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Tesla Shares Suffer Worst Year Ever as short sellers sit on $15 billion in profits

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 […]

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Global Recession Risks Rise as Central Banks Raise Rates

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 […]

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Stock futures rise as traders look ahead to November wholesale inflation report

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 […]

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Weekly Market News 5 Dec, 2022

Crypto News Alameda Research Invested $1.15B In Crypto Miner Genesis Digital FTX’s sister company Alameda Research reportedly invested quite heavily in Bitcoin mining company Genesis Digital Assets during the crypto bull run. Documents reveal this figure is close to about $1.15 billion. This makes it Alameda and FTX’s biggest venture bet. Avalanche To Power Alibaba […]

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FTX’s first day in bankruptcy court: All you need to know

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 […]

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Weekly Market News 21 November

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 […]