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With persistent inflation and the aggressive interest rate hikes from the Federal Reserve, the stock market in 2022 experienced its most volatile year since 2009. The S&P 500 has been on a shaky decline since January 2022, and despite a few short-lived rebounds, it was down 19.4% at the end of 2022. Intraday volatility the
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Crypto giant Binance reportedly processed almost $346 million in Bitcoin BTC/USD for the Bitzlato digital currency exchange, thefounder of whichwas arrested by U.S. authorities last week for allegedly running a "money laundering engine," according to blockchain data, Reuters reported. What Happened: The Department of Justice announced on Jan. 18it had charged Bitzlatos co-founder and majority
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Do politicians have a First Amendment right to lie on the campaign trail? Probably so, suggests a federal court in a new ruling. North Carolina’s ban on dishonesty in political campaigns is “facially unconstitutional,” the U.S. Court of Appeals for the 4th Circuit said. The appeals court’s ruling isn’t a final judgment. Rather, the court
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WASHINGTON The United States government is combing over a variety of intelligence debris, reconnaissance plane photos and old observations to learn what the Chinese spy balloon was after as it made its way across the US in early February before being shot down by a Sidewinder missile fired by a stealth fighter jet last weekend.
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Current, the Andreessen Horowitz-backed disruptor looking to fix the way people bank, announced the addition of Siva Gowrishankar as the firms new Chief Risk Officer. Gowrishankar joins after spending about two decades driving success at a variety of financial services firms. Previously, Gowrishankar was Head of Credit Strategy and Optimization at Fifth Third Bancorp FITB
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Amid the highest inflation since 1981, consumers across the United States are not only struggling to keep up with their savings goals, many are falling deeper into debt to cover the rising cost of living. One study by LendingTree last year found that 43% of Americans were likely to resort to credit cards and loans
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Stablecoin holders seek stability in turbulent markets, allowing for predictable returns through U.S dollar-denominated yield. The largest risk most crypto investors are exposed to is market volatility, as digital assets may fluctuate by double-digit percentage points in a single day. Thanks to new innovations in decentralized finance (DeFi), stablecoin holders can earn low-risk yields that
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It was a raucous, interactive, and argumentative State of the Union like no other. And when it was over, President Joe Biden had provided a clear signal of how he plans to contest the 2024 presidential election. Leaning hard into his populist Scranton Joe persona, an energetic and feisty Biden sparred with congressional Republicans heckling
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Are federal officials violating the First Amendment when they pressure social media companies to suppress “misinformation”? That is the question posed by a federal lawsuit that the attorneys general of Missouri and Louisiana filed last May. New York Times reporter Steven Lee Myers warns that the lawsuit “could disrupt the Biden administration’s already struggling efforts
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Nelson Peltz has called off his fight against Walt Disney a day after the company unveiled a restructuring plan involving the loss of 7,000 jobs, ending one of the biggest corporate battles in recent years. The end of the activist investor’s push removes a distraction for chief executive Bob Iger, who is seeking to steer
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Cboe Global Markets Inc. CBOE , the proprietor of the worlds largest options exchange, has Mini-SPX (XSP) Weekly Options in its portfolio of market-defining products. Since 1973, Cboes innovation has defined many of the markets popular constituents, including the Volatility Index (VIX), electronic communication networks and options contracts listings. As the retail trading community rose
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