The U.S. House Financial Services Committee is reportedly planning on holding an official hearing regarding the recent collapse of the crypto exchange platform FTX. According to a new report by The Wa...
Category: Finance
Live Finance News Updates.
GM EV unit BrightDrop forecasts $1 billion in 2023 revenue
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General M...
Support For Marijuana Legalization Remains At Record High, Says New Poll
A hand holds a cannabis leaf against the backdrop of an American flag. getty According to the latest Gallup poll, 68% of Americans support legalizing marijuana. This figure has remained the same the l...
3 myths about the Trump tax cuts
Donald Trump is running for president again, and voters are going to hear a lot about the 2017 tax cuts he signed into law. Trump, for one, will brag about the economic magic borne of tax cuts that su...
Can This New Deal Keep Verizon Stock Price Momentum Going?
BlueJeans by Verizon is joining hands with OpenLoop. Company stocks have started rising after their CEO’s statement in an interview. VZ stock was changing hands at a market value of $37.88. An Effort ...
Former SpaceX employees file complaints alleging retaliatory firings
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Former employees of SpaceX have filed federal complaints against the company, alleging Elon Musk’s...
Gas Prices Drop In All 50 States, Although Experts Expect Thanksgiving Will Still Set Record
Topline Even as gas prices fell in all 50 states on Thursday amid a month-long drop in prices at the pump, experts believe they will still set a Thanksgiving Day record, as Americans gear up for what’...
What The 2022 Midterms Mean For The Markets
Kevin McCarthy (R-CA) will serve as speaker of the House from January 2023, how will political … [+] gridlock after the midterms shape financial markets? (Kent Nishimura / Los Angeles Times via ...
Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing. “We are not working with any other crypto exchange as banking service, and our exposure to the cr...
Alameda Had ‘Secret Exemption’ From FTX Liquidation Protocols, New CEO Says
Alameda Research, the crypto hedge fund at the center of Sam Bankman-Fried’s and FTX’s downfall, had a “secret exemption” from the crypto exchange’s liquidation procedures, according to bankruptcy fil...
Rent growth slows to the lowest level in 18 months
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starti...
Visa says Ryan McInerney will replace Al Kelly as its next CEO
Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overse...
Alvvays’ Melodic Dream Pop Captivates Packed New York Audience
LONDON, ENGLAND – OCTOBER 07: Alec O’Hanley, Molly Rankin and Sheridan Riley of Alvvays perform at … [+] Islington Assembly Hall on October 07, 2022 in London, England. (Photo by Lor...
Intel Left In The Lurch As Industrial Manufacturers Switch To Custom Chips
Semiconductors are a modern marvel. The idea something so small can also be so powerful is … [+] mind-blowing. Bettmann Archive One of the biggest trends that nobody is talking about is the race...
I Bonds: How To Buy The High Rate Treasurys
Treasury I bonds weren’t just a good deal in October. They were a great deal with their 9.62% interest rate. And now it’s time for you to consider investing in the Treasury’s latest ...
Avalanche price analysis: AVAX/USD is getting ready to retest the support at $12.01
The cryptocurrency market has very mixed sentiments today. However, Avalanche price analysis just seems to be gearing for further downside. Avalanche is consistently bearish for another day, as its pr...
Pro-XRP Attorney Launches Petition To Investigate SEC Chair Gary Gensler’s Connections With Sam Bankman-Fried
Attorney and Ripple supporter John Deaton is launching a public campaign aimed at convincing lawmakers to probe Securities and Exchange Commission (SEC) chair Gary Gensler and his ties to Sam Bankman-...
Klobuchar Slams Live Nation After Taylor Swift Chaos—As New Congress Threatens Future Of Antitrust Legislation
Topline Sen. Amy Klobuchar (D-Minn.) criticized Live Nation for failing to deliver on consumer fairness promises made during its merger with Ticketmaster, following the Taylor Swift tour debacle earli...
Binance says it cannot provide FTX details because of talks with regulators
Authorities in multiple jurisdictions are questioning Binance over the international crypto exchange’s role in the downfall of FTX, a company spokesperson confirmed to The Block. The inqui...
WalkMe’s Focus On Enterprise Customer Will Drive Profitability, Analyst Says
Needham analyst Scott Berg reiterated a Buy On WalkMe Ltd (NASDAQ: WKME) with a $20 price target. WalkMe reported a solid 3Q22 with a modest revenue upside, a more robust gross margin, and operating e...
Ripple price analysis: XRP faces trouble amid a recovery at $0.3769
In today’s Ripple price analysis, bulls have made a return on the price chart as a rise in price has been detected. The situation has been favorable for the buyers as the price has been covering an up...
Tom Brady, Steph Curry, Shaq and Kevin O’Leary All Named Alongside SBF in FTX Class Action Lawsuit
A new lawsuit against FTX founder Sam Bankman-Fried is naming several celebrities and athletes as co-defendants. The class action complaint, which Oklahoma resident Edwin Garrison filed with the U.S. ...
Taylor Swift Ticketmaster fiasco is fault of demand, bots, Liberty Media CEO says
Now we got bad bots. The CEO of Liberty Media, Live Nation’s largest shareholder, defended the event promoter against calls that it should be broken up following a storm of glitches and site fai...
How to buy on the secondary market
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 on Nov. 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Taylor Swift fans are not having a “...
FIFPRO’s Jonas Baer-Hoffmann Raises The Alarm Bell Over Player Workload Yet Again, Questions Human Rights Legacy Of The World Cup.
PARIS, FRANCE – MAY 10: Secretary General of FIFPRO, Jonas Baer-Hoffmann speaks on stage during the … [+] Global Sport Week – Day Two at AccorHotels Arena on May 10, 2022 in Paris, F...
Jobs Report — Modest Gains And Climbing Wages In Spite Of An Oncoming Recession
| Getty Images Key Takeaways The October jobs report showed an increase of 261,000 non-farm jobs. Most major industries showed an increase in employment. Wage growth continues to move higher with a 3....
General Motors to hit a key EV milestone years ahead of schedule
General Motors Company (NYSE: GM) is in focus on Thursday after the automaker said it will achieve an important EV milestone years ahead of schedule. Inflation Reduction Act to benefit GM The car comp...
2 “Strong Buy” Penny Stocks That Could See 200% Gains (Or More)
Investors know that the key to profits is in the return – and that means, a willingness to shoulder risk. Risk is relative, of course, and tends to run hand-in-hand with the return potential. Find a s...
RACA Foundation ‘Passing the Torch’ on Climate Change Mission from Justin Sun and Beeple $6M ‘Ocean Front’
The art piece donation “Ocean Front” was created to raise funds for climate change, which is now donated to RACA Foundation, which has recently announced a long-term sustainability project to help the...