Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sent...
Tag: Decades
Senate Overturns D.C. Crime Bill—Marking The First Time In Decades It’s Overruled D.C. Local Law
Topline The Senate voted overwhelmingly Wednesday to reverse a local Washington, D.C. law focused on criminal justice reforms—an unusual show of force by the federal government over the city’s l...
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas o...
‘Not a time to buy’: S&P 500 exiting ‘best era’ in decades for earnings growth amid ‘dried up’ liquidity
The U.S. stock market, as measured by the S&P 500 index, appears to be exiting the “best era” for growth in earnings per share in decades as sources of liquidity have dried up, according to resear...
Lumen stock has worst week in more than two decades, hits lowest prices since Reagan was in office
Lumen Technologies Inc. shares plunged to their worst weekly performance in more than two decades and their lowest prices since Ronald Reagan was in office Friday, as the business that used to carry t...
Tech stocks are having their best January in decades — here’s why that may not be a good sign
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% so far this month, on track for its best January pe...
Bitcoin is the decade’s top asset but $100k is still a long way off
A recent report by Goldman Sachs, naming bitcoin as the best-performing asset of the year so far has bitcoiners once again dreaming the $100K dream. This isn’t the first time that bitcoin has outperfo...
68 People Confirmed Dead In Nepal’s Deadliest Airplane Crash In Three Decades
Topline At least 68 people were killed after a passenger plane crashed in the resort town of Pokhara, Nepal on Sunday, in the country’s worst air disaster in several decades which once again puts a sp...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring Homebuyers hoping for a better climate in 2023 have longer to w...
IBM Loses Top Patent Spot After Decades as Leader
(Bloomberg) — International Business Machines Corp. dropped from the top spot for US patents in 2022, the first time in decades Big Blue hasn’t claimed the most in a year, signaling a strategy s...
Taiwan’s GlobalWafers Breaks Ground On First U.S. Silicon Wafer Plant In More Than Two Decades
GlobalWafers’ logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images I wrote las...
Most deeply inverted Treasury curve in more than 4 decades has one upbeat takeaway for investors
One of the bond market’s most reliable indicators of impending U.S. recessions is pointed in a pretty pessimistic direction right now, but contains at least one optimistic message: The Federal Reserve...
Apple’s VR Headset Might Be Its Biggest Flop in Decades — Here’s Who the Real Winners Will Be
The virtual reality (VR) market has been heating up, with dozens of major players and startups rolling out their versions of the original Oculus. The clear winner is currently Meta Platforms Inc. (NAS...
Creditors of the FTX Exchange May Wait for Decades Before Getting Their Money Back
Nov 21, 2022 at 14:00 // News The bankrupt FTX exchange owes billions of dollars to its users, who have now become creditors. However, the lawyers give rather gloomy forecasts and explain that they wi...
Lawyers Warn It Could Take Decades To get Funds out of FTX
FTX’s sudden and drastic collapse has resulted in shivers of horror spreading throughout the crypto ecosystem. The Crypto exchange filed for Chapter 11 bankruptcy protection in the US on November 11. ...
Getting money out of FTX could take years, if not decades
Join Our Telegram channel to stay up to date on breaking news coverage While investors are eager to learn when they will be able to recover their funds from the now-defunct crypto exchange FTX, insolv...
Getting funds out of FTX could take years or even decades: Lawyers
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along ...
Gold Investors Go On Strike — Lowest Purchases In Almost 2 Decades
SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. Gold … [+] prices hit 544.60 dollars per ounce on January 09, 2006, the highest level since January...
For The First Time In Two Decades, The Top Spot Goes To A Franchise That’s Not The Knicks Or Lakers
Led by the eye-popping $7 billion Golden State Warriors, the average NBA team is now worth $2.86 billion, 15% more than a year ago, an impressive feat considering the stock market is down more than 15...
Is The Stock Market In For Three Lost Decades?
January 1970: The Pacific Coast Stock Exchange, Pine Street, the centre of the financial area for … [+] San Francisco. (Photo by Fox Photos/Getty Images) Getty Images There’s a theory in behavio...
Aircraft On Path To Lowest Ranking In Decades
Exports from Paine Field adjacent to Boeing’s manufacturing complex outside of Seattle and included … [+] with data from the Port of Everett, once dominated all other airports. Through Aug...
The past two decades of low inflation and near-zero interest rates were an ‘aberration,’ BofA says. Get ready for an economic ‘regime change’
Inflation and higher interest rates may be here to stay as a new paradigm has emerged for the global economy. At least that’s what Bank of America’s team of investment strategists argued this week. An...
AT&T, Verizon and Comcast stocks just had their worst quarter in two decades
Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures both new and old on the cable and wireless industries. Shares of wireless comp...
Porsche AG shares rise 2% first day of trading in Germany’s biggest IPO in decades
Porsche AG shares debuted today, September 29, on the Frankfurt stock exchange at the opening price of €84 (~$81.27), marking the largest initial public offering (IPO) in the last 25 years. While the...
Decades Of Human Progress Set Back By Covid, Climate Change And Ukraine War, UN Warns
Topline Global crises like the Covid-19 pandemic, worsening climate change and the war in Ukraine have started to reverse decades of human progress in education, life expectancy and standards of livin...
No Escape From Biggest Bond Loss in Decades as Fed Keeps Hiking
(Bloomberg) — Investors who might be looking for the world’s biggest bond market to rally back soon from its worst losses in decades appear doomed to disappointment. Most Read from Bloomberg The...
Pound Plunges to Decades Low as Strikes Ravage Britain – Trustnodes
The pound has fallen to its lowest level since 1985 against the dollar, down to $1.15 per GBP, lower than the $1.19 it reached following the Brexit vote in 2016. A general strengthening of the dollar ...
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk – Bitcoin News
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is curre...
Cheap? Maybe. But These Stocks Have Been Dead Money for Decades.
Cheesecake Factory appears to be “running the same play,” wrote J.P. Morgan analyst John Ivankoe in a recent restaurant industry outlook. I don’t think he meant it as a compliment—the stock, he noted,...