Genesis Trading, one of the largest crypto lending institutions, said it’s temporarily suspending redemptions and new loan originations in its lending business. The development is one more blow to crypto credit markets and sent bitcoin’s value down. The company said on a Wednesday call with clients that it’s working to find a solution for its lending business and is pushing to present proposals next week. The announcement comes as yet another ripple effect from the bankruptcy of major crypto… Source link
Read More »The Battle for the Top EV Manufacturer is Only Just Beginning
Vancouver, Kelowna, and Delta, British Columbia–(Newsfile Corp. – November 16, 2022) – Investor Ideas Investorideas.com, a leading investor resource covering EV stocks releases a special news report on the continued growth within the sector, despite supply chain and resource issues. As the sector gains more momentum, more competition is coming to market up against favored EV manufacturer Tesla, from both domestic and international companies. Read the full EV stocks article on… Source link
Read More »‘Organized retail crime’ drove astounding $400 million loss in profits this year
Target stores are getting looted, and it’s taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022. “There’s a handful of things that can drive shrink in our business and theft is certainly a key driver,” Target CFO Michael Fiddelke said. “We know we’re not alone across retail in seeing a… Source link
Read More »The downfall of the ‘king of crypto’ could reverberate for years: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, Nov. 16, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Trust is a vital element in investing — stocks, bonds, you name it. I trusted Walmart when it reported Tuesday that… Source link
Read More »The RSM Classic Picks and Strategy
The RSM Classic St. Simons Island, GeorgiaSea Island Golf Club (Seaside Course) – Par 70 – 7,005 yardsSea Island Golf Club (Plantation Course) – Par 72 – 7,060 yardsField – 156 entrantsPurse – $8.1M The Preview The “GOLF” icon in Yahoo’s DFS lobby is emboldened one final time in 2022 as the RSM Classic serves as your final chance to grind out a cut sweat until after the turn of the calendar year. Sea Island Golf Club’s Seaside Course once again plays host to the event, with the Plantation… Source link
Read More »Hot Ones, Chargers/49ers recap & Deebo Samuel interview
Subscribe to the Yahoo Fantasy Football Forecast Matt Harmon and Los Angeles Chargers RB Austin Ekeler sit down for another great episode of Ekeler’s Edge, this time on the heels of Austin and his Chargers’ teammates appearing on a special edition of Hot Ones. Austin recapped the experience, talking about why he was so sweaty and why everyone thinks it was fake. After that, the guys get into football by talking about the Chargers’ loss on Sunday night football to the San Francisco 49ers…. Source link
Read More »Hot Ones, Chargers/49ers recap & Deebo Samuel interview
Subscribe to the Yahoo Fantasy Football Forecast Matt Harmon and Los Angeles Chargers RB Austin Ekeler sit down for another great episode of Ekeler’s Edge, this time on the heels of Austin and his Chargers’ teammates appearing on a special edition of Hot Ones. Austin recapped the experience, talking about why he was so sweaty and why everyone thinks it was fake. After that, the guys get into football by talking about the Chargers’ loss on Sunday night football to the San Francisco 49ers…. Source link
Read More »NBA DFS Picks: Yahoo plays and strategy for Tues., Nov. 15
Domantas Sabonis is among the players to watch in Monday’s Nets-Kings game. Tuesday brings five games across the NBA that will contain plenty of star power. The first game of the night is a battle between two Western Conference teams with playoff aspirations, with the Pelicans hosting the Grizzlies. The big news in that game is that Jaren Jackson Jr. (foot) is expected to make his season debut. However, it’s not all positive for the Grizzlies considering Desmond Bane (toe) is out… Source link
Read More »FTX has ‘Ponzi scheme-like behavior’
Sen. Cynthia Lummis (R-WY) likened some aspects of FTX’s collapse to a Ponzi scheme, with the crypto exchange’s bankruptcy prompting her to review the crypto regulation bill she and Sen. Kirsten Gillibrand (D-NY) put forth in June. “Certainly when you’re taking customer assets out of FTX, sending them over to shore up Alameda, that’s co-mingling assets that belong to your customers, that you are custody-ing for them— taking them and using them for your own purposes— borrowing from… Source link
Read More »‘He can do whatever he likes’
The Biden administration isn’t ruffled by a potential Trump presidential run in 2024, according to U.S. Transportation Secretary Pete Buttigieg. “He can do whatever he likes,” Buttigieg told Yahoo Finance Live, declining to say Trump’s name. Buttigieg added the Biden administration is “working on getting results for people” by getting inflation under control and jumpstarting investment in the country. The tone may be very different from the Trump camp Tuesday evening. Trump is poised to make a… Source link
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