49 mins ago | 2 mins read Exchange News Reports surfaced last year linking the exchange to the Russian dark web marketplace. The multibillion-dollar collapse of FTX rocked the faith of investors. Pros...
Tag: U.S.
Treasury yields plunge on raft of U.S. data, handing 30-year rate biggest weekly decline since March 2020
Treasury yields plummeted on Friday after U.S. economic data pointed to signs of slowing wage growth and broadening weakness in the economy, sending the policy-sensitive 2-year rate into its biggest o...
FTX asset sales challenged by U.S. Trustee: Report
Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters. ...
Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations. According to anonymous sources cited by the Washingto...
2022 was the worst-ever year for U.S. bonds. How to position for 2023
Traders at the New York Stock Exchange on Dec. 21, 2022. Michael M. Santiago | Getty Images News | Getty Images The bond market suffered a significant meltdown in 2022. Bonds are generally thought to ...
Solar Power From Space, Tesla Misses Expectations And New EVs For 2023
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. CalTech In the 1941 short story “Reason,”...
U.S. Unemployment Rate Falls 3.5%; Crypto Market Turns Bullish
According to the most recent Nonfarm Payrolls report from the Bureau of Labor Statistics, the United States added 223,000 jobs in the month of December. This was a decrease from the previously reporte...
U.S. officials invite SBF victims to send an email
U.S. authorities are seeking out victims of FTX founder and former CEO Sam Bankman-Fried, according to a web page published on Jan. 6. That page, created by the U.S. Attorney’s Office for the Southern...
U.S. Unemployment Rate Plummets to 3.5% in December
7 hours ago | 2 mins read Bitcoin News The 3.5% rate reported in the official report was lower than expected (3.7%). The data revealed that median hourly wages increased by 0.30 percent last month. Th...
U.S. Judge Issues Detention Order for Mango Markets Attacker
A U.S. District Court for the District of Puerto Rico has issued a detention order for Mango Markets attacker Avraham Eisenberg. In a court filing, Magistrate Judge Bruce McGiverin deemed it necessar...
With Taylor Twellman’s Departure, ESPN’s Drift From U.S. Soccer Is Complete
Taylor Twellman reacts before a Concacaf Gold Cup game between Grenada and USMNT at Q2 Stadium on … [+] June 10, 2022 in Austin, Texas. Twellman announced on Friday he will be leaving ESPN. Gett...
2022 Saw The Second Highest Oil Production In U.S. History
FILE – Oil rigs stand in the Loco Hills field along U.S. Highway 82 in Eddy County, near Artesia, … [+] N.M., one of the most active regions of the Permian Basin. Government budgets are bo...
Major Cryptos Mostly Flat Despite Positive U.S. Jobs Report
Bitcoin broke even after a bearish run in the last 24 hours, but remained mostly flat, as the Dec. 2022 U.S. Nonfarm Payrolls Report revealed slow wage growth unlikely to reduce interest rate hikes in...
U.S Prosecutors Probe Former FTX Engineer Nishad Singh; a Huge Blow To SBF?
United States federal prosecutors in Manhattan are closing in on SBF’s inner circle with the latest being Nishad Singh, a high-profile FTX director of engineering. If found guilty, Singh could be char...
2022 U.S. auto sales are worst in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a dec...
U.S. Businesses Face Higher Federal Tax Bills In 2023 Coupled With State Tax Relief
Federal tax hikes on U.S. businesses take effect at the beginning of 2023, the same time when many … [+] state-level business tax cuts kick in. getty The new year brings higher federal tax burde...
U.S. Government Seize Robinhood Shares linked with Sam Bankman-Fried
The U.S. prosecutors has seized — or is in the process of seizing shares of Robinhood Markets Inc (NASDAQ:HOOD) hundreds of millions of dollars worth of Robinhood Markets shares as part of the fraud c...
Walgreens Has 200 VillageMD Clinics Attached To Stores As Doctor Network Takes Off
Walgreens-backed doctor clinic operator VillageMD now has a network over more than 680 locations … [+] across the U.S. including 200 adjacent to the pharmacy chain’s U.S. drugstores. Walgreens a...
Quantum Private Equity Scores Again, With Rumored $4.6B Sale Of U.S. Shale Gas Reserves To Japan
Drilling for gas in the Marcellus shale. AFP via Getty Images New year, new deals for $19 billion private equity shop Quantum Energy Partners and CEO Wil VanLoh. Last month Quantum portfolio company T...
Wooing Midlifers Back To Work? Time To Adapt To The 3rd Quarter
How Much Do You Want Me? getty Companies are scrambling to hire, older workers continue to retire. In the US, Fed Chairman Jerome Powell laments the 3.5 million people missing from the workforce compa...
FTX Linked Robinhood Shares Worth $460 Million To Be Seized By U.S. Justice Department
The United States Department of Justice is now stepping in to take control of matters in the ongoing brouhaha involving the now-defunct crypto exchange FTX and other parties. The DOJ is now working on...
The Berhalter-Reyna Saga Stems From An Insular U.S. Soccer Culture
United States men’s national team coach Gregg Berhalter, left, and midfielder Giovanni Reyna #11 … [+] arrive at the stadium before a FIFA World Cup qualifier against Costa Rica at the Est...
New Questions Arise For U.S. Businesses In China After “Jarring” End To Zero-Covid Policy
A woman pushes luggage near a check-in counter at Beijing Capital International Airport in Beijing, … [+] China, on Friday, Dec. 30, 2022. China could see as many as 25,000 deaths a day from Cov...
Forget recession — the U.S. is heading for a ‘slowcession’ that could last all year, Moody’s warns
Even if the U.S. avoids a recession in 2023, American consumers and investors could face a grinding slowdown that likely won’t let up until 2024, according to a new outlook published by Moody’s Analyt...
SEC Declined Binance U.S Bid to Acquire Voyager Digital
25 mins ago | 2 mins read Exchange News SEC issued a limited objection to Binance U.S. Voyager stated the Binance bid was the highest and best bid for its assets. The world’s largest cryptocurrency ex...
Amazon Cutting Over 18,000 Jobs As Major Layoffs Continue Into 2023
Amazon is planning to lay off more than 18,000 employees, adding to a massive round of job cuts first announced last year, the tech giant said Wednesday, after more than 100,000 employees of large U.S...