Yield Curve Aggressively Inverts as Ongoing Fed Hikes Barrel Economy Into a Recession
The closely-watched Treasury yield curve dipped to the lowest level since the 1980s Volcker era, signalling a recession is barrelling around the corner as the Federal Reserve remains aggressively faithful to reining in the highest inflation in over 40 years. The spread between the two-year and the 10-year yield has been situated in negative territory […]
Voyager Digital Returns To Bidding Process After FTX Bankruptcy
Voyager Digital shareholders have been kicked again. The firm has returned to evaluating strategic options for moving forward in the bankruptcy process after the firm that was expected to help salvage the company by buying all of Voyager’s crypto, FTX US, has now found itself within the bankruptcy process following a tumultuous week for the […]
DWAC Falls With Trump 2024 Losing Steam After Midterms
Like his loss in 2020, Former US President Donald Trump isn’t accepting that the predicted “red wave” in the midterm elections that would supposedly set up his comeback in 2024 did not materialize. He reportedly lashed out and blamed everyone but himself in this downfall, including either the Republican candidates he backed or the public […]
FTX Gets Hacked, Sees Crypto Holdings Disappear – “All funds seem to be gone. FTX apps are malware.”
There’s nothing quite like kicking someone when they’re down. It’s currently being reported that FTX is in the process of being hacked, with at least one admin of an FTX Community Chat on Telegram confirming the event. The Telegram admin, whom goes by the name Rey, commented, “FTX has been hacked. All funds seem to […]
JPMorgan: Bitcoin Could Crash 25% Amid FTX Contagion Crisis
The financial catastrophe currently imploding cryptocurrency exchange FTX is spilling over into the broader sector, threatening to take down the world’s largest digital token with it. According to a JPMorgan note seen by Business Insider, the bank’s analysts project bitcoin will plummet by at least 25% to $13,000 thanks to the FTX fallout that’s plaguing […]
Russia Responds To War-Induced Workforce Crunch By Easing Child Labor Restrictions
Russia has moved to amend labor laws to make it easier for teenagers as young as 14 years old to get part-time jobs. The country is grappling with a labor squeeze following the mobilization of 300,000 reservists for the unprovoked war in Ukraine. The ruling party’s legislators submitted the proposal citing a need to increase […]
Left-Wing Fundraising Group Launches ‘Don’t Run Joe’ Campaign Over Fears of 2024 Republican Victory
A left-wing activist group that fundraised for Joe Biden’s 2020 presidential campaign doesn’t want the aging president to run for a second term, citing his poor approval ratings and growing risk of losing to the Republicans. RootsAction, which also backed Senator Bernie Sanders during his 2016 presidential campaign, abruptly withdrew support for Biden’s potential 2024 […]
Canadian Regulators Call for More International Crypto Oversight, Investor Protection Following FTX Carnage
Canadian regulators are sounding the alarm over potential risks of investing in the crypto sector, calling on multi-jurisdictional oversight and additional consumer protections. Office of the Superintendent of Financial Institutions head Peter Routledge drew attention to the ongoing havoc FTX’s implosion is causing on the crypto sector and the need for more co-ordinated international regulatory […]
The US Is NOT In A Recession — With Sam Burns of Mill Street Research
Joining us on The Daily Dive today is Sam Burns, founder and chief strategist of Mill Street Research. Sam sits down with us to provide his outlook on inflation, the Fed, and his insights on why the US economy is currently not in recession, or at least not yet. Also discussed are the market sectors […]
Firm Vs. Founder: BlockFi Announces Pausing Withdrawals After COO Claims ”Fully Operational”
BlockFi announced that it would be ”limiting platform activity” following the uncertainty posed by the situation with embattled crypto exchange FTX. READ: The Binance-FTX Feud II: CZ Claims “No Debt”, SBF Says “I F*cked Up Twice” The crypto firm’s move includes ”pausing client withdrawals,” following FTX’s action of effectively halting withdrawals—as the firm faces liquidity […]