Billionaire tech entrepreneur and Dallas Mavericks owner Mark Cuban has offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Mark Cuban Cuban, speaking on Friday at a conference in Washington, D.C., hosted by Sports Business Journal, shared the view that avarice …
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in a conversation with MarketWatch. “It’s not like Theranos,” he said. In a Friday phone interview, Draper said he hadn’t been aware of anyone genuinely comparing …
FTX collapse nothing like Theranos, says Tim Draper Read More »
Crypto exchange Binance reversed course on a rescue offer for FTX, leaving the second-largest crypto exchange with an uncertain future. Binance chose not to go ahead with the acquisition following a review of the company’s finances, the exchange said. Alexander JayJay Alexander james is a prolific News and Content marketer.Based Leeds United kingdom Jay Has …
Most crypto prices jumped Tuesday on news that Binance, the largest crypto exchange in the world, has signed a letter of intent to acquire rival FTX, but prices are still mostly lower than on Monday. Sam Bankman-Fried, chief executive and founder of FTX Sam Bankman-Fried tweeted on Tuesday that the exchange has entered into a …
How major crypto tokens are reacting after Binance’s intent to acquire FTX Read More »
Despite an extended streak of strong profits, shale companies are slowing their oil-field activity, keeping U.S. oil production roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has failed to materialize as creeping inflation-related costs, supply-chain snarls and disappointing well performance for …
Frackers Say Oil Production Slowing in the Shale Patch Read More »
PayPal may be in the midst of a turnaround but Wall Street still expects the payments company to post a sharp drop in earnings when it reports third-quarter financial results after the bell Thursday. Analysts surveyed by FactSet expect that PayPal (ticker: PYPL) will earn $0.63 a share on $6.8 billion in revenue, according to …
First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%. “The November decision is a lock. Well, I would be …
A historic rout in the bond market this year has resulted in the highest yields on municipal bonds in 15 years—and what looks like an excellent buying opportunity. At midweek, the muni market, as measured by the Bloomberg Municipal Bond Index, was down 13%, its worst showing in at least 40 years, as the yield …
Municipal Bonds Are Offering the Yields You’re Looking For. Here’s Where to Look. Read More »
U.S. stocks are poised to rise on Monday ahead of a busy week of corporate earnings reports. On Sunday at 6:25 p.m. Eastern time, Dow Jones Industrial Average futures were up 262 points, or 0.8%, while the S&P 500 futures were up 1%, and Nasdaq Composite futures were up 1.2%. Alexander JayJay Alexander james is …
America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS …
