Articles A year ago, Tesla Inc. seemed unbeatable, with its shares near a record high amid soaring optimism for the global electric-vehicle market. Now investors are struggling to see a bottom. The stock was never for the faint of heart, given its volatility and the mercurial style of its chief executive, Elon Musk. Still, the magnitude […]
Account Global Recession Risks Rise as Central Banks Raise Rates There is no doubt that what happens in the Federal Reserve meetings and the decisions taken, have a huge impact on the financial Markets. During their latest meeting, The FED raised interest rates by 50 BP. Additionally, they have raised their terminal rate from 4,80% to […]
Account Stock futures rise as traders look ahead to November wholesale inflation report Stock futures rose slightly Friday as investors looked ahead to new inflation data. The upcoming report on the US producer prices will be one of the final pieces of data to inform a rate decision by the Federal Reserve next week. Friday’s US […]
Account Attorneys and executives representing the collapsed cryptocurrency platform FTX appeared in court on Tuesday where they revealed a continued investigation into the company’s assets formerly controlled by its founder and former CEO Sam Bankman-Fried. They also pleaded to keep the names of the company’s customers shielded from public view. The two-hour hearing was a traditional […]
Account Weekly Market News 21 November Crypto News FTX Says Top 50 Creditors Are Owed $3.1 Billion According to a recently filed court document, FTX owes its 50 largest creditors about $3.1 billion with claims ranging from tens of millions to hundreds of millions of dollars. The document also reveals that FTX has around 1 million […]
Account Bitcoin (BTC) dropped to a new 23-month low on Wednesday as crypto traders processed the news that the Binance exchange might demur on an earlier plan to buy its once-mighty but suddenly ailing rival FTX. The price of bitcoin hit $16,936 on crypto exchange Bitstamp on Wednesday, after Binance is leaning toward scrapping the deal […]