Markets

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

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 …

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SpaceX FCC broadband feud vs.  Dish, Michael Dell increases affiliates

SpaceX FCC broadband feud vs. Dish, Michael Dell increases affiliates

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 …

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Bank of America and Citigroup are flagged for potential losses on risky loan deals by rival JPMorgan

Bank of America and Citigroup are flagged for potential losses on risky loan deals by rival JPMorgan

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 …

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Elon Musk says 3 issues need to be resolved before Twitter deal closes

Elon Musk says 3 issues need to be resolved before Twitter deal closes

In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | light rocket | Getty Images Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter. Musk is seeking to buy Twitter for $44 …

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Australia RBA meeting minutes, oil and currencies

Australia RBA meeting minutes, oil and currencies

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 2.42% higher as shares of conglomerate SoftBank Group surged more than 3% while the …

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What is staked ether (stETH) and why is it causing havoc in crypto?

What is staked ether (stETH) and why is it causing havoc in crypto?

Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for …

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These fortress balance sheet stocks can weather a recession, Morgan Stanley says

These fortress balance sheet stocks can weather a recession, Morgan Stanley says

Recession fears compounded last week, following actions from the Federal Reserve and other central banks to tame inflation, along with the release of downbeat US economic data. Those concerned pushed the S & P 500 into bear market territory, closing Friday’s session down 23.7% from its January record. The Dow Jones Industrial Average closed out …

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