Monthly Archives: November 2022

The dollar’s dominance has peaked now that inflation is falling and Fed tightening has been priced in, State Street strategist says

The dollar’s dominance looks set to wane with the Federal Reserve likely to start easing up on its tightening campaign, according, according to State Street. SOPA images The US dollar has jumped 12% this year, led higher by Federal Reserve interest rate hikes. But the greenback now looks “extremely overvalued,” according to a State Street…

Ex-Tesla and SpaceX managers say Elon Musk’s commitment to his companies is often inspirational but can also turn toxic

Twitter owner Elon Musk. Yasin Ozturk/Anadolu Agency via Getty Images Some of Elon Musk’s former colleagues have highlighted his loyalty to his firms, per the NYT. Ex-SpaceX and Tesla workers said his commitment was often inspirational. It could also create a culture of fear and scapegoating, they told the outlet. Former Tesla and SpaceX managers…

Elon Musk says it’s ‘not unreasonable’ to want weekly updates from Twitter staff to know if ‘anything was accomplished’

Elon Musk took over Twitter on October 27. Muhammed Selim Korkutata / Anadolu Agency Elon Musk said it’s “not unreasonable” for Twitter staff to give weekly updates about their work.  The comment came after an Insider report on an email sent by Musk to Twitter staff on Monday. The email demanded staff provide updates on…

Here are the top 4 business stories right now — take a listen

Alex Jones. Tyler Sizemore/Hearst Connecticut Media via AP, Pool In this edition: Musk loses billions, FTX spent lavishly on real estate, Alex Jones moves millions, and the Chrisleys get sentenced.  Market News from Insider briefs you on the most important business stories of the day, updated as news happens. Follow our newscast throughout the market…

Crypto brokerage Genesis is reportedly warning of bankruptcy without new funding, following liquidity crunch triggered by FTX collapse

(Photo illustration by Jonathan Raa/NurPhoto via Getty Images) Genesis is warning potential investors it may need to file for bankruptcy if it’s unable to raise funding for its lending unit, Bloomberg reported.  The crypto brokerage has been seeking at least $1 billion in fresh capital, said the report that cited unnamed sources.  “We have no…