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FTX’s acquisition of creditors was a ploy to buy time and slow down a margin call, Ram Ahluwalia, the CEO of crypto-native investment advisor Lumida Wealth Management says. Sam Bankman-Fried’s…
Shares of Amazon.com Inc (NASDAQ: AMZN) are in the red on Monday after a New York Times report said the tech behemoth plans on executing its biggest job cut ever.…
Walt Disney Co (NYSE: DIS) is trading up this morning after the entertainment conglomerate announced a “targeted hiring freeze” and revealed plans of “some job cuts”. What CEO Bob Chapek…
$1 trillion is an insane amount of money for governments, let alone companies. Yet, the last few years saw several public companies breaking the threshold. It all started with Apple,…
Alameda Research, an FTX-affiliated quantitative crypto trading platform co-founded by Sam Bankman-Fried in 2017, allegedly used funds belonging to FTX users to trade, sources say. The crypto news is the…
Goldman Sachs says U.S. inflation will ease “significantly” next year as three key factors contributing to higher consumer prices continue to disappear. Goldman economists see core PCE back to 2.9%…
The crypto gaming industry is expected to grow tremendously over the coming decade. Blockchain-based gaming has exploded by 2,000% since Q1 2021, according to Coindesk, and now, investors are seeking…
The week ahead of full of important economic events out of the United Kingdom that may move both the currency and the stock market. The British pound recovered some of…
BAE Systems (LON: BA) share price has been a major winner in the FTSE 100 index this year. It has jumped by over 36%, making it the second-best performer in…
Rolls-Royce (LON: RR) share price has staged a strong comeback in the past few months. The stock surged to a high of 90p, which was the highest level since August…