Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil. “It would be very unfortunate if, out of solicitude for the banking system, the Fed were to slow down its
Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17. The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million that the United States
In this article ILMN Follow your favorite stocksCREATE FREE ACCOUNT Reptile8488 | E+ | Getty Images Company: Illumina (ILMN) Business: Illumina develops, manufactures and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina and Grail. Grail, which was acquired in August 2021, is a
In this article BMBL FRC CS Follow your favorite stocksCREATE FREE ACCOUNT Nvidia’s A100 GPU, used to train ChatGPT and other generative AI, is shown at the demo center of Nvidia’s headquarters in Santa Clara, CA, on February 9, 2023. Katie Tarasov Check out the companies making headlines in premarket trading. FedEx — Shares were
Top Stories This Week Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees Sam Bankman-Fried (SBF) is seeking to use FTX’s corporate insurance policies to cover his legal expenses, according to a court filing on March 15. As per the filing, the policies provide “priority of payment” to insured individuals such as Bankman-Fried. The
Life on The Strand in Manhattan Beach serves up the idyllic Southern California beach scene. Gray whales plow through the water on their twice-yearly migration, bottlenose dolphins play in the waves and passersby gather to watch the orange sun dip into the horizon. A pedestrian and bike path and a swath of sand are all
Catherine Delahaye | Getty Taking a loan against your 401(k) savings is generally a bad idea — but using the money as a short-term “bridge loan” may be an exception, according to Blair duQuesnay, a certified financial planner based in New Orleans. “I’ve always been very anti-401(k) loan,” duQuesnay said. “However, I have found there
In this video, we will be discussing about the benefits of selling vertical spreads over a naked put — a cash-secured put. There are a lot of benefits is selling naked puts especially using verticals. If you want more in-depth discussion about verticals, we actually have a course out now, the Options Mastery Verticals v2.0.
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California Gov. Gavin Newsom has proposed an independent watchdog within the California Energy Commission to monitor the state’s petroleum market on a daily basis. The proposal represents a shift from his plan to place a cap on oil company profits, though it would give the commission more authority to investigate gasoline price spikes and the
Credit Suisse, UBS and their key regulators are racing to thrash out a deal on the historic merger of Switzerland’s two biggest banks as soon as Saturday evening, people familiar with the situation told the Financial Times. The Swiss National Bank and regulator Finma have told international counterparts that they regard a deal with UBS
Regional leaders in the Northeast kept up high-profile efforts to show support for local entities facing challenges after the failures of Silicon Valley Bank in California and Signature Bank in New York. Despite federal measures to backstop all deposits, even those higher than the $250,000 deposit insurance limit, the failure of the California bank, which
After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled from the equities markets and has risen to its highest level since
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
In this article GWILX Follow your favorite stocksCREATE FREE ACCOUNT Flashpop | Stone | Getty Images As women in America struggle to get equal pay and rise up the ladder, companies that empower and promote female workers are being rewarded by impact investors. Known as gender lens or gender equity investing, the idea is to
The index gurus are at it again. Some of the best-known stocks are getting reclassified on Friday, and that means a lot of money is going to move around. Ever wonder why Walmart is classified as a consumer staples stock in the S&P 500, but similar retailers such as Target, Dollar General and Dollar Tree are
Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse. Arnd Wiegmann / Stringer / Getty Images Check out the companies making headlines in midday trading. First Republic — The regional bank shares shed over 20% even after the company is set to receive
The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during the period. The surge in cryptocurrency prices occurred as the United States Federal Reserve was forced to
The owner of a building in the New York suburbs (let’s call it the Julex Tower) opened negotiations with a possible buyer. As is customary, the owner and possible seller asked the possible buyer to sign a confidentiality agreement, agreeing not to share information about Julex Tower or the possible sale. Like most other confidentiality
Commuters make their way along a street amid smoggy and foggy conditions early in the morning in Lahore on January 3, 2023. Arif Ali | AFP | Getty Images About 90% of the global population in 2022 experienced unhealthy air quality, and only six countries met the World Health Organization’s recommendations of safe air pollutant