With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to …
Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager Read More »
Picture Alliance | Getty Images UK health authorities have said they are urgently investigating a rare polio virus discovery in sewage samples in London, potentially putting Britain’s polio-free status at risk for the first time in almost two decades. “We are urgently investigating to better understand the extent of this transmission and the NHS has …
Online lottery ticket company Jackpot announced Wednesday that it closed on $35 million in series A funding, led by some of the biggest names in sports who see the promising growth potential in digital lottery sales. The cash infusion could enable Jackpot to start rolling out its website and app later this year in select …
Online lottery ticket firm Jackpot gets funding from top sports execs Read More »
Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the …
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely …
A sign reading ‘Kaliningrad’ stands atop the main city’s south railway station. Kaliningrad is a small Russian exclave located on the Baltic Sea and sandwiched between Lithuania and Poland. It has become the center of a spat between Russia and NATO-member Lithuania. Harry Engels | Getty Images Sports | Getty Images A new front in …
Russia and NATO member Lithuania are clashing over Kaliningrad Read More »
The Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point last week and signaled that a similar hike could be on the cards in July — the boldest statement yet of its intent to combat soaring inflation. The hike was the Fed’s largest since 1994 and sent the benchmark funds rate …
Financials that did well in the 1994 Fed rate hike cycle Read More »
More than four in five people in the UK are worried about rising living costs and their ability to afford basic necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | dpa | Getty Images LONDON — UK inflation hit 9.1% year-on-year in May as soaring food and …
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images WASHINGTON — Elon Musk’s SpaceX on Tuesday ramped up a battle over broadband regulations with Dish Network and an affiliate of …
SpaceX FCC broadband feud vs. Dish, Michael Dell increases affiliates Read More »
Fund outflows and tightening conditions in a key corner of the credit markets have left big banks with an estimated $2 billion in losses, according to JPMorgan Chase . Bank of America and Citigroup have the most exposure to so-called hung loan deals within the coverage universe of JPMorgan analyst Vivek Juneja, according to a …
