Sam Bankman-Fried, 30, still had a net wealth valued at $15.6 billion on November 8. This is the most spectacular destruction of wealth ever seen. In less than a week, Sam Bankman-Fried went from one Read more…
While markets have reacted very positively to the October CPI print, we continue to see further risks of more persistent inflation and think it is too early to trade a clear Fed pivot. Still elevated Read more…
FTX, a major cryptocurrency exchange, just filed for Chapter 11 bankruptcy after a turbulent week. This is a debacle and a huge setback for the cryptocurrency industry. FTX, one of the largest digital currency exchanges, Read more…
As markets see continued strength following the biggest rally since April 2020, keep an eye on changes in China’s covid policies and the unfolding FTX crypto fiasco. Watch TheStreet’s Market Open: More on Today’s Top Read more…
BoE MPC member Silvana Tenreyro said, “I would expect that Bank Rate held at 3% over 2023 would reduce output further below potential, given the effects of lower real incomes and the lagged impact of Read more…
Interest rate differentials have crushed the Japanese yen. The currency is down 18% against the US dollar this year, sinking to its lowest levels in three decades. However, there is light at the end of Read more…
Prices will continue to fall. I’m getting ready. I fastened my seat belt. I don’t know if that will be enough. One more day, you might say. The difference, this time around, is that it’s Read more…
FTX could close its U.S. operations within days, the group warned late Thursday, as it scrambles to find around $9 billion to save the collapsing crypto-trading empire of Sam Bankman-Fried. FTX, the teetering crypto exchange Read more…
After another US inflation surprise, CPI data will be dominating the agenda in most other markets in the coming week, shifting the focus away somewhat from the greenback. The pound will likely attract the most Read more…
The central bank ‘pivot’ narrative got a boost from US CPI inflation surprising on the downside, falling back to 7.7% in October amid easing core inflation pressures. Terminal rate expectations declined and markets are now Read more…