named after Tesla (NASDAQ: TSLA) CEO Elon Musk’s Shiba Inu ...
John Paulson Seeks to Shut Down Wife’s Suit Alleging Hidden Billions
(Bloomberg) — John Paulson is seeking to shut down his wife Jenica’s lawsuit accusing him of shielding billions of dollars in assets from their divorce, claiming she’s the one who’s engaged in a...
The World’s Wealthiest Person: Elon Musk Briefly Loses Title to French Billionaire
Musk bought Twitter for $44 billion after initially backing out of the deal. SpaceX, Neuralink and OpenAI are some of Musk’s famous creations. Neuralink is under federal investigation. The wealthiest ...
Some Simple Ways To Improve Regulation And Boost Economic Growth
Stressed out African American female freelancer working from home using her laptop and encountering … [+] some problems concerning her business getty Nearly halfway through his first term, Presi...
The Real Estate Phoenix Rises From The Ashes, Week In Review
Week in Review Asian equity markets had a mixed performance week as Hong Kong, and Mainland China were the only markets to end the week higher on China reopening and the real estate rebound. China’s P...
Bancor DAO mulls proposal for self-arbitrage bot to cover $26 million deficit
Bancor DAO, the decentralized community that oversees the Bancor DEX, is considering a proposal to create a self-arbitrage bot to profit off opportunities on its own protocol in an attempt to reduce t...
Carvana could run out of cash within months: analyst
The only thing Carvana may be delivering in the months ahead is more pain to investors. The online used car seller — a former pandemic darling that has now become one of the most hated stocks on Wall ...
Best Twitter threads of the day – December 9th
SBF is willing to testify 1) I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'...
GameStop (GME) Stock Surges 11% Following Q3 Earnings
GameStop (NYSE: GME) has stated its strategy towards cryptocurrencies, which is to stop focusing on the sector once for all. The gaming retailer has reported a loss of over 94.7 million USD worth capi...
This Week’s Job Report Presents Mixed News For Investors
Getty Images Key takeaways Thursday’s jobs report and unemployment report found that November’s numbers performed slightly better than expected Meanwhile, last week’s jobless claims rose roughly in li...
Amber Group retreats from U.S. and Europe as it raises funds from new investor
Asian cryptocurrency investment firm Amber Group is stepping back from plans to expand in the U.S. and Europe as it retrenches to survive the crypto winter. Angie Beehler, head of U.S. institut...
Tesla stock is still ‘egregiously overvalued’: Analyst
Shares of Tesla Inc (NASDAQ: TSLA) have been cut in half this year but a Roth Capital Partners’ analyst still does not see them as attractively valued. The bear case for Tesla stock According to Craig...
Queen Latifah – worth an estimated $70 million – got this money savings advice from her mom. Pros say more of us should follow it, too: ‘The best part is it scales the more you make.’
BEVERLY HILLS, CALIFORNIA – OCTOBER 22: Queen Latifah attends TheGrio Awards 2022 at The Beverly Hilton on October 22, 2022 in Beverly Hills, California. (Photo by JC Olivera/Getty Images) Getty Image...
Aptos Lab Filing Was Resolved, CEO Of Kalos Labs Says
CEO of Kalos Labs, Shari Glazer, recently sued Aptos Lab CEO Mohammad Shaikh, who was deprived of her fair share of equity in the new firm. After many discussions, now Glazer said the case was resolve...