Coinbase’s Brian Armstrong flagged rumors that the SEC may want to ban crypto staking for retail investors. Staking is a popular way for customers to earn yield in exchange for locking up their crypto assets. The SEC has repeatedly stated that most digital tokens could be regulated as securities. Loading Something is loading. Thanks for… Continue reading Coinbase CEO points to rumors that the SEC could ban this popular crypto income-generating technique for US retail investors
A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says
Trafigura faces a $577 million loss on nickel shipments in what the company calls a systemic fraud, according to Bloomberg. The commodities trading giant discovered some of the metal cargoes it bought were missing nickel. Trafigura has launched a legal action against Indian businessman Prateek Gupta and connected companies. Loading Something is loading. Thanks for… Continue reading A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says
Oil and copper prices are weakening despite China’s reopening. It’s a sign a global recession is coming but liquidity issues may also be at play, economists warn
Oil and copper prices have remained weak of late despite China’s reopening from COVID-19 restrictions. It’s a signal that a global recession is on the horizon, according to one economist. But liquidity issues triggered by rising interest rates may also be weighing on commodities, another economist told Insider. Loading Something is loading. Thanks for signing… Continue reading Oil and copper prices are weakening despite China’s reopening. It’s a sign a global recession is coming but liquidity issues may also be at play, economists warn
Top Indian refiners are using the UAE’s currency instead of the US dollar to buy Russian crude, report says
Top Indian refiners are moving away from the US dollar in favor of the UAE’s dirham, sources told Bloomberg. Reliance Industries, Bharat Petroleum Corp, and Nayara Energy are shifting currencies to buy Russian crude oil. “If you are asking me officially am I in the know of these payment channels, no, I’m not,” India’s oil… Continue reading Top Indian refiners are using the UAE’s currency instead of the US dollar to buy Russian crude, report says
Wharton professor Jeremy Siegel breaks down why he blames the Fed for inflation — and warns the central bank now risks tanking the economy
Jeremy Siegel slammed the Fed for fanning inflation, and warned it may spark an avoidable recession. The Wharton professor told Insider that he expects the Fed to cut interest rates later this year. Siegel explained why some wage inflation is desirable, and sounded the alarm on the US money supply. Loading Something is loading. Thanks… Continue reading Wharton professor Jeremy Siegel breaks down why he blames the Fed for inflation — and warns the central bank now risks tanking the economy
AI updates from Microsoft are the ‘tip of the iceberg’ of the tech giant’s capabilities and the stock can drive up another 16%, says Jefferies
Microsoft stock could jump as its adds AI features to its Bing and Edge search products, Jefferies said. The firm raised its price target for the tech giant to $310 from $275 a share and reiterated its buy rating. Microsoft’s “new Bing” was created with OpenAI, the research lab behind the popular ChatGPT tool. Loading… Continue reading AI updates from Microsoft are the ‘tip of the iceberg’ of the tech giant’s capabilities and the stock can drive up another 16%, says Jefferies
Sam Bankman-Fried is appealing the judge’s decision to reveal the identities of 2 people who helped secure his $250 million bail package
Sam Bankman-Fried appealed a judge’s decision to release the names of his bail guarantors. Besides his parents, two as-yet-unidentified people cosigned the $250 million bail bond to get the FTX founder released from jail. Bankman-Fried’s attorneys argued the potential of physical threats were reasons to keep their identities sealed. Loading Something is loading. Thanks for… Continue reading Sam Bankman-Fried is appealing the judge’s decision to reveal the identities of 2 people who helped secure his $250 million bail package
ChatGPT frenzy continues to lift artificial intelligence stock SoundHoundAI as it soars 300% in the last month
Shares of SoundHoundAI extended gains on Tuesday, bringing its rally over the past month to 300%. That’s after closing with a 43% gain on Monday as Google released its Bard chatbot to take on rival ChatGPT. Meanwhile, other artificial intelligence stocks have cooled off recently. Loading Something is loading. Thanks for signing up! Access your… Continue reading ChatGPT frenzy continues to lift artificial intelligence stock SoundHoundAI as it soars 300% in the last month
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