FTX held just $900 million in easy-to-sell assets but $9 billion in liabilities the day before it imploded, report says

FTX Cryptocurrency exchange CEO Gabe Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. Tom Williams/CQ-Roll Call via Getty Images FTX held $900 million in liquid assets but $9 billion of liabilities on its balance sheet, per the FT. The biggest part of those assets was $470 million of Robinhood shares, the FT…

Today’s mortgage and refinance rates: November 14, 2022 | Rates hold steady after last week’s drop

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Last week was a good week for mortgage rates, and they’re holding…

SpaceX buys large Twitter ad campaign for Starlink as advertisers pause spending after Elon Musk’s takeover, report says

SpaceX CEO and Twitter owner Elon Musk next to a Falcon 9 launch. REUTERS/Mike Brown/Getty Images SpaceX bought one of the biggest ad campaigns on Twitter for its Starlink service, CNBC reported. The Twitter ad package can cost companies at least $250,000, sources told CNBC. It comes after some companies suspended advertising on Twitter since…

The Lehman Brothers of Crypto: Here’s how the fall of Sam Bankman-Fried’s FTX compares to the collapse that sparked the Great Financial Crisis

Welcome back to Opening Bell, team. I’m Phil Rosen. In light of all the crypto hubbub last week, today we’re skipping the econ lesson and pivoting instead to history.  You’ve seen the movie “The Big Short,” right? It gives maybe the clearest, most entertaining breakdown of how many, many very bad bets on subprime mortgages…

Pence blasts Trump over January 6 in harshest comments yet: ‘He endangered me and my family’

Donald Trump and former Vice President Mike Pence in the Brady Briefing Room at the White House on April 2, 2020. MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images Mike Pence blasted Trump’s words and actions on January 6, 2021, in a new interview. Pence was “angered” when Trump targeted him in…

Mark Cuban says investors aren’t facing another dot-com crash – and shrugs off Elon Musk’s rocky start at Twitter

Mark Cuban. Michael Cohen/Getty Images for The New York Times Mark Cuban drew a line between the dot-com bust and the decline in tech stocks this year. There were more questionable businesses then, whereas this tech boom was fueled by easy money. Cuban also discussed how Elon Musk may be putting Twitter on a better…

A secretive US Space Force unmanned craft landed after almost 2.5 years in orbit

Space Force’s X37-B unmanned spacecraft at NASA’s Kennedy Space Center, Florida, Nov. 12. 2022. U.S. Air Force/Staff Sgt. Adam Shank US Space Force landed the latest of its X-37 unmanned crafts on Saturday, after 908 days in orbit.  It entered the atmosphere with a sonic bomb at 5 a.m., startling locals who weren’t expecting it. …