Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers. Story Published at: December 18, 2022 at 12:00PM Continue Reading…
The Week in Business: The FTX Founder’s Rapid Fall
A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
Wall Street Fears the Fed Could Cause ‘Some Damage’
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market. Story Published at: December 15, 2022 at 12:57PM Continue Reading…
The Week in Business: Labor Actions Sweep Britain
The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets. Story Published at: December 11, 2022 at 12:00PM Continue Reading…
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange. Story Published at: December 1, 2022 at 06:30AM Continue Reading…
China’s Covid Contagion
Stock markets in Asia and Europe fell on Monday, as did U.S. futures and crude prices, as investors worried about the fallout of social unrest in China. Story Published at: November 28, 2022 at 12:28PM Continue Reading…
The Week in Business: FTX’s Collapse
The turmoil at Twitter continues. The holiday shopping season officially begins, although retailers have already been running sales. And the Fed releases the minutes from its last meeting. Story Published at: November 20, 2022 at 12:00PM Continue Reading…
The Week in Business: Mass Layoffs at Meta
Inflation showed signs of easing, cheering investors who hope the Fed will slow its aggressive rate increases. And one of the biggest crypto exchanges collapsed. Story Published at: November 13, 2022 at 12:00PM Continue Reading…
Markets Steady at End of a Strong Week
Signs of China easing its pandemic restrictions added to investors’ bullishness about cooling inflation in the United States. Story Published at: November 11, 2022 at 03:34PM Continue Reading…