Markets

Matthew Fox NurPhoto/Getty Images The fall of FTX has led to billions of dollars in losses for both its investors and customers.As FTX goes through the bankruptcy process, details are starting to emerge about who its investors were.From Tom Brady to Kevin O’Leary, here are 11 famous backers facing a wipeout in the dramatic collapse.… Continue reading From Tom Brady to Kevin O’Leary, here are 11 famous backers of FTX set to be wiped out in the exchange’s stunning collapse

Gemini told clients that the crypto exchange will terminate its interest-bearing product.  The news signals an end of a partnership between Gemini and embattled brokerage Genesis.  Gemini cofounder Cameron Winklevoss accused Genesis, its parent company DCG, and founder Barry Silbert of fraud on Tuesday. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The Winklevoss’ Gemini terminates its yield product as dispute between the crypto exchange and DCG escalates

Brian Evans Congress is considering banning its members — and their family members — from trading stocks. Kolderal via Getty Images US stocks closed higher on Tuesday after showing weakness in early trading.  A note from JPMorgan gave investors hope that December inflation could come in around consensus expectations.  That led to investor optimism that… Continue reading US stocks turn higher on optimism that inflation will cool further and allow the Fed to ease tightening

Warren Buffett’s investments in five Japanese companies are emerging as winners in Berkshire Hathaway’s portfolio.  A Bloomberg analysis points out that share prices in Mitsubishi and Mitsui have respectively climbed 100% and 130% since Buffett’s initial investments in 2020. The collective group of companies, after years of stagnant profit, is on its way to record… Continue reading Warren Buffett’s energy bets in Japanese companies are turning out to be huge winners, with some up 100% since his initial investment

A “hidden gem” in stocks could outperform the broader market by about 30%, according to GMO.  In a Tuesday note, the firm’s asset allocation team said so-called deep value stocks are “woefully underrepresented.” “We believe that it’s time to lean back into this attractive group of US Value stocks,” the note said.  Loading Something is… Continue reading A ‘hidden gem’ in stocks is poised to outperform the rest of the market by 30%, says Jeremy Grantham’s GMO

Russian Urals, the nation’s largest crude oil export, is trading at roughly $38 a barrel, well below the $60 price cap.  But to oil historian Gregory Brew, the price reflects a softening global market, more than the impact of sanctions.  “Softer market conditions have made the [price] cap somewhat moot,” he told Insider. Loading Something… Continue reading An oil expert breaks down China’s role in crude markets as a key Russian fuel sinks far below the $60-a-barrel price cap

Jennifer Sor Lucas Jackson/Reuters US stocks traded mixed as investors digested the latest Fed comments on the outlook for interest rates. Two regional Fed presidents see rates rising over 5% in order for the central bank to rein in inflation. Investors also have their eye on Thursday’s December CPI report, a key inflation measure that… Continue reading US stocks trade mixed as investors digest latest Fed comments on rate outlook

Metropolitan Commercial Bank says the firm will terminate its crypto-related offerings for clients. The bank was one of the first to jump into the nascent digital asset market. The firm cited changes in the regulatory environment as part of its decision.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading One of the first banks to dive into crypto is exiting the business, citing ‘recent developments’ in the market