Author: super@dmin
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Crypto: Former Point72 fund manager caught up in FTX collapse: ‘I’m pretty disgusted with the space as a whole’
Ikigai Asset Management is being swept up in the collapse of FTX, after it had “a large majority” of its total assets the bankrupt digital asset exchange, according to Travis Kling, the firm’s founder and chief investment officer.
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: Realtors expect ‘vulnerable’ commercial real-estate prices to drop in 2023 — as people embrace hybrid working practices
‘Nationwide, we are beginning to see some decline in commercial appraisal values,’ said Lawrence Yun, chief economist at NAR.
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Washington Watch: As Congress returns, Democrats weigh end run around Republicans to raise debt limit
U.S. lawmakers on Monday are getting back to work in Washington, D.C., after a break for the midterm elections, and one action that Democrats in Congress are considering is trying to raise the debt limit before year’s end.
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Earnings Results: Oatly stock tumbles 12% as company’s loss widens amid production snags at a U.S. plant and COVID lockdowns in Asia
Oatly Group AB stock tumbled Monday, after the Swedish maker of oat-based dairy products posted a wider-than-expected third-quarter loss and revenue that fell far short of estimates, and offered guidance that also lagged consensus.
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: Americans have not been this worried about layoffs since April 2020 — and they also see no immediate end to rising prices
A growing list of tech companies have been laying off staff amid recession worries.
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: Don’t let Tom Brady lead you astray: Big names hawking FTX and other crypto investments can mean only one thing for your finances
Understand the difference between marketing and sound investments.
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Earnings Results: ‘Embarrassed’ Tyson Foods CFO apologizes to investors for arrest
Tyson Foods Inc. reported mixed fourth-quarter results Monday as chicken prices soared while beef slumped, but perhaps the most interesting part of the post-earnings conference call was Chief Financial Officer John Tyson’s comments about being arrested barely a month after getting the job.
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The Conversation: Everything you need to know about the disease that’s ravaging poultry farms and pushing up the price of Thanksgiving turkeys
More than 50 million birds have been culled in this year’s avian flu outbreak so far, matching the worst outbreak in U.S. history.
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The Fed: Feds Brainard’s says appropriate ‘soon’ to step down to slower pace of rate hikes
Fed Vice Chairman Lael Brainard says it will be appropriate to soon slow the pace of the central bank’s rate hikes.
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Washington Watch: Biden, Xi pledge renewed cooperation on climate as world pressures two top polluters
U.S. President Joe Biden and Chinese President Xi Jinping committed to work together to curb carbon emissions and other Earth-warming pollution.