FTX.com effectively paused withdrawals, CEO Sam Bankman-Fried told staff via Telegram, according to Reuters. The exchange — which Binance has struck a deal to acquire — experienced around $6 bi...
Category: Finance
Live Finance News Updates.
Wells Fargo Embroiled in Yet Another Scandal
Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment ser...
Space company announces layoffs amid rocket delay
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay...
Whisky Is Going Through An Experimental Phase
Whisky is growing faster than ever getty With the worldwide whisky category rising to a valuation of £60.63 billion in 2022 and the market expected to see annual growth of 7.10% (CAGR 2022-2025)*, it’...
Uncovering Promising Micro Caps With The Tiny Titans Strategy
. This week, we cover the O’Shaughnessy Tiny Titans stock-picking strategy and give you a list of stocks currently passing our screen based on the approach. The O’Shaughnessy Tiny Titans strategy focu...
Upstart shares just tanked 25%: find out why
Upstart Holdings Inc (NASDAQ: UPST) tanked more than 25% in extended trading on Tuesday after the AI lending platform reported a disappointing third quarter and issued weak guidance for the future. Up...
Binance moves to acquire FTX after cryptoworld spat boils over
Binance is pulling rank in the role of crypto consolidator in chief amid public tensions with rival FTX. “This afternoon, FTX asked for our help. There is a significant liquidity crunch,” ...
What It Means When Gap Quits China And The Market Just Shrugs
GAP Flagship Store in Shanghai, China. getty In the mergers and acquisitions business, there are questions that buyers ask about companies that go in and out of fashion. Until a few years ago, the mos...
The Lottery Jackpot’s The Largest In Recorded History. Should You ‘Invest’?
If you won the lottery, how should you take the money? getty As the Powerball jackpot hits record-breaking $2 billion, and we wait to see if there’s a winning ticket, does it make sense to play? Your ...
Little-known Harmonic stock has returned strongly this year. Here is the next level to buy it
Harmonic Inc. (NASDAQ:HLIT) may be one of the most overlooked stocks in the last two decades. The stock traded at a high of above $15 in October, the highest since August 2001. A snapshot of the stock...
‘History points to a post-midterm rally:’ Oppenheimer suggests 3 stocks to ride the momentum
America goes to the only poll that counts, and tomorrow morning we’ll have a better picture of the next Congress. All indications point toward a hefty GOP win, and a consequent legislative check on th...
AMC Entertainment (AMC) earnings Q3 2022
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Tuesday reported third-quarter revenue that was up ne...
Cigna’s $2.5 Billion Stake In VillageMD’s Summit Venture To Grow Evernorth Provider Portfolio
The Cigna Corp. Cigna Health Benefits application is seen in the App Store on an Apple Inc. iPhone … [+] in Washington, D.C., U.S., on Thursday, April 26, 2018. Photographer: Andrew Harrer/Bloom...
These 4 Stocks Have Tripled During A Lousy Year
Offshore supply ships and platform support vessels. Photographer: Simon Dawson/Bloomberg © 2014 Bloomberg Finance LP. In a punk year, four stocks with a current market value of $1 billion or more have...
This energy stock stands to benefit if GOP wins the midterm elections
“XLE” – the Energy Select Sector SPDR Fund is already up more than 20% for the year but energy stocks are not out of room to run just yet, says Al Rabil. He’s the Co-Founder and Chief Executive of Kay...
Affirm Looks Weak Ahead of Earnings
In our August 26 review of Affirm (AFRM) we wrote that “The charts and indicators of AFRM are weak and traders should avoid the long side for now. Maybe later…” With AFRM scheduled...
Will Recent IOTA Collaboration Help MIOTA Price to Go Up or Down?
IOTA partners with Mises, a mobile-based web browser. The partnership may significantly affect MIOTA price considering their focus in Web3. MIOTA was trading at a market price of $0.25. IOTA Sealing V...
Improving Chinese import data good for Estee Lauder, Wells Fargo says
Wells Fargo (WFC) on Tuesday raised its price target on Club holding Estee Lauder (EL) to $225 from $215 on the back of an improvement in cosmetics- and duty-free imports to China, a crucial market fo...
Kohl’s CEO Michelle Gass Stepping Down To Join Levi Strauss & Co.
Kohl’s CEO Michelle Gass announced she will step down on Dec. 2 (Photo by Robert Alexander/Getty … [+] Images) Getty Images Michelle Gass, embattled Kohl’s CEO said today that she will ste...
Binance To Acquire FTX In Emergency Bailout
Key Takeaways After days of swirling rumors about a liquidity crisis at FTX, Binance has stepped in at the last minute to acquire the company and save it from collapse. This comes as FTX’s own t...
One restaurant stock that ‘stands out’ despite fears of recession
Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) has recovered about 20% since late September but a Deutsche Bank analyst is convinced there’s more to come in the months ahead. Dave & Buster s...
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not...
Record Powerball Jackpot Jumps To $2.3 Billion After No Ticket Wins Monday’s Draw—Here’s How Much Tax A Winner Would Pay
Topline No one bagged Monday night’s enormous $2.04 billion Powerball jackpot, sending the prize soaring to a record-breaking $2.3 billion for the next draw, the lottery reportedly said, though any lu...
Europe’s Carmakers Brace For 2023, While VW Volume Brands Could Lose Money
Recession ahead – road sign warning concept Getty Europe’s carmakers have already written off 2022 as a down year for volumes, despite many posting increased profits in the third quarter. But an...
FTT dumps 30% in an hour amid violent reaction to FTX news
FTX (FTT/USD) token price has dropped more than 30% in one hour and nearly 60% in the past 24 hours, falling from around $22 on Monday to under $10 on Tuesday afternoon. At the time of writing, FTT/US...
5 Steps to Retiring With $5 Million
Even though $5 million is a significant sum, having a nest egg that size for retirement still requires that it be handled in a prudent manner. Here are several ways to make sure that such an amount co...
Climate change threatens ‘things Americans value most’: gov’t report
The Jade Isle Mobile Home Park is flooded in this aerial view from a drone in St. Cloud. Residents of the community were issued a voluntary evacuation order due to rising water levels in the aftermath...
Here’s Why The 2022 World Cup Is Mired In Controversy
Topline The controversial former boss of FIFA decried the organization awarding the 2022 World Cup to Qatar as a “bad choice” Tuesday, citing human rights issues in the country, adding to a growing ch...