Democrats are projected to keep their hold on the U.S. Senate after winning a key race in Nevada on Saturday, giving President Joe Biden’s party control of at least one Read more
Category: Top Stories
FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently 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.’” — Read more
FTX is investigating a potential hack amid bankruptcy filing
Bankrupt cryptocurrency exchange FTX is probing a potential hack and asked customers to stay off the FTX website, the company said. More than $400 million worth of crypto funds appears Read more
‘The fever appears to be breaking’: High rents are still contributing to U.S. inflation, but growth is slowing
Inflation may be easing, but October’s 7.7% increase in the U.S. consumer-price index compared with a year earlier was still being driven largely by higher shelter costs. Consumer prices rose Read more
The $26 billion rise and fall of FTX crypto king Sam Bankman-Fried
Just six months ago, CEOs, celebs and world leaders like Bill Clinton and Tony Blair flocked to him, gathering at a Davos-like conference he hosted in the Bahamas where he Read more
Recessions always spur big layoffs, but the Fed thinks this time might be different
Can the Federal Reserve slow the economy and crush high inflation without triggering mass layoffs? Top officials at the central bank think they can pull it off. Most economists predict Read more
‘Many prospective buyers are waiting for the volatility in mortgage rates to subside’: Mortgage rates hit 7.08%, Freddie Mac says
The numbers: The housing sector continues to face headwinds. The 30-year fixed-rate mortgage averaged 7.08% as of Nov. 10, according to data released by Freddie Mac FMCC, +0.03% on Thursday. Read more
Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion
The unprecedented $1.5 billion sale of the late Microsoft MSFT, +1.70% co-founder Paul Allen’s masterpiece collection Wednesday evening at Christie’s — followed by strong results for the sale of 95 Read more
CDC: Many people should ‘not eat meat from any deli counter’ unless it’s ‘steaming hot’
The Centers for Disease Control and Prevention is warning of a listeria outbreak linked to deli meat and cheese, saying those who are pregnant, 65 or older, or have a Read more
Investors may be whistling past the graveyard of a recession with latest rally in stocks
Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for Read more