Tag Archives: warns

Securities & Exchange Commission Chair Gary Gensler suggested Wednesday in an exclusive interview with Yahoo Finance Live failed crypto exchange FTX violated securities laws by using customer assets to trade at its affiliated hedge fund, Alameda Research. “I can’t speak to any one case or any one situation, but our securities laws say that you need to properly segregate customer funds,” Gensler said. “You also shouldn’t be running a broker dealer or a hedge fund, and an exchange. The New York… Source link

December 6 Update below. This post was originally published on December 4 Google has confirmed yet another zero-day vulnerability impacting the Chrome web browser client, the ninth this year. In a posting to the official Chrome releases blog, Google states that users of Chrome on the Windows, Mac, and Linux platforms as well as Android, are impacted by the high-severity CVE-2022-4262 0day security vulnerability. An urgent update has started rolling out across all platforms, and Google is… Source link

The global economic outlook for 2023 is murky at best, economists at Citi warn. “As we survey the prospects for the global economy, we see many reasons for concern, including continued challenges from the pandemic and the Russia-Ukraine war, high inflation, and headwinds from central bank rate hikes,” Citi chief economist Nathan Sheets wrote in a client note Wednesday. “Reflecting these factors, the global economy is likely to endure ‘rolling’ country-level recessions during the coming… Source link

Disney (DIS) shares rose Monday following news Bob Iger replaced Bob Chapek as CEO, effective immediately. And the longtime CEO’s impact is already being felt upon his return. On Monday, Iger made his first big move as CEO — firing Kareem Daniel and restructuring Disney’s Media and Entertainment Distribution (DMED) division. DMED was one of Chapek’s first big swings as chief executive, but the reorganization was categorized as a controversial move that upset longtime veterans and reportedly… Source link

Core Scientific (CORZ) will not make debt payments due in October and November, according to a new securities filing. Shares of the bitcoin mining company were down as much as 76% on Thursday morning. Core said it’s exploring alternatives to its capital structure and is working with financial and legal advisers but noted that it might have to file for bankruptcy. — in which case common stock holders would completely lose their investments. “Given the uncertainty regarding the Company’s… Source link

An economic slowdown that triggered a tsunami of unsold inventory at various companies may have proved lethal for corporate America’s third-quarter earnings and, soon, forward guidance. At least, that’s what the strategy team at Morgan Stanley warned in a new note out on Monday. “Our U.S. Equity Strategy team sees inventory as a key risk to earnings — oversupply and lagging demand are likely to weigh on margins,” the note stated. “The problem with inventory is twofold — supply chain… Source link

Google has released a documentary video series on YouTube called Hacking Google. No, it’s not a masterclass in breaching security defenses at Google, but rather an insight into how security teams within Google protect the business from cyber attacks: the Threat Analysis Group, Project Zero, and the Red Team. The latter actually does hack Google, or attempt to, using the same techniques that real attackers would. There are six episodes in all, none of which run for longer than 20… Source link

Investors should pray for a mild recession from the Fed’s aggressive interest rate hikes, according to Harvard University professor of economics and author Ken Rogoff, because it could get much worse. “The dollar is very strong, and interest rates are rising very fast,” Rogoff said on Yahoo Finance Live (video above). “So I think the idea that it’s going to be a really mild recession, if that, would be lucky. I’d say it’s going to be a tough trade-off for the Fed once the numbers start… Source link

Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names Easy monetary policy might seem fun at the beginning, but it has consequences. While asset prices shot up in 2020 and 2021, they pulled back substantially in 2022. Meanwhile, inflation remains near 40-year highs and the Fed has to raise interest rates aggressively to bring price levels under control. “We printed up too much money, and… Source link

NEW YORK — United Nations Secretary-General António Guterres warned that war, famine and climate change are setting the stage for “a winter of global discontent” in his remarks opening the U.N. General Assembly on Tuesday morning. Speaking to a crowd that included heads of state, many of whom will address the General Assembly this week, Guterres warned that these and other ills, including global inflation and growing economic inequality, pose acute challenges demanding swift action. But he… Source link