Category: Uncategorized

  • Exclusive: Jeff Bezos says he will give most of his money to charity

    Featured Video Play Icon

    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.…

  • FTX creditors could be more than one million, bankruptcy filing shows

    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…

  • Crude not sustainable at $120/bbl, expect to come down over medium term

    Featured Video Play Icon

    Crude not sustainable

  • Inflation is cooling, and Wall Street loves it

    Featured Video Play Icon

    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.…

  • ECB plans quarter-percentage point rate rise in July as ultra-loose policy ends

    Featured Video Play Icon

    Bank suggests pace of rate increasess could quicken in September

  • Crypto winter came in the summer. What’s next?

    Featured Video Play Icon

    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…

  • Oil Industry

    Featured Video Play Icon

    Oil industry consultant: ‘Can’t drill our way out of’ Russian oil ban Andy Lipow, President of Lipow Oil Associates, shares what phasing out Russian crude oil sales in the European Union and OPEC+ means for global gas demand.Example

  • JPMorgan Stars Take Other Side of Dimon’s ‘Hurricane’ Trade

    Featured Video Play Icon

    As chairman and chief executive officer of JPMorgan Chase & Co., Jamie Dimon is perhaps the most powerful person in the banking industry anywhere in the world. So when he says — like he did on June 1 — that investors should brace for an economic “hurricane,” it’s worth taking the warning both literally and seriously. Such advice, however,…

  • Apple, JPMorgan Turn to Pay Now Grow Later

    Featured Video Play Icon

    Consumer payments-focused startups Klarna Bank AB, Afterpay Ltd. and Affirm Holdings have a had a good run at changing how people shop and growing rapidly until recently. Now, much bigger players look like they’re gearing up to streamroll the little guys.  Apple Inc. launched an installment-payments feature Monday among a string of product updates. It’s a prime example, along…

  • Stocks Rise Second Day, Recoup Last Week’s Losses: Markets Wrap

    Stocks Rise Second Day, Recoup Last Week’s Losses: Markets Wrap

    US stocks rose for a second day, climbing to session highs in the last hour of trading amid a broad-based rally. Treasuries pared gains and the dollar slipped. Back-to-back gains in the S&P 500 clawed back all of last week’s losses. The tech-heavy Nasdaq 100 advanced with megacaps Apple Inc. and Microsoft Corp. offsetting declines…