cryptocurrency Decentralized finance, or DeFi, is rife with wild growth opportunities and scam potential alike. This primer should help investors get their bearings.It’s no secret that understanding the traditional finance world is challenging. Unfortunately, making sense of decentralized finance (DeFi) is even harder. Decentralized finance is a growing collection of financial tools built on top… Continue reading The DeFi Dictionary: Your Guide to Decentralized Finance | Kiplinger
JPMorgan Chase Kicks Off Q2 Earnings Season | Kiplinger
stocks Our preview of the upcoming week’s earnings reports includes JPMorgan Chase (JPM), Delta Air Lines (DAL) and UnitedHealth Group (UNH).Second-quarter earnings season kicks off this week with several large financial firms – including JPMorgan Chase (JPM, $114.67) – set to report. Other notable names on the earnings calendar include air carrier Delta Air Lines… Continue reading JPMorgan Chase Kicks Off Q2 Earnings Season | Kiplinger
Nasdaq drops 2% as US stocks fall ahead of earnings and inflation data
US stocks closed lower to start the week, with the Nasdaq Composite slipping by over 2% as investors get ready for earnings to roll in and await key inflation data set to be released midweek. Tech shares led stocks lower for the day, with losses accelerating among the major indexes as the session wound down.… Continue reading Nasdaq drops 2% as US stocks fall ahead of earnings and inflation data
The founders of bankrupt crypto hedge fund Three Arrows Capital are reportedly not cooperating with liquidators and their whereabouts are unknown
The founders of Three Arrows Capital, Kyle Davies and Zhu Su, are not cooperating with liquidators after their crypto hedge fund filed for bankruptcy, according to Bloomberg. In court documents, Teneo, the advisory firm expected to liquidate the remaining assets of Three Arrows, said that Davies and Zhu had not been giving “meaningful cooperation” throughout… Continue reading The founders of bankrupt crypto hedge fund Three Arrows Capital are reportedly not cooperating with liquidators and their whereabouts are unknown
Soaring energy prices help Russia push its current account surplus to a record $70.1 billion in the second quarter despite sanctions
In the second quarter of 2022, Russia’s current account surplus hit $70.1 billion, its highest mark since at least 1994, according to Russian central bank data released Monday. Exports dipped to $153.1 billion from $166.4 billion in the first quarter, but imports saw a steeper decline, falling to $72.3 billion from $88.7 billion. For the… Continue reading Soaring energy prices help Russia push its current account surplus to a record $70.1 billion in the second quarter despite sanctions
The Fed will likely choke off an economic rebound then change course as markets enter a new era of volatility, BlackRock says
BlackRock warned Monday of increased market volatility as the Federal Reserve and other central banks try to rein in inflation and avoid a steep downturn. Analysts at the world’s largest asset holder said that policymakers are tackling inflation the wrong way, by using rate hikes to address problems caused by production constraints. “The Federal Reserve,… Continue reading The Fed will likely choke off an economic rebound then change course as markets enter a new era of volatility, BlackRock says
Oil is being tamed by recession fears but Russia’s ‘weaponization’ of commodities could push prices higher again, RBC’s commodities chief says
Oil prices are being contained by fears of a recession , but that could change in the second half of this year, as Western nations risk retaliation from Russia in advance of European sanctions kicking in, RBC global commodities head Helima Croft said. “My bet is that we’re going to see further Russian action in… Continue reading Oil is being tamed by recession fears but Russia’s ‘weaponization’ of commodities could push prices higher again, RBC’s commodities chief says
macOS Ventura preview: Productivity is Front and Center
Jacob Krol/TheStreet Like clockwork, your Mac will jump into the next generation of software this fall with macOS Ventura. It was announced in June at Apple’s annual WWDC event alongside iOS 16, iPadOS 16, and watchOS 9. I’ve been using the developer beta of Ventura since it was announced, and starting today, a public beta… Continue reading macOS Ventura preview: Productivity is Front and Center