Monthly Archives: October 2022

More than one million credit card details leaked online

In an extremely sinister marketing stunt, a dark web carding marketplace called BidenCash has published the details of more than 1.2 million credit cards online. According to a BleepingComputer report, the database includes card numbers, expiration dates, CVV numbers, cardholder names, bank names, card types, physical addresses, email addresses, social security numbers and phone numbers….

There’s a new generation of investors gearing up to lead some of the world’s largest hedge funds as billionaire founders eye succession plans

Morning! Michelle Abrego here. Founders of the largest hedge funds are eyeing their legacy and appointing their successors. Before we dive into that, also on deck is a VC with a novel approach, what investors should know about President Joe Biden’s surprise move to reclassify cannabis, and the latest on Credit Suisse. And we have…

Friday’s jobs report signaled the labor market is still hot — probably too hot for the Fed — and that means stocks could be headed for new 2022 lows this month.

Good morning, readers. Hallam Bullock here, reporting from London after a wet and windy walk into the office. The forecast for stocks this month is equally bleak, according to Bank of America. But before we get into that, congratulations to former Federal Reserve Chair Ben Bernanke, Douglas Diamond, and Philip Dybvig, who were awared the…

Zelenskyy says Russia used Shahed ‘suicide drones’ it got from Iran in its barrage of attacks on Ukrainian cities

A view of the scene after several explosions rocked the Ukrainian capital, Kyiv on October 10, 2022. Viacheslav Ratynskyi/Anadolu Agency via Getty Images Ukraine said Russia used Iran-supplied drones in a blitz of attacks on cities on Monday. In a video address early Monday, Zelenskyy said the attack targeted citizens and infrastructure.  Iran started sending…

The Bank of England is ramping up its daily bond purchases and boosting liquidity to banks after the UK’s bond-market meltdown

The Bank of England is ramping up its emergency bond-buying program. Scott Olson/Business Insider The Bank of England announced a trio of measures Monday intended to help stabilize rocky markets. The central bank is boosting its daily bond purchases, and making more liquidity available to banks. The BoE launched a temporary bond-buying program after gilt…

Beijing officials praise Elon Musk for suggesting that Taiwan should become a ‘special administrative zone’

Chinese government officials have praised Elon Musk for his comments about Taiwan. Michael Gonzalez/Getty Images Chinese government officials have praised Elon Musk for his comments about Taiwan. Musk suggested that the country should become “a special administrative zone” similar to Hong Kong. China’s ambassador to the US, Qin Gang, tweeted to thank Musk for the…

Trump gave conflicting defenses about the Mar-a-Lago raid, claiming both that all the documents are ‘mine,’ and that some were planted

Former U.S. President Donald Trump speaks at a campaign rally on October 9, 2022 in Mesa, Arizona. Mario Tama/Getty Images Former President Donald Trump addressed the FBI’s Mar-a-Lago raid at an Arizona rally.  He said the FBI should give back what was taken, while also claiming material was planted.  Trump has baselessly sought to portray…

It is taking up to 2 weeks to inspect tankers carrying grain from Ukraine, causing a massive backlog of 150 ships

The Razoni was the first vessel to leave Ukraine under the UN agreement. YASIN AKGUL / Contributor / Getty 150 Ukrainian grain ships are waiting to be cleared by UN inspectors, the agency told Insider.  The progress of the grain ships has been closely monitored since the beginning of the Ukraine war. As one of…