Bankruptcy filings show the fair value of crypto held by FTX is $659,000.That compares to Sam Bankman-Fried claim FTX held about $5.5 billion in “less liquid” crypto tokens.”Never in my career have I seen such a complete failure of corporate controls,” new FTX CEO John Ray III said. Loading Something is loading. Thanks for signing… Continue reading A new bankruptcy filing shows the value of FTX’s crypto holdings is just $659,000, after Sam Bankman-Fried said they were worth $5.5 billion
Binance pauses customer deposits of stablecoins Tether and USD Coin without explanation
Binance paused deposits of stablecoins Tether and USD Coin early Thursday. The company didn’t provide a reason for the halt on it’s website. Both tokens maintained their dollar peg as of presstime. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Cryptocurrency exchange… Continue reading Binance pauses customer deposits of stablecoins Tether and USD Coin without explanation
US stocks slump as Fed officials see more rate hikes in the pipeline to tame inflation
US stocks fell Thursday as central bank officials dampened hopes for a so-called Fed pivot. Fed regional presidents James Bullard and Esther George see more rate hikes in store to cool inflation. Earnings from Macy’s and Kohl’s as well as economic data were also in focus during the session. Loading Something is loading. Thanks for… Continue reading US stocks slump as Fed officials see more rate hikes in the pipeline to tame inflation
House prices might plunge 20% in the hottest US markets – and the slump could hammer the wider economy, top investor says
Home prices could tumble 20% in some of the hottest US markets, top investor Peter Boockvar said. He cited the surge in prices during the pandemic, and soaring mortgage rates pricing out buyers. The Bleakley Advisory boss warned a housing slump could hit consumer spending and the wider economy. Loading Something is loading. Thanks for… Continue reading House prices might plunge 20% in the hottest US markets – and the slump could hammer the wider economy, top investor says
Canada’s inflation rate holds steady at 6.9%
Kevin Carmichael: Latest CPI won’t stop Bank of Canada from hiking rates further, but it might pave way for a pause in new year Publishing date: Nov 16, 2022 • 6 hours ago • 4 minute read 150 Comments Canada’s inflation rate was largely driven by higher gasoline prices and mortgage interest, Statistics Canada said on… Continue reading Canada’s inflation rate holds steady at 6.9%
Investors ask Ottawa to reverse inflation-linked bonds freeze
The decision is coming at the ‘worst possible timing for investors’ due to historic levels of inflation Author of the article: Bloomberg News Esteban Duarte Publishing date: Nov 15, 2022 • 1 day ago • 2 minute read Join the conversation Deputy Prime Minister and Minister of Finance Chrystia Freeland delivers the fall economic statement in… Continue reading Investors ask Ottawa to reverse inflation-linked bonds freeze
Cryptocurrency blowout shows disruption fuelled by easy money often only disrupts your portfolio
Martin Pelletier: The old saying, ‘often the best trade is the one you don’t make’, comes to mind This past week the collapse of FTX.com sent the cryptocurrency world into a tailspin. Photo by REUTERS/Dado Ruvic/Illustration This year has been a complete train wreck for cryptocurrency investors, claiming nearly US$2 trillion in market value and billions… Continue reading Cryptocurrency blowout shows disruption fuelled by easy money often only disrupts your portfolio
Barry Choi: Is Black Friday still worth it?
Don’t miss: You could save hundreds — or possibly thousands — in interest by improving your credit score. Check it for free today Life is expensive. Skip saving and go straight to earning cash when you buy gas, dinner, gifts and more. Get the free app Is your family protected financially? These are 5 simple… Continue reading Barry Choi: Is Black Friday still worth it?
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