commodity markets

FTX's jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: 'It's about people getting ahead on their skis'

FTX’s jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: ‘It’s about people getting ahead on their skis’

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Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to famed biotech startup Theranos, in a conversation with MarketWatch. . “It’s not like Theranos,” he said. In a phone interview on Friday, Draper said he was unaware of any comparison between …

FTX’s jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: ‘It’s about people getting ahead on their skis’ Read More »

Asian markets rise, except for Japan, ahead of US jobs report

Asian markets rise, except for Japan, ahead of US jobs report

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TOKYO (AP) — Stocks were mostly higher in Asia on Friday, led by a 5.8% jump in Hong Kong’s Hang Seng index as Chinese markets were boosted by speculation that Beijing could begin to ease. pandemic restrictions. The Tokyo Nikkei fell, catching up after Japanese markets closed on Thursday for a holiday. Investors are watching …

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Why the countdown to a recession is starting now, according to these bond market signals

Why the countdown to a recession is starting now, according to these bond market signals

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The sirens of recession began to sound louder in the bond market in November, even with a buoyant US labor market that took away the likelihood of an economic slowdown for many households. A closely watched chart of bond yields that compares TMUBMUSD03M 3-Month Treasury Bills, 4.015% and 10-year treasury bills TMUBMUSD10Y, 4.056% ratings has …

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Starbucks sales set to hit record thanks to inflation

Starbucks sales set to hit record thanks to inflation

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Starbucks Corp. is expected to post record quarterly sales, boosted by higher prices, although profits are expected to fall amid social tensions, higher ingredient costs and COVID-19 lockdowns in China, where the coffee chain has tried to grow. Starbucks SBUX, -2.89% is expected to release its fiscal fourth quarter results on Thursday, and Wall Street …

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Fed and White House combine for day that gets to the heart of Biden's political problem | CNN Politics

Fed and White House combine for day that gets to the heart of Biden’s political problem | CNN Politics

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CNN — On Wednesday, two Washington power centers will expose the politically toxic dynamics of the top economic issue threatening President Joe Biden’s congressional majorities with the midterm elections less than a week away. The Fed is likely to trigger another historic interest rate hike and, about half a mile from the White House, Biden …

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BP profit more than doubles as windfall tax calls grow | CNN Business

BP profit more than doubles as windfall tax calls grow | CNN Business

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London CNN Business — BP’s profits more than doubled in the third quarter of the year, extending a run of windfall profits for the world’s biggest oil and gas companies, which will add to growing calls in Britain and the US for higher taxes on windfall profits. The UK-based energy company posted underlying profit of …

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