Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week. “It was just one data p...
Tag: Credit
Bankrupt Voyager Digital Looks for New Buyer After FTX Goes Under
Bankrupt cryptocurrency broker and lender Voyager Digital Ltd. said it has resumed its search for a buyer in light of the collapse of crypto exchange FTX, the firm founded by wunderkind Sam Bankman-Fr...
FTX bankruptcy: Can account holders expect to get their money back?
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch straight into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, its affil...
Opinion: Pain and losses in crypto will clear out the losers and strengthen the case for bitcoin
Cryptocurrency is a mess right now. And rightly so. I wrote about buying bitcoin for MarketWatch in 2013 when it was trading for $100, but I’ve spent the past year or so warning that most newer crypto...
Binance US, Coinbase, Curve in Bidding War for BlockFi Credit Card Customers
By Jon Rice / November 12, 2022, 6:38 pm EST Binance US and Coinbase are among the bidders for the BlockFi credit card program and its associated customers, Blockworks has learned, while smaller finte...
FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking ...
Brokered CDs pay more than traditional CDs — should you buy them now?
When market volatility and inflation persist, retirees or those who are near retirement might be wondering where to put their money now. There are a variety of alternatives with a range of risks, so t...
‘Bitcoin will be the winner because bitcoin is a digital commodity and it’s the least controversial of everything’: MicroStrategy’s Michael Saylor
“‘Bitcoin will be the winner because bitcoin is a digital commodity and it’s the least controversial of everything.’” — Michael Saylor, MicroStrategy In an interview Thursday morning on CNBC, MicroStr...
German Family Office Lennertz Raises Third European Private-Equity Fund-of-Funds
Family office Lennertz & Co. is raising a new fund to take advantage of investment opportunities created by recent market volatility and depressed valuations. Lennertz, which was founded by former...
FTX’s stunning collapse nothing like Theranos, says venture investor and crypto bull Tim Draper
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos...
FTX bankruptcy: Tom Brady, Steph Curry set to lose big from company’s collapse
Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the only high-profile investor ...
‘I have never before seen a CEO take responsibility as he does’: investor Bill Ackman comments on Sam Bankman-Fried in now-deleted Tweet
Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday. “You have to give @SBF_FT...
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an in...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions
A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences for these tax quest...
Berkshire Hathaway Cuts Stake in U.S. Bancorp By More Than Half
A new filing indicates that Berkshire Hathaway cut its stake in U.S. Bancorp by 56% to 52.5 million shares that are now worth $2.4 billion. In a form 13-G filing dated Thursday, Berkshire Hathaway (BR...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Crypto Is Losing a Big Trader. A Top Exchange May Also Be Worthless.
The world of cryptocurrency remains in turmoil. The dust hasn’t settled, but it looks like the market will lose one one of its most influential trading firms, and possibly one of the largest exchanges...
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, CEO of Binance Binance CEO Changpeng Zhao o...
‘It’s a touchy subject’: My in-laws live in our basement. They gave us our 20% down payment. Should we charge them for renovations?
Last year, my husband and I approached my in-laws to see if they wanted to live with us. We had learned that my father-in-law had terminal cancer but could still live five to seven years in remission,...
Binance Takeover of FTX Is a Huge Red Flag for Crypto
One of the most dangerous moments in any hurricane is when the eye passes. Gale winds give way to calm, tempting those hunkering down to come out and assess the damage only to find that more of the st...
The simple question Dave Ramsey says you must ask yourself to determine if you have enough savings right now
How much should you be saving in your emergency fund? Getty Images/iStockphoto You need an emergency fund, especially in trying times like these, but just how much should go in that fund? For his part...
‘My adviser has gone dark.’ My account has $500K in it, and I can’t get a hold of my adviser right now. What’s my move?
How to find the right finanical adviser Getty Images/iStockphoto Question: My business has a SIMPLE IRA (Savings Incentive Match Plan for Employees) for employees who want to participate after one yea...
This bank is now offering a $1,500 bonus for opening a new account — and it’s not the only lucrative bonus banks are offering right now
To attract new customers, many banks are now offering lucrative cash bonuses — anywhere from $100 to $2,000 — for simply moving money into their various savings and checking accounts. A recent Reddit ...
Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank...
These money and investing tips can help you see this bear market more clearly
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Bitcoin owners are bellyaching...