Author: super@dmin
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Key Words: ‘I was shocked to see things unravel the way they did’: FTX’s Sam Bankman-Fried
FTX and its related entities filed for Chapter 11 bankruptcy in the U.S. on Friday.
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: Medical cannabis maker Cantourage surges in Frankfurt debut
Medical cannabis maker Cantourage soared in its debut in Frankfurt on Friday.
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Crypto Update: Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news
Here’s how major cryptocurrencies are reacting to the FTX bankruptcy news.
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The Tell: U.S. stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight
One of Wall Street’s most implacable bulls has laid out his argument for why he thinks U.S. stocks can continue to rally into year’s end after Thursday’s game-changing October inflation data.
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Economic Report: Consumer sentiment hits lowest level since June as fear of recession looms
Consumer sentiment soured in November, hitting its lowest level since July as Americans contended with continued inflation and a worsening economic outlook.
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Cannabis Watch: Ascend Wellness, Ayr post wider losses as revenue climbs
Ascend boosts its presence in New Jersey while Ayr grows market share
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: Rivian shows ‘improvement’ but Wall Street remains cautious on the stock
Wall Street cheered “signs of improvement” for Rivian Automotive Inc., but seemed to remain cautious about the stock on worries that the electric-vehicle maker still faces a steep production ramp.
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Coronavirus Update: WHO says 90% decline in COVID deaths since Feb. is ’cause for optimism,’ while urging vigilance against new variants
The head of the World Health Organization said a close to 90% decline in COVID deaths globally compared to nine months ago is “cause for optimism,” but urged leaders to remain vigilant as new variants continue to emerge.
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Metals Stocks: Gold trades at highest level since August as dollar softens to 2-month low
Gold prices advanced further on Friday after settling at their highest level since August as expectations that the Federal Reserve might slow the pace of interest-rate hikes in December have helped to boost the yellow metal, and weigh on the dollar.
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Crypto: Softbank discloses $100 million investment in FTX but mostly avoids crypto bets
Softbank said its investment in FTX amounts to a ‘minor’ stake in the $100 billion Softbank Vision Fund.