The corporate executive concerns a contagion may unfold from crypto mining corporations with loans collateralized with their mining rigs that have since born in value. FTX CEO SAM Bankman-Fried is re...
Tag: Fears
German Regulator Fears Breakdown of Russian Gas Deliveries
(Bloomberg) — Warning of a potential total breakdown of Russian gas supplies, Germany’s top power grid regulator called for greater efforts to save energy. Most Read from Bloomberg There’s now a...
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
FTX CEO Sam Bankman-Fried is reportedly turning his attention to the crypto-mining industries with the possibility of acquiring distressed mining firms, Bloomberg News reported. This is coming after F...
Consumers fears could ‘cascade’ and tip the economy into recession: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, June 29, 2022 Today’s newsletter ...
Semiconductors sell-off on recession fears
The U.S. Conference Board reported on June 28 that the consumer confidence index fell to 98.7 in June, down from 103.2 in May, as the June figure missed an earlier market estimate of 100. As a result...
U.S. Economy Shrank Worse-Than-Expected 1.6% Last Quarter As Recession Fears Grow
Topline The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an updated release Wednesday, blaming an unexpected decline in...
Dow Jones Dives As Inflation Fears Rise; This Stock Pops As Warren Buffett Raises Stake; Nike Plunges
The Dow Jones Industrial Average was down sharply in afternoon trading Tuesday amid more worries about the health of the U.S. economy. A Warren Buffett stock popped on news that Berkshire Hathaway (BR...
Dow Plunges Nearly 500 Points, Recession Fears Resume As Consumer Confidence Hits New Low
Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fe...
Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside
Stocks rallied on Friday after fresh economic data tempered investors’ expectations of steep Federal Reserve interest-rate hikes, as major market indexes notched their first weekly gains after three c...
Dow Jones Rallies; Tesla Falls After Elon Musk Reveals Fears; Warren Buffett Stock Gains
The Dow Jones Industrial Average rallied as yields fell. Tesla (TSLA) skidded after CEO Elon Musk voiced a warning. A Warren Buffett stock fell despite the news his firm Berkshire Hathway (BRKB) had b...
European Stocks Stumble as Recession Fears Dawdle
European stocks continue to crumble as the markets keep struggling to float above the waters and absorb possible recession fears. A preliminary survey by S&P Global showed that French business act...
JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise
JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market. While REITs are often l...
Fears Over Decentralized Digital Currencies Coming true, Says BIS
Long-held fears about decentralized digital currencies are now coming to fruition with the recent downturn of the cryptocurrency markets, according to the global umbrella body for central banks. Bitco...
Crypto Lender Celsius Receives New Bailout Offer Amid Insolvency Fears
Embattled crypto lender Celsius received a second buyout offer this week amid growing concerns over its insolvency. This offer comes from lender Chainge, which earlier in the week issued a letter of i...
Rail walk-out kicks off in UK amid fears of a summer of pay strikes
Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty I...
US banks’ ability to ride out downturn in spotlight as recession fears grow
The ability of the largest US banks to withstand a severe economic downturn will be in focus this week as the Federal Reserve publishes the results of the industry’s annual stress tests, amid growing ...
Crypto-miners in Iran face blackout fears after latest diktat
Iranian authorities have announced that crypto-miners operating in the country will be cut off from electricity by 22 June. According to a report in the Tehran Times, the government has decided to ens...
Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Bitcoin and Ethereum Price Manage to Hold Support Amid Inflation Fears » NullTX
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $90...
EU fears of being held to ransom by Russia over gas become a reality
Russia cutting gas supplies to Europe has long been one of the EU’s greatest fears. This week it became a reality. Moscow has blamed the decision to restrict volumes on the Nord Stream 1 pipeline to G...
BitMEX and Others Exiting Three Arrows Capital Amid 3AC Insolvency Fears
Three Arrows Capital was a darling among crypto investment firms for years. Now, amid the crypto bear market and after the Terra collapse last month, 3AC appears to be at real risk of insolvency and c...
Avalanche Distances Itself From Three Arrows Amid Insolvency Fears
Ethereum competitor Avalanche said on Friday that it has little exposure to beleaguered hedge fund Three Arrows Capital, as the latter faces a potential insolvency. The blockchain said in a tweet tha...
How Tron [TRX] is managing to keep its boat afloat amid looming depegging fears
We’re entering the fifth day of the Ton’s DAO crisis. While Justin Sun and his team have been trying to peg back USDD to $1, TRX itself has dropped by double digits during the course of the week despi...
Gas Price Relief In Sight As Crude Oil Tumbles on Recession Fears
Updated at 1:32 pm EST U.S. drivers may get some near-term relief on gas prices heading into the Juneteenth holiday weekend as crude prices plunged to a three-week low in mid-day Friday trading amid o...
‘Worst Fears Confirmed’ As Fed ‘Plays Dangerous Game’ With Inflation And Rate Hikes
Topline With the Federal Reserve embarking on its most aggressive tightening campaign in nearly three decades, Bank of America economists warned clients on Friday that the central bank’s inflati...
Finblox Limits Daily Withdrawals as Fears Grow Over Future of 3AC
Crypto savings app Finblox is imposing a withdrawal limit and preventing new users from registering due to uncertainty over the future of crypto hedge fund Three Arrows Capital. The latter is a major ...
‘Somebody forgot to tell the boat industry’ about inflation, the bear market, and recession fears
There could be a lot more skippers out on the open water this summer despite conditions on dry land being one of red-hot inflation, plunging stock prices, and rampant recession fears. “While big...
Dow Plunges 700 Points As Fed Rally Evaporates Amid Fears That A Recession Is ‘Inevitable’
Topline Markets tanked on Thursday as recession fears surged once again, with stocks reversing gains from the previous session when the Federal Reserve announced it would hike rates by 75-basis-points...
U.S. town residents push back against world’s largest Bitcoin mining facility due to fears of increased bills
As cryptocurrencies become increasingly popular, more individuals and organizations are deciding to jump on the bandwagon and mine them – which sometimes sparks pushback from parties concerned over th...