Editor’s Picks
Money Traders’ Tactics Impact Wall Street Dynamics
The ongoing two-month selloff in US stocks is poised to intensify further as a combination of factors, including the stance of options dealers on Wall...
JetBlue Airways Faces Q3 Revenue Challenges
On Thursday, JetBlue Airways, a major US carrier, issued a cautionary statement regarding its third-quarter (Q3) revenue, indicating that it was likely to land at...
Kraken Dives into Listed Stocks and ETFs Trading
In a strategic move to diversify its portfolio, cryptocurrency exchange giant Kraken is set to venture into the realm of traditional finance by offering trading...
Spending Slowdown: BofA Credit Cards Show Impact
Bank of America (BofA) recently released new data indicating a 0.3% decrease in spending on its credit cards for the week ending September 23, compared...
EIA Forecasts 1% Drop in Electricity Prices
In a recent revelation, the Energy Information Administration (EIA) has forecasted a noteworthy 1% drop in US residential electricity prices for the upcoming year. This...
Silicon Valley Bank: OIG Exposes Oversight Failures
The Federal Reserve’s Office of Inspector General (OIG) released a scathing report on Thursday, highlighting failures by the Federal Reserve Board and the Federal Reserve...
Government Shutdown Threat Looms for Biden Administration
In the event of an impending government shutdown, the Biden administration has confirmed that a crucial flow of economic data will abruptly cease, potentially affecting...
Sam Bankman-Fried Faces Lengthy Sentence, Judge Warns
Indicted founder of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, could be looking at an extended sentence if convicted, U.S. District Judge Lewis Kaplan cautioned...
Chicago Fed President Goolsbee Addresses Inflation Concerns
Chicago Fed President Austan Goolsbee affirmed on Thursday the Federal Reserve’s unwavering dedication to combat inflation, emphasizing the central bank’s capacity to curtail rising prices...
OpenAI and Jony Ive Forge Historic Alliance for AI Breakthroughs
OpenAI, renowned for its creation of chatGPT, has entered into advanced discussions with former Apple design luminary Jony Ive and SoftBank’s CEO, Masayoshi Son, with...
