Business News
Democrats Spent $2 Trillion to Save the Economy. They Don't Want to Talk About It.
The New York Times - 16 Oct 2022 09:00
Polls show voters liked direct payments from President Biden's 2021 economic rescue bill. But they have become fodder for Republican inflation attacks.
Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules
Bitcoin.com - 16 Oct 2022 07:30
Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The mov...
Former Morgan Stanley CEO: Crypto Could Become 'a Huge Way' That Monetary Transactions Take Place
Bitcoin.com - 16 Oct 2022 03:30
Former Morgan Stanley CEO John Mack has confirmed that he still owns bitcoin. While admitting that it is hard for him to understand why crypto has value, the former executive believes that 50 years from now, crypto could...
Ken Griffin sells Near North Side condo for $10.2M
Chicago Tribune - 16 Oct 2022 15:25
The condo was Griffin's legal residence until recently
XRP Price Prediction - Can XRP Hit $10 After Its Court Case Ends
Crypto News - 16 Oct 2022 14:26
The XRP price prediction remains neutral as investors remain uncertain about the ongoing Ripple vs. SEC battle. Since both Ripple and the SEC have filed requests for summary judgment, it has been widely assumed that they...
Junk-Rated Companies Search for the Right Time to Tap Investors
Wall Street Journal - 16 Oct 2022 14:00Archbishop of Canterbury criticises tax cuts for the rich
The Guardian - 16 Oct 2022 13:55
Justin Welby 'deeply sceptical about trickle-down theory' and can see no moral case for budgets that disproportionately affect poor The archbishop of Canterbury has delivered a critique of tax cuts for the wealthy saying...
Mango Markets $100 Million Exploiter Reveals Identity
Crypto News - 16 Oct 2022 13:49
The exploiter of Solana-based DeFi lending platform Mango Markets has revealed his identity, referring to his actions as "a highly profitable trading strategy." Avraham Eisenberg, who calls himself a "digital art dealer,...
It's still unclear if your student debt will be forgiven before payments resume in January — or how your loan company will carry out the relief
Business Insider - 16 Oct 2022 13:15The Culture Around Tech Is Changing As Employee Expectations Evolve
Forbes - 16 Oct 2022 13:00
While most industries have been grappling with the Great Resignation, 2022 has been full of layoffs and a shift to "not rocking the boat" in tech. The pandemic, recession fears, and demands for a more inclusive culture h...
Whiplash in Markets Shows Investors Are Still on Edge
Wall Street Journal - 16 Oct 2022 11:30
Some investors say the market's recent roller-coaster ride seems like a classic bear-market rally: beaten-down stocks temporarily bouncing higher, only to resume selling off.
Japanese Yen Plunges to 32-Year Low Against US Dollar -- Another Intervention by Authorities Expected
Bitcoin.com - 16 Oct 2022 09:30
The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years -- 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted aut...
Most Metaverse users don't even make it a month, WSJ reports
Business Insider - 16 Oct 2022 08:19US Lawmaker Calls on SEC to Issue Crypto Regulations -- Says 'a Formal Regulatory Process Is Needed Now'
Bitcoin.com - 16 Oct 2022 01:30
A U.S. senator has called on the Securities and Exchange Commission (SEC) to issue crypto regulations now “through a transparent notice-and-comment regulatory process.” He stressed that “some digital assets are sec...
Tampa Bay Buccaneers Need To Make A Move Amid Offensive Line's Struggles
Forbes - 16 Oct 2022 23:48
Despite a favorable matchup, Tampa Bay Buccaneers' offense continued to look sluggish in the team's 20-18 loss to the Pittsburgh Steelers.
Russia is making excuses for why it can't stop US-made HIMARS from shredding its military in Ukraine
Business Insider - 16 Oct 2022 23:37While Its Lost 94% in Value Since the Collapse, Terra's Fractured Ecosystem Is Still Worth $2.5 Billion
Bitcoin.com - 16 Oct 2022 23:30
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart...
Beyond Meat exec Doug Ramsey, accused of biting a man's nose in September, leaves company
USA Today - 16 Oct 2022 23:23
Doug Ramsey, 53, was arrested in September after police said he assaulted another man following an Arkansas Razorbacks college football game.
The Wall Street Journal: Activist investor Starboard has nearly 5% stake in Splunk, seeks to boost stock
Market Watch - 16 Oct 2022 23:09
Activist investor Starboard Value LP has a sizable stake in Splunk Inc. and plans to push the software maker to take action to boost its stock price, according to people familiar with the matter.
Utah Independent Senate candidate Evan McMullin says GOP Sen. Mike Lee 'sits on his hands until it's time to vote No'
Business Insider - 16 Oct 2022 23:04Carbon Credits Have Struggled To Win Market Approval -- Until Now
Forbes - 16 Oct 2022 23:00
Carbon credits have struggled to gain a foothold among countries and companies. But that will change now that a major bank says they are valued assets that can slow the climate emergency.