Tag Archives: triggers

Crypto.com’s errant $405M transaction triggers investors after FTX fiasco

Crypto.com’s errant $405M transaction triggers investors after FTX fiasco

Crypto exchange Crypto.com is under the microscope after sending $405 million to the wrong recipient, raising alarm bells among crypto watchers after the whirlwind unraveling this week of competitor exchange FTX, which filed for bankruptcy on Friday. Some crypto watchers scrutinizing the transaction speculated it was an attempt to fluff trading volumes. Complicating the hoopla, the analyst who first caught the transaction turned out to be an employee of rival exchange, Coinbase. It also… Source link

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There’s a nearly 75% chance the Fed triggers a US recession within 2 years, which could cost Biden re-election, new study says

There’s a nearly 75% chance the Fed triggers a US recession within 2 years, which could cost Biden re-election, new study says

President Joe Biden.MANDEL NGAN/AFP via Getty Images There’s a 72% chance the Federal Reserve could cause a recession by 2024, Bloomberg Economics says. In February, the same models forecasted nearly zero chance of a downturn by that time. The latest forecast came after the central bank made its largest interest rate hike since 1994 to combat inflation. The odds that the US economy will fall into a recession by early 2024 have soared to nearly three-in-four in just a few months as the Federal… Source link

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Match Group Google Play Store complaint triggers Dutch antitrust probe – TechCrunch

Match Group Google Play Store complaint triggers Dutch antitrust probe – TechCrunch

A competition complaint against Google’s Android Play Store by Match Group, the company which owns Tinder and a number of other dating apps, has led to a preliminary investigation by the Netherlands’ Authority for Consumers and Markets (ACM) into whether the tech giant is abusing a dominant position, the regulator said today. Match Group declined to comment on the substance of its complaint — but the ACM confirmed it has received “a request for enforcement regarding the Google… Source link

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Utah State alley-oop turned 3-pointer triggers confusion

Utah State’s Max Shulga may be the only basketball player to have a halfcourt shot counted as two points, however briefly.  Shulga’s halfcourt heave turned into a bizarre rulebook controversy on Tuesday during a game against Portland State, all thanks to a question of his intent with the shot. As you can see, Shulga seemed to be throwing up an alley-oop for teammate Brandon Horvath, only for the ball to go in: Per Utah State radio staffer Ajay Salvesen, the officials told Aggies athletic… Source link

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Evergrande crisis triggers this short-term stock market sell signal

The financial crisis gripping major Chinese property developer Evergrande has triggered a sharp turn in broader stock market sentiment, as seen by the S&P 500 dropping below its key 50-day moving average.  With news of the Evergrande debacle gaining steam last Friday, the S&P 500 closed the session below the 50-day moving average for the first time since June. The tenuous situation of Evergrande — which includes potential missed debt repayments — gained steam over the weekend and caused… Source link

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The GameStop phenomenon triggers potential restrictions in corporate America

The GameStop phenomenon hit corporate America in the coffers this week. On Sept. 16, MassMutual paid a $4 million fine to settle a litigation with Massachusetts securities regulators, according to a Wall Street Journal report.  The financial-services company got busted for not properly supervising Keith Gill, the 34-year-old MassMutual employee and YouTuber, who went by the alias “Roaring Kitty” on social media. Gill gained a cult-like following among retail investors on Reddit for posting… Source link

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Delta variant triggers ‘dramatic spike’ in cases, Texas hospitals ‘are sounding the alarm’: physician

As the highly transmissible Delta variant spreads, Texas currently accounts for nearly 15% of the country’s COVID-19 hospitalizations. A surge in patients has pushed some hospital systems to their limits, with several quickly running out of ICU beds. “Hospitals across Texas are sounding the alarm in ways we have not seen in the other surges,” Dr. Sara Andrabi, assistant professor of emergency medicine at Baylor College of Medicine, told Yahoo Finance Live. “There are more than 10,000… Source link

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Tiger Cub Archegos Liquidation Triggers Record Crash in Discovery, ViacomCBS – Sources

TipRanks These 2 EV Stocks Have Over 100% Upside on the Horizon, Says Analyst They say that politics are downstream from culture – but so are the stock markets. And sometimes, culture informs our investment decisions in ways that we could never have predicted just a decade earlier. The electric vehicle sector is one such sector, in the early stages of its takeoff. EVs are more than just the flagship of an environmentalist’s wish list. They are the showboats of new automotive technology,… Source link

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Bitcoin mania triggers fundraising rush by Chinese players

By Samuel Shen and Alun John SHANGHAI/HONG KONG (Reuters) – Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector. From large listed companies tapping public markets to smaller players raising funds from venture capitalists, a jump in cryptocurrency prices and signs of growing acceptance of the technology by mainstream institutions have fed the market boom. Chinese bitcoin mining machine… Source link

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