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FTX creditors could be more than one million, bankruptcy filing shows
FTX may have more than 1 million creditors, a new court document in the crypto exchange’s bankruptcy case shows, ten times more than what the company said it had when it filed for Chapter 11 on Friday. “As set forth in the Debtors’ petitions, there are over one hundred thousand creditors in these Chapter 11…
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Inflation is cooling, and Wall Street loves it
Stocks surged Tuesday morning after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news come just a few days after another report showed that the pace of consumer price increases was also slowing. The Dow was up 250 points, or 0.7%, in late morning trading. The S&P 500 and Nasdaq rose 1.3% and 2% as well.…
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Exclusive: Jeff Bezos says he will give most of his money to charity
WashingtonCNN Business — Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.…
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Student Housing Real Estate Market Update.
Bet on Continued Rising Rents. As students return to campus, and even while they were taking classes remotely during the pandemic, rent collections remained high.
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Degrowth: A dangerous idea or the answer to the world’s biggest crisis?
Conventional economic logic hinges on a core assumption: Bigger economies are better, and finding ways to maintain or boost growth is paramount to improving society. But what if growth is at best doing little to fix the world’s problems, and at worst fostering the destruction of the planet and jeopardizing its future? That’s the radical message from the “degrowth”…
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Fed mulls ‘game changer’ to jolt inflation: Decision day guide
Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along with growing concerns that it will persist. The Federal Open Market Committee is expected to raise rates 75 basis points by Wall Street firms including Goldman Sachs…
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ECB plans quarter-percentage point rate rise in July as ultra-loose policy ends
Bank suggests pace of rate increasess could quicken in September
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Renewable Power Still in the Crosshairs of UK Windfall Tax
Renewable generators are still in the crosshairs of UK government officials drawing up proposals for a windfall tax on the profits of electricity producers. The Chancellor of the Exchequer, Rishi Sunak, said this week he’s looking at how to impose a tax on power profits and a decision could come within weeks. The Treasury is considering…
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Crypto winter came in the summer. What’s next?
Summer 2022 shook up the crypto world, wiping out trillions of dollars in market value. However, the future is digital with underlying blockchain technology forming the bedrock of everything from digital wallets to trade finance, asset tokenization and gaming. Consumer demand has played its part in accelerating corporate adoption of blockchain technologies. Fintech companies are…