The Manhattan U.S. attorney’s office is investigating FTX, Reuters and WSJ reported Monday. Prosecutors may focus initially on examining reports that FTX lent customer funds to Alameda Research. Police and regulators in the Bahamas have interview SBF, Bloomberg reported. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Prosecutors in the Manhattan U.S. attorney’s office are reportedly investigating FTX, with a focus on customer funds at the collapsed crypto exchange
October inflation cooled more than expected, but it’s still close to 40-year highs. Here’s what 5 experts have said about the risk of stagflation hitting the US economy
Paul Volcker, former Fed Chair 1979 to 1987.Bettmann / Getty Images Inflation cooled in October, but prices have been elevated for over 20 months now, raising concerns of stagflation. That means the economy could be slammed with high unemployment, low growth, and persistent inflation – as well as a steep drop in stocks. Here’s what… Continue reading October inflation cooled more than expected, but it’s still close to 40-year highs. Here’s what 5 experts have said about the risk of stagflation hitting the US economy
Crypto faces a serious risk of broader contagion as FTX collapses and it’s unclear how deep it will go, Citi analyst says
FTX filed for bankruptcy on Friday, and Citi analyst Joseph Ayoub warned of broader risks to the crypto sector. “I think there’s a serious risk of broader contagion to the ecosystem itself,” he told CNBC on Friday. But he doesn’t think the crypto crash will extend to the rest of the financial market. Loading Something… Continue reading Crypto faces a serious risk of broader contagion as FTX collapses and it’s unclear how deep it will go, Citi analyst says
The road to year-end gains for stocks will be hammered by volatility as investors try ‘sniffing out’ a rollover in inflation and a Fed U-turn on rates
Stocks powered higher this week after the October inflaton report but the path to year-end gains remains volatile, market analysts say. Inflation may have peaked but CPI at 7.7% is still well above the Fed’s 2% target. ‘I think that we’re set up to rally into the end of the year … It won’t be… Continue reading The road to year-end gains for stocks will be hammered by volatility as investors try ‘sniffing out’ a rollover in inflation and a Fed U-turn on rates
The ‘next Warren Buffett’ curse: Sam Bankman-Fried is the latest market icon to fall after being compared to the legendary investor
The Warren Buffett curse is alive and well following the collapse of Sam Bankman-Fried and his crypto exchange FTX.Fortune magazine asked if Bankman-Fried was the next Warren Buffett in an August profile.Other market icons that were once compared to Buffett and then faded include Eddie Lampert, Bill Ackman, and Chamath Palihapitiya. Loading Something is loading.… Continue reading The ‘next Warren Buffett’ curse: Sam Bankman-Fried is the latest market icon to fall after being compared to the legendary investor
The fall of crypto exchange FTX is ‘worse than Theranos, worse than Madoff’ as federal probes mount, former SEC official says
The fall of cryptocurrency exchange FTX has drawn numerous comparisons to the collapse of Lehman Brothers. But a former Securities and Exchange Commission official likened FTX to the Theranos and Bernie Madoff debacles. “This is worse than Theranos, this is worse than Madoff,” John Reed Stark told Yahoo Finance. Loading Something is loading. Thanks for… Continue reading The fall of crypto exchange FTX is ‘worse than Theranos, worse than Madoff’ as federal probes mount, former SEC official says
These 33 stocks will benefit the most as inflation finally starts to fall, according to UBS
UBS is calling for historically weak global growth in 2023 as recession risk rises. Inflation will fall faster than expected as the economy weakens, according to the firm. Here are 33 stocks that will thrive the most in a lower inflation environment. Both the economy and inflation are set to fall off a cliff, according… Continue reading These 33 stocks will benefit the most as inflation finally starts to fall, according to UBS
Could FTX’s implosion spill cryptos into a Lehman-style collapse? Here’s what Jeremy Siegel, Larry Summers and 7 top experts say lies ahead.
Sam Bankman-Fried’s FTX has filed for bankruptcy, after sending shocks through the crypto world. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Its collapse has sparked fears other companies could fail, in a Lehman moment for crypto. Here’s what experts like Larry… Continue reading Could FTX’s implosion spill cryptos into a Lehman-style collapse? Here’s what Jeremy Siegel, Larry Summers and 7 top experts say lies ahead.
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