Key takeaways Digital assets exchange Crypto.com has laid off 20% of its global workforce. The announcement is the latest in a long line of crypto companies downsizing operations, many citing FTX’s downfall as a key reason. It’s not all bad, as crypto regulation could be introduced and funding remains strong in the sector. We all
Month: January 2023
Many House Republicans say they want to balance the federal budget in 10 years by cutting spending only. And they seem to have received a promise from newly-elected House Speaker Kevin McCarthy (R-CA) to bring such a plan to the floor for a vote sometime this year. I can’t wait to see what it looks
Public awareness of the links between our homes and our health was growing before the pandemic, but it has exploded in the months and years since then. What will the many built-in wellness design improvements we’ve added in recent years do to enhance our homes’ value to prospective buyers? Which ones are builders prioritizing in
A Cheesecake Factory restaurant in Louisville, Kentucky. Andy Lyons | Getty Images Check out the companies making the biggest moves midday: Goldman Sachs — The bank slid more than 2% after reporting earnings-per-share and revenue that missed Wall Street estimates Tuesday. Pfizer — Wells Fargo downgraded the pharmaceutical giant to equal weight from overweight on
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley reported fourth-quarter earnings on Tuesday that exceeded Wall Street expectations, boosted by the bank’s record revenues from
In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs on Tuesday posted its biggest
Singapore is welcoming them back, but a full return of Chinese tourists isn’t likely in 2023, Singapore Tourism Board executives said at a press conference Tuesday. Singapore Tourism Board’s CEO Keith Tan cited limited flight capacity and the speed of China’s border reopening as some of the reasons a full recovery from Chinese tourists isn’t
The circular economy envisages a shift away from the linear “take-make-dispose” model to a system where products and materials are reused in new cycles. While we are beginning to see a focus on greater resource utilisation and waste reduction, only 8.6% of all materials extracted and used make it back into our economy. A transition
Color never stops being interesting, but right now we see a resurgence of interest. Searches for ‘how to choose a paint color’ are up 49% compared to this time last year, with 7,500 people searching for the term last month alone. Considering the rising cost of living, paint can be used as a relatively affordable
In this article ADS-DE Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Several press releases allegedly sent from Adidas about a Berlin Fashion Week launch, its treatment of workers abroad and other topics related
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images The co-founders of failed cryptocurrency hedge fund Three Arrows Capital are now courting
Hillary Kladke | Moment | Getty Images Before looking forward to 2023, we should pause to reflect on 2022. The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing isn’t an IQ test; it’s a test of character.” Indeed, the most successful investor is not
Inflation has been hitting everyone hard and going into 2023, there are several things you can be doing in order to protect the state of your finances. Ask for more at the bank. Because interest rates have risen sharply over the past year, suddenly it is possible to get a return on savings accounts, money
The house style trend that’s been dominating the past few years is called “Modern Farmhouse.” In truth, farmhouses have never been known for their modernity. Farmhouses are loved for their association with simplicity, function, nostalgia and an abundance of sunlight and fresh air. A farmhouse is actually a budget-friendly home, embracing salvage and hand-me-downs. Yet
China needs to move past political considerations and look at importing Covid-19 jabs to end the pandemic globally, according to the chief executive of the world’s latest vaccine manufacturer. “They need to open themselves up to healthcare and vaccines from the West and set aside any political issues or things that are holding them back,”
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT A number of factors are behind bitcoin’s New Year rise, according to analysts, including an increased probability of interest rates being lowered and purchases by large buyers known as “whales.” Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin has begun 2023 on
Skyline in lower Manhattan. Gary Hershorn | Corbis News | Getty Images Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, a new report from Oxfam says. A total of $42 trillion in new wealth has been created since 2020, with
Given today’s ongoing high inflation, many Americans worry they may not have put away enough money for retirement. They fear that sharp increases in food and energy prices and transportation and medical care costs could significantly affect their retirement savings. Yet there’s another important factor to consider: your life expectancy. A new report from the
Key Takeaways The US government is expected to hit the debt ceiling next Thursday, meaning that Congress must approve a raising of the $31.4 trillion limit. Treasury Secretary Janet Yellen has written to House Speaker Kevin McCarthy, saying that failure to raise the ceiling could cause “irreparable damage to the US economy.” In the past,
As captain of the South Korean soccer team and a forward for English Premier League club Tottenham Hotspur, Son Heung-min knows a thing or two about becoming a pro athlete. In an interview with CNBC, Son shared his top tips on going pro and handling the pressures that come with it. “Sleep well, eat well
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