Brian Evans Wall Street has been hit by a brutal market sell-off this year. Spencer Platt/Getty Images US stocks closed mixed on Tuesday as investors digested the latest earnings data. Goldman Sachs missed fourth-quarter estimates, while Morgan Stanley exceeded expectations. The New York Fed’s Empire State Manufacturing Index declined nearly 22 points to -32.9, the… Continue reading US stocks close mixed as Dow dives nearly 400 points on weak Goldman Sachs earnings
Coinbase soars 10% as crypto markets rally and bitcoin notches highest price since September
Coinbase jumped more than 10% to $53 a share on Tuesday. The extended rally in crypto markets are helping boost shares of the US crypto exchange. Coinbase cut 20% of its workforce last week, citing “increasingly challenging economic conditions.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Coinbase soars 10% as crypto markets rally and bitcoin notches highest price since September
A New York oil dynasty falls victim to Sam Bankman-Fried’s FTX – after suffering big losses from Bernie Madoff and Enron
New York’s Belfer family lost money investing in FTX, according to the Financial Times. Two companies linked to the family had a combined stake in FTX Group that was valued at $34.5 million last year. The oil dynasty also fell victim to Bernie Madoff’s Ponzi scheme and lost billions in the collapse of Enron. Loading… Continue reading A New York oil dynasty falls victim to Sam Bankman-Fried’s FTX – after suffering big losses from Bernie Madoff and Enron
The co-creator of ‘Inspector Gadget’ reportedly had a close relationship with Sam Bankman-Fried’s FTX, which included a secret $50 million loan
Jean Chalopin is co-creator of Inspector Gadget and the chairman of Bahamas-based Deltec Bank. Chalopin secured a secret $50 million loan for Deltec from an FTX-related entity in 2021, according to Forbes. It is one of many lucrative deals between Sam Bankman-Fried’s FTX and Chalopin’s firms. Loading Something is loading. Thanks for signing up! Access… Continue reading The co-creator of ‘Inspector Gadget’ reportedly had a close relationship with Sam Bankman-Fried’s FTX, which included a secret $50 million loan
Battered 60/40 portfolios face another challenging year
Investors will have to hold far more diverse portfolios to deliver similar returns to their long-term averages Author of the article: Financial Times Adrienne Klasa Published Jan 16, 2023 • 4 minute read Join the conversation A trader works as a screen displays the trading information for BlackRock Inc. on the floor of the New… Continue reading Battered 60/40 portfolios face another challenging year
Peter Hall: This is how Canada can fix chronic labour shortages
The list of solutions is surprisingly long Canada’s unemployment rate is at a half-century low, while labour force participation is at a record high. Photo by Winnipeg Sun “Tight” is an inadequate adjective for today’s labour market. Canada’s current paucity of spare labour — at all skill levels — is one of the top complaints… Continue reading Peter Hall: This is how Canada can fix chronic labour shortages
Kevin Carmichael: Bank of Canada needs deeper post-mortem of what went wrong on inflation
Tiff Macklem’s legacy will be defined by whether he leaves the central bank better equipped to confront future crises Published Jan 16, 2023 • Last updated 20 hours ago • 4 minute read 24 Comments Bank of Canada Governor Tiff Macklem. Photo by Jennifer Gauthier/Reuters files Some would fire Tiff Macklem as Bank of Canada governor… Continue reading Kevin Carmichael: Bank of Canada needs deeper post-mortem of what went wrong on inflation
It’s time for investors to change their thinking if they want to get to the finish line
Few are asking what happens if interest rates stay where they are Today’s market is dominated by investors who have only ever known quantitative easing and loose monetary policy, writes Marin Pelletier. Photo by Getty Images The market action over the past few months has really got me thinking about a Zen story I recently… Continue reading It’s time for investors to change their thinking if they want to get to the finish line
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