Bitcoin has tumbled in 2022 but JPMorgan has warmed to the asset. Getty Images Crypto prices may have “found a floor” in recent weeks, JPMorgan said in a note on Monday.Bitcoin has jumped 36% from its mid-June low, while ether is up 102% over the same time frame.“We think the real driver has been the…
Monthly Archives: August 2022
Kicked off by widespread defaults on home mortgages, the Great Recession spread to engulf the banking industry, the stock market, and eventually the entire US economy. Ariel Skelley/Getty; Alyssa Powell/Insider The Great Recession, one of the worst economic declines in US history, officially lasted from December 2007 to June 2009.The collapse of the housing market…
Congress is considering banning its members — and their family members — from trading stocks. Kolderal via Getty Images US stocks ended mixed Monday as Nvidia’s revenue warning dragged down the tech sector. The chipmaker reported preliminary second-quarter sales that missed views, citing weak gaming demand. Elsewhere, meme stocks continued to rally, signaling retail investors…
Chairman of the Joint Chiefs of Staff Gen. Mark Milley. Kevin Dietsch/Getty Images Milley wrote a resignation letter ripping into Trump but never sent it, according to a new book. The top US general wrote that Trump was doing “great and irreparable harm” to the US. Milley also said Trump was “causing significant damage to…
Retailers have begun to embrace new opportunities and cater to consumer demands that have gained momentum since the start of the pandemic. A New Era in Retail and Ecommerce Is Emerging explores several developments that have kicked into high gear over the past 18 months, including: Purpose-driven brands taking center stageLivestream shopping catching on in…
Margin trading, also known as buying on margin — getting a loan from a broker to invest in securities —allows investors to buy more stocks, or greater numbers of shares, than they could afford to purchase outright. dima_sidelnikov/Getty Images Margin trading is the practice of borrowing money from your broker to buy stocks, bonds, or…
Juan Santa Cruz is one of the developers of Colette. His London restaurants serve high-profile and celebrity clientele. Photographer: Weston Wells A new ultra-luxury coworking space in New York will cost members $125,000 to join, plus $36,000 in yearly dues. The club, called Colette, will open in March and boasts views of the Plaza Hotel…
Local prosecutors in Georgia have targeted Rudy Giuliani in their investigation into efforts by Donald Trump and his allies to overturn the state’s 2020 election results. Spencer Platt/Getty Images Rudy Giuliani said a recent procedure prevented him from flying to testify before a grand jury. But local prosecutors in Georgia pointed to evidence he’d traveled…
A destroyed tank likely belonging to Russia / pro-Russian forces lies amidst rubble in the north of the ruined city of Mariupol on March 23, 2022. Maximilian Clarke/Getty Images Russia has seen as many as 80,000 casualties in Ukraine, according to a senior Pentagon official. Colin Kahl, the undersecretary of defense for policy, told reporters…
Elon Musk and David Sacks Getty Elon Musk’s social circle is pushing back against a flurry of subpoenas from Twitter. Last week, the company subpoenaed Musk’s associates, some of whom say they weren’t involved in the deal. David Sacks called Twitter’s legal requests “petty” and “vindictive.” Some of Silicon Valley’s biggest names have had some…