As Sam Bankman-Fried was using FTX customer money for all sorts of risky trading and lending, he was also making large venture investments.
FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention
As Sam Bankman-Fried was using FTX customer money for all sorts of risky trading and lending, he was also making large venture investments.
Metaverse off to ominous start after VR headset sales shrank in 2022
Meta is betting big on virtual reality as an anchor technology for its metaverse, but VR isn’t catching on yet within the mainstream.
Stocks making the biggest moves midday: Tesla, Southwest, Apple, AMC and more
These are the stocks posting the largest moves in midday trading.
How Amazon’s cloud unit is helping researchers analyze genetics
AWS has launched general availability for Amazon Omics, which helps researchers store and analyze omic data like sequences of DNA, RNA and proteins.
The fintech reckoning is upon us. Here’s what to expect next year
Many fintech startups will be forced to shutter or sell themselves as they run out of funding in 2023, according to investors, founders and investment bankers.
Stocks making the biggest moves premarket: Tesla, AMC, Southwest and others
These are the stocks posting the largest moves before the bell.
Ghana suspending debt service payments on its external obligations
Ghana suspended payments on much of its external debt, effectively defaulting as the west African country struggles to plug its cavernous balance of payments deficit. Prices of Ghana’s sovereign international bonds dropped sharply in the wake of the announcement. Ghana had already announced a domestic debt restructuring and struck a $3 billion preliminary financing deal with the International Monetary Fund...
Best Bond Funds for Your Portfolio
Bonds are a way to loan money to corporations or the government. These entities issue bonds to raise money and you can purchase a bond with a specific interest rate – interest is paid overtime and when the bond matures your initial investment is returned to you. Bonds can be bought and sold on secondary markets, just like stocks. The...