crash

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Rob Nichols is president and CEO of the American Bankers Association and Dennis Kelleher is president and CEO of Better Markets, a Washington-based nonprofit that promotes financial market reform. The recent turmoil in the trillion-dollar crypto sector, including the sudden liquidity crunch and the spectacular collapse of FTX, brought to light the concept of a …

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Housing market crash 2023: where will prices fall?  And why?

Housing market crash 2023: where will prices fall? And why?

| Getty Images Key points to remember Morgan Stanley predicted a 10% decline in house prices from June 2022 to 2024. This juxtaposes the 45% increase in prices the US housing market experienced between December 2019 and June 2022. Some markets are already showing significant price declines, topped by metros like San Francisco, Seattle and …

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Tesla stock bulls and bears react to Elon Musk's $700 billion crash.  Here's what Morgan Stanley, Citi and others say could happen next

Tesla stock bulls and bears react to Elon Musk’s $700 billion crash. Here’s what Morgan Stanley, Citi and others say could happen next

Analysts aren’t lamenting Tesla despite a market rout that wiped nearly $700 billion in value from its peak a year ago. In fact, even a renowned Tesla bear improved on the stock, saying it had probably bottomed out. “We think the year-to-date pullback has offset the near-term risk/reward,” said Citi analyst Itay Michaeli. Loading Something …

Tesla stock bulls and bears react to Elon Musk’s $700 billion crash. Here’s what Morgan Stanley, Citi and others say could happen next Read More »

Oil price collapse: Saudis, Russians rush to market’s rescue, 2 weeks early

Oil Price Crash: Saudis and Russians Rush to Market Rescue, 2 Weeks Early By Investing.com

© Reuters By Barani Krishnan Investing.com — There are still two weeks until the OPEC+ meeting, but the Saudis and Russians have decided not to sit back and let the market meltdown continue. In an urgent response to a Wall Street Journal report on Monday, Saudi Energy Minister Abdulaziz bin Salman denied that the alliance …

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Tesla safety at center of South Korean lawsuit over fatal crash

Tesla safety at center of South Korean lawsuit over fatal crash

SEOUL, Nov 21 (Reuters) – Two years ago, in an upscale Seoul neighborhood, a white Tesla Model X slammed into the wall of a parking lot. The fire accident killed a prominent lawyer – a close friend of the South Korean president. Prosecutors have charged the driver with manslaughter. He blames Tesla. Choi Woan-jong, who …

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"It's the extinction of crypto": Peter Schiff predicted the financial crash of 2008 - now he sees the total destruction of digital currencies very soon.  Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes With the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now in the …

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes Read More »

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business Read More »