Business News
India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens
Bitcoin.com - 2 Oct 2022 06:30
India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its late...
$724 Billion Below Peak, Apple's Market Cap Is Still Too High
Forbes - 2 Oct 2022 17:02
Apple is barely growing and could shrink as the global economy contracts. How can investors justify its $2.2 trillion market capitalization?
Oil is poised for a weaker rally after 'investor exodus' on strong dollar and recession fears, Goldman says
Business Insider - 2 Oct 2022 16:30
Goldman Sachs said it's still bullish on oil but slashed its price target on Brent crude to $100 a barrel from $125.
The Stock Market Has Risen After Every Midterm Election Since 1950
Forbes - 2 Oct 2022 14:15
US stocks have consistently earned positive returns after previous midterms, and delivered average annual returns of 18.6% compared to 10.6% in all other years.
Tamer Inflation But Trouble Lies Ahead As Fed Has Overtightened
Forbes - 2 Oct 2022 07:16
Markets have tanked since the worse-than-expected CPI reading caused more Fed hawkishness. And it doesn't look like the economy will have a "soft-landing."
US Senator Introduces 'No Digital Dollar Act' to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency
Bitcoin.com - 2 Oct 2022 05:00
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The b...
SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme
Bitcoin.com - 2 Oct 2022 03:30
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the h...
: Facebook parent Meta is no longer one of 10 most valuable U.S. companies. Here's what just overtook it.
Market Watch - 2 Oct 2022 02:22
Meta Platforms Inc. is furthering its descent through ranks of the biggest companies in the U.S., this time falling below Exxon Mobil Co. for the first time in more than five years.
Dan Wieden, the advertising icon behind Nike's 'Just Do It' campaign, has died
Business Insider - 2 Oct 2022 02:03Property prices dropped further in September and falls 'could accelerate' again with rate rise
The Guardian - 3 Oct 2022 01:33
Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia Follow our Australia news live blog for the latest updates Get our free news app, morning email...
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
Bitcoin.com - 3 Oct 2022 01:30
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an al...
China E-Commerce Billionaire Richard Liu Settles Alleged Rape Case
Forbes - 3 Oct 2022 01:14
Settlement terms weren't disclosed
Ukrainian Forces Are Advancing In Southern Ukraine
Forbes - 3 Oct 2022 01:02
Just a day after liberating Lyman, a key supply hub for Russian forces in eastern Ukraine, Ukrainian forces are on the move in the south, too. As in Lyman, Russian troops increasingly are cut off from resupply--and in ac...
Shohei Ohtani Gets Record $30 Million, One-Year Deal From Angels
Forbes - 2 Oct 2022 23:36
The Los Angeles Angels have jumped Shohei Ohtani's salary from $5.5 million to $30 million with a record-setting contract.
OPEC+ to Weigh Production Cut to Bolster Oil Prices
Wall Street Journal - 2 Oct 2022 23:35Surplus but uneven rainfall lends upward risks to food inflation
livemint.com - 2 Oct 2022 23:29
QuantEco Research said notwithstanding the moderation in international food prices, risks to domestic food inflation remain elevated on the back of low Kharif output, festive demand, decline in acreage for pulses, and in...
Investec closes debut credit fund at $155 mn
livemint.com - 2 Oct 2022 23:16
The fundraising includes a ₹250 crore sponsor co-investment commitment.It will be managed by Investec Capital Services (India) Pvt. Ltd
Defense Secretary Austin: Chinese Invasion Of Taiwan Not 'Imminent'
Forbes - 2 Oct 2022 23:11
President Joe Biden said last month the U.S. would defend Taiwan against any Chinese attack, but Defense Secretary Lloyd Austin was less committal.
How Aurum Capital's Jiten Parmar's bets on value investing paid off
livemint.com - 2 Oct 2022 23:04
Parmar shared his journey from a software engineer to a value investor for the special Mint series--Guru Portfolio
Economy Week Ahead: U.S. Jobs Market and Trade in Focus
Wall Street Journal - 2 Oct 2022 23:00Leveraged Loan Default Volume In The U.S. Has Tripled This Year
Forbes - 2 Oct 2022 22:52
The default rate this year has been rising both in high yield loans and leveraged loans. The 2022 leveraged loan default volume so far this year totals $22.2 billion, three time higher than the $6.3 billion at this time ...
Novak Djokovic Captures Tel Aviv Title In First Event Since Wimbledon
Forbes - 2 Oct 2022 22:42
Novak Djokovic is back in the winner's circle. Playing in his first tour event since winning Wimbledon this summer, the 35-year-old Serb and top seed defeated No. 2 seed Marin Cilic 6-3, 6-4 on Sunday to clinch the Tel A...