FTX founder Sam Bankman-Fried has said the cryptocurrency exchange is “in the best of hands”, hours after announcing a deal for its acquisition by competitor Binance. The breaking crypto news today th...
Category: Finance
Live Finance News Updates.
‘Only time will tell if September was the nadir:’ Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market
Winter is coming, and the real-estate market is slowly coming to a standstill. According to a new report by Zillow Z, -1.63%, the typical home in the U.S. saw its value barely inch up between Septembe...
Lyft, Tripadvisor, Take-Two Interactive and more
Check out the companies making headlines in midday trading. Lyft — Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare compan...
Is This Increasingly Electric Auto Giant A Buy Or Sell?
| Getty Images Key Takeaways GM was able to top earnings estimates for the third quarter. GM continues to focus on electric vehicles and energy storage as the company looks to compete directly with Te...
Game studio Ncsoft strikes partnership with Mysten Labs, reveals $15 million backing
Blockchain developer Mysten Labs has entered a strategic partnership with South Korean gaming company Ncsoft, according to a company release. The developer of the Sui blockchain, will partner wi...
FTT Crashes 70% – Trustnodes
FTX’s token FTT has plunged, down some 70% from $25 a couple of days ago to barely holding $7 as of writing. Its market cap has fallen by $2 billion in just two days, down now to $1 billion in one of ...
What 60 years of stock market data says
Bring on Nov. 9. With the midterm elections underway today, investors are eyeing if Republicans could win back control of government and more effectively stop any and all legislation that could rattle...
Levi Strauss CEO says company’s search for new leader got help from unlikely source
Levi Strauss & Co. CEO Chip Bergh speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC As Levi Strauss & Co. searched for its next leader, it got help from a s...
Recall-Plagued Tesla Calls Back Another 40,000 Cars Over Possible Steering Issue
Topline Tesla is recalling more than 40,000 vehicles that could possibly lose power steering assist when hitting potholes or driving over bumps, according to a National Highway Traffic Safety Administ...
China COVID Cases Increase Though No Lockdowns
China Last Night KraneShares Key News Asian equity markets were mixed as Japan and South Korea outperformed while India had the day off for Guru Nanak Jayanti which celebrates the birth of the first S...
Markets Stunned on FTX and Binance – Trustnodes
A fast jump in bitcoin was followed by most of the gains being erased. Likewise, a spike in FTT has FTX’s token down to the same levels as prior to the astonishing announcement that Binance had signed...
Pro explains how to position your portfolio for midterm elections
S&P 500 is still lingering about 20% down versus the start of the year but the midterm elections could be a positive for the markets, says Amanda Agati – the Chief Investment Officer at PNC Asset ...
Canada Kicks Chinese Companies Out of Lithium Mining
Vancouver, BC –News Direct– MarketJar After placing restrictions on foreign participation in supplying “critical minerals” used in batteries and high-tech devices, the governme...
Disney (DIS) earnings Q4 2022
View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. Getty Images All eyes will be on Disney‘s str...
‘The Bastard Son And The Devil Himself’ Is Netflix’s New Critical And Audience Hit No One Is Watching
Bastard Son Netflix Netflix has a problem with failing to elevate some of its great series and watching very average, bad stuff rise to the top of its most-watched charts all-too often. Case in point ...
Record Share Of Homes For Sale Are New Construction—Here’s What That Means For Buyers
Topline The share of new homes on the market surged to record levels last quarter as mortgage rates jumped to a 22-year high, according to real estate brokerage Redfin, forcing builders to offload hom...
FTX appears to have stopped processing withdrawals, on-chain data show
Crypto exchange FTX, which is currently fighting a battle with rival Binance, seems to have stopped processing clients’ requests for withdrawals, according to on-chain data. The last outgo...
Breaking: Binance to acquire FTX
The headline says it all. Stunningly, the world’s largest cryptocurrency exchange, Binance, is set to acquire the world’s second largest cryptocurrency exchange, FTX. While details are sca...
Italian EV start up takes on U.S. and Chinese rivals with a fresh design concept, but higher price tag
MILAN (AP) — Elon Musk’s Tesla paved the way nearly two decades ago. Now, the global transition to fully electric vehicles is littered with startups, inspired by a new era in mobility and drawn by the...
‘RBI Machine’ Jose Abreu May Leave Chicago White Sox As A Free Agent
Chicago White Sox’s Jose Abreu during a baseball game against the Oakland Athletics in Oakland, … [+] Calif., Saturday, Sept. 10, 2022. (AP Photo/Jeff Chiu) Copyright 2022 The Associated P...
Why Are Mortgage Rates Going Up In November 2022?
| Getty Images Key Takeaways Average mortgage rate currently stands at 6.95% for a 30-year loan and 6.29% for a 15-year loan. Experts believe mortgage rates will be contained to a narrow window as we ...
Web3 gaming company Eterlast emerges from stealth with $4.5 million raise
Web3 gaming company Eterlast emerged from stealth having raised $4.5 million to bring web3 games to sports fans. The seed round was led by Supernode Global. Other backers included Immutable X, S...
How the Rich Avoid Taxes
buy, borrow, die Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and pres...
VeChain’s noteworthy mainnet PoA 2.0 all set for positioning
VeChainThor’s most significant and noteworthy mainnet hard fork is now ready to be effectively positioned after a long period of intensive labor and effort. This event occurred after a unanimous vote ...
Oil, Club news, Disney earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Oil in focus Quick mention...
Jay Powell Just Made These 9.7%+ Dividends Even Cheaper
WASHINGTON, DC – JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference after a Federal Open Market Committee meeting on January 29, 2020 in Washing...
Coinbase Germany ordered to address risk management by BaFin
Germany’s financial supervisor, BaFin, has ordered the German branch of crypto exchange giant Coinbase to “ensure proper business organization,” the regulator wrote in an official statement published ...
Can Polygon (MATIC) hit $2 by December 2022? Here’s what the experts say
The price of Polygon (MATIC) has been impacted by the ongoing washout in the cryptocurrency market as uncertainty surrounds the space amid the news surrounding FTX crypto exchange. As things stand, MA...
Binance Announces Intention to Acquire FTX Following a “Liquidity Crunch” – Trustnodes
Binance’s CEO and FTX’s CEO have both stated their companies have signed a Letter of Intent (LoI) agreement for Binance to acquire FTX. “This afternoon, FTX asked for our help,” Changpeng Zhao of Bina...