BlockFi is bringing back its popular high yield crypto savings account almost nine months after the SEC fined the fintech, thanks to a loophole. And this time it will only target America’s wealt...
Category: Finance
Live Finance News Updates.
S&P 500 earnings estimates for 2023 take ‘complete U-turn’ as recession risks loom, according to BofA
The S&P 500 risks another leg down after a “complete U-turn” in 2023 earnings-per-share estimates for the U.S. stock-market index, according to a BofA Global Research note. “Forward estimates have...
Best Twitter threads of the day – November 7th
Sam Bankman-Fried responds to FUDs on FTX 1) A huge thank you to everyone who has supported us–we're excited to keep climbing together. And especially to those who stay level headed during ...
Lyft, Take-Two, Tripadvisor and more
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and ...
Want To Work Longer? Careful, Your Fifties Define Your Sixties
Overtime’s Editors: Lisa Berkman, of Harvard’s Center for Population and Development Studies, and … [+] Beth Truesdale, of the Upjohn Institute for Employment Research 20-first Part of the...
Is Carvana stock down 97% year-to-date a value trap?
Carvana Co (NYSE: CVNA) has pretty much been in a free fall this year, now down more than 95% versus the start of 2022 leaving investors with the most obvious question – is it an opportunity to buy at...
Lyft stock drops after earnings show key misses
Lyft (LYFT) reported disappointing third-quarter earnings results on Monday after the closing bell, with both earnings and revenue missing analyst estimates. The ride-sharing company also reported 20....
Litecoin price analysis: LTC/USD breaks below $68.54 amid a huge bearish wave
Litecoin price analysis confirms a bearish trend for the day as the price experienced a major drop in the past 24 hours. The bearish momentum is growing after a consistent defeat as a bullish wave was...
Subtropical Storm Nicole Prompts U.S. Hurricane Watches
Projected track of Subtropical Storm Nicole NOAA Well that escalated quickly. This weekend I warned that a subtropical system was likely to form and impact Florida by the end of the week. A Hurricane ...
US Seizes 50,000 Bitcoins – Trustnodes
The United States Department of Justice (DoJ) stated they seized more than 50,000 bitcoin belonging to a SilkRoad hacker. James Zhong pleaded guilty on Friday to committing wire fraud in September 201...
Officials Issue Stern Warnings At COP27 Summit
Topline As hundreds of world leaders descend on Sharm El Sheikh, Egypt, for the 2022 United Nations Climate Change Conference, officials are calling on rich nations to do more to stop climate change, ...
Binance’s CZ says he’s building, not fighting amid FTX tensions
Binance CEO Changpeng “CZ” Zhao said he’s surprised by reactions to the weekend announcement that his firm would start selling off holdings of FTX’s FTT token. “Little di...
Cathie Wood Watch: Ark Buys DraftKings Amid big Drop
Famed investor Cathie Wood bought shares of two major companies and sold shares of two others Nov. 4, continuing her double-sided trading pattern. The chief executive of Ark Investment Management acqu...
How Streaming Services Are Bundling Like Cable Networks Used To
Bundle Together: Streaming Platforms Control Costs To Compete Getty Images Streaming providers have been taking a page out of cable’s playbook by bundling options as more choices threaten to ove...
This Fund Thinks Southeast Asia Looks Ripe For Investment, And Here’s Why
S&P Global Market Intelligence predicts that the Asia-Pacific region will dominate the world’s growth in the coming year, generating positive real GDP while the U.S. and Europe likely fall i...
Tilray Brands Add Montauk Brewing Company To Its Growing Beverage Roster
Montauk Brewing Company’s lineup up beers are now part of global cannabis behemoth Tilray Brands. Montauk Brewing Company The announcement today that Tilray Brands, the largest cannabis company ...
Fed ‘Hasn’t Accomplished Anything’ on Labor Market, Dudley Says
(Bloomberg) — The Federal Reserve “hasn’t accomplished anything” in loosening the US labor market even after four consecutive 75-basis-point hikes, former New York Fed President Bill Dudley said...
Resolving Trucking Industry’s Slow Payment Settlements Through Tokenization
Ever evolving tech is revolutionizing even the traditional activities and bringing an unorthodox way to do the same. Trucking industry could be counted as one such entity. Even today, most of the task...
The 30 Best Food And Sustainability Gifts Of 2022
When I sat down to interview Chef José Andrés on Thursday at the recently opened New York City location of his restaurant, Zaytinya, I realized I was sitting with arguably one of the most charitable p...
FTX token shows signs of resilience after CZ tiff
The price of FTX’s native token FTT showed signs of resilience after a dramatic weekend for the exchange operator and its biggest rival, trading in the green earlier on Monday before declining s...
Palantir Is Almost Ready to Boogie, But Which Way? Try This Trade
On Monday morning Palantir Technologies (PLTR) released the firm’s third quarter financial results. The results were seen as pedestrian at best. Palantir was an old favorite of mine going back t...
Walgreens-Backed VillageMD And Cigna’s Evernorth To Buy Clinic Operator Summit Health For Nearly $9 Billion
Walgreens-backed doctor-staffed clinic operator VillageMD is buying Summit Health in a deal valued … [+] at $8.9 billion to expand doctor-staffed clinics across the country. The transaction will...
Returning Interest Payments May Drag On Consumer Spending In 2023
How much will a return to interest payments on student loans impact the U.S. consumer? (Photo by … [+] Erik S. Lesser/Getty Images) Getty Images Interest payments on federal student debt will re...
Guggenheim sees a 45% upside
Okta Inc (NASDAQ: OKTA) is trading at its year-to-date low on Monday – a valuation that’s “too compelling to ignore”, as per a Guggenheim analyst. Okta stock upgraded to ‘buy’ John DiFucci upgraded th...
Why Vechain (VET) And Filecoin (FIL) Holders Are Stocking More Orbeon Protocol (ORBN)
Vechain (VET) and Filecoin (FIL) tokens are two projects that have suffered massive setbacks due to the crypto bear market. Market movement plummeted the prices of these tokens to their all-time lows;...
Stablecoin Issuer Circle Moves USDC Reserves Into Fund Managed by BlackRock
US-based peer-to-peer payments company Circle has moved some of its USD Coin (USDC) stablecoin reserves into a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written b...
Binance vs FTX – a ‘Game of Thrones’
Binance and FTX are among the largest cryptocurrency exchanges in the crypto industry – that’s pretty much clear. And to borrow from the mythical Westeros in the HBO hit drama series ‘Game...
Carvana, Dealers Show Risks of Deflation. Ford, GM Investors Should Watch Out.
Text size A Carvana car-vending machine in Huntington Beach, Calif., in 2019. Mark Ralston/AFP/Getty Images Why buy now if prices are going to be lower tomorrow? That isn’t a question U.S. consumers h...
Liverpool FC’s American Owners Open To Sale Of Premier League Club
Topline Liverpool FC’s ownership group indicated Monday it is actively exploring a sale of the Premier League club, possibly setting the stage for yet another multibillion-dollar sale of a European so...