Why the Fed Is Risking a Recession

Why the Fed Is Risking a Recession

Recession fears are ramping up as the Federal Reserve embarks upon an aggressive campaign to raise interest rates, and politicians and members of the public are increasingly questioning why central bankers are planning to cause the economy pain. The short answer is: This is the tool the Fed has to bring inflation under control. The … Read more

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

Crypto exchange FTX U.S. gets into stock trading

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to … Read more

Bobby Kotick Will Stay On Activision Board For Another Year

Bobby Kotick Will Stay On Activision Board For Another Year

Look at this man. How does he keep getting away with it?Photo: Scott Olson (Getty Images) Just yesterday, Activision Blizzard shareholders voted to approve a report looking into the company’s anti-harassment efforts. While the company itself is “carefully considering” that, stockholders also gave the green light to the Board of Directors nominees, which included shitty … Read more

Here’s the Worst-Case Scenario for Bitcoin (BTC), According to Crypto Analyst Nicholas Merten

Here’s the Worst-Case Scenario for Bitcoin (BTC), According to Crypto Analyst Nicholas Merten

A popular crypto analyst is looking at historical data to determine whether Bitcoin (BTC) has actually reached its bottom or not after enduring an extended downtrend. In a new strategy session, Nicholas Merten cautions his 516,000 YouTube subscribers against feeling too exuberant about Bitcoin rallying off its weekly lows after BTC briefly dipped under $18,000 … Read more