Crypto lender Genesis reports bankruptcy protection
Genesis company filed for bankruptcy protection late Thursday night in Manhattan federal court, caused by the collapse of FTX. According to the bankruptcy protection documents, […]
Blogs
Markets fully price in quarter-point interest rate hike in february as inflation slows.
Markets are sure that next month the federal reserve will decrease its pace in the increase of interest rates. On Wednesday morning, the pricing had […]
Kissinger stressed giving a chance to Russia to rejoin the international system while backing Ukraine
On Tuesday, Henry Kissinger, former U.S. Secretary of State, said that if a peace deal with Russia-Ukraine needs to be negotiated, Russia needs to rejoin […]
Bank of Canada’s business and consumer surveys show signs of a weakening economy
According to the Bank of Canada, businesses anticipate sales to stall as consumers cut back on spending due to elevated inflation and increasing interest rates […]
The death count from California rainstorms reached 20, and Biden is planning a visit
On Monday, the three-week-long march of atmospheric rivers that pounded California finally dissipated, allowing the state to start the lengthy repairs to streets and levees […]
Household wealth optimism downshifts global survey shows
Overview What it covers is… According to a regular global survey, narrowly two out of five people believe their families will be better off in […]
Legal and General inaugurates a direct real estate equity business in the U.S.
Legal & General is moving its direct real estate investment business into the U.S. for the first time and has hired Alexia Gottschalch and Tim […]
After shareholder backlash, Apple CEO Tim Cook accepts a 40% pay cut.
Apple Inc. is reducing Chief Executive Officer Tim Cook’s pay by more than 40% to $49 million in 2023, mentioning investor guidance and Cook’s request. […]
Merck and Pfizer rebuff China’s push for deeper price cuts on Covid drugs
Top US makers of Covid drugs seem to be resisting China’s efforts to get them to reduce their prices, highlighting the challenges it faces in […]
The downturn of inflation in the US could not stop the ongoing Fed
Consumer inflation has reduced in December as gasoline and oil prices have reduced, but not enough to counter the Fed rate hike. Economists expect the […]