Sam Bankman-Fried became a self-made billionaire after launching a crypto-trading firm in 2017. On a podcast, he discussed a strategy that secured 10% daily returns on million-dollar trades. He also shared how correctly evaluating risk in cryptos can lead to moneymaking opportunities. See more stories on Insider’s business page. In the space of three and a half years, Sam Bankman-Fried […]
Chinese inflation data is expected on Friday, with the consumer price index and producer price index for March set to be out at around 9:30 a.m. HK/SIN. The S&P 500 on Wall Street saw its second straight record close overnight. In this article .NKXQ .AXJO .KS11 SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade, with the S&P […]
Britain’s Chancellor Rishi Sunak has been forced to publish text messages sent to former UK prime minister David Cameron relating to the disgraced Australian businessman Lex Greensill. Greensill Capital’s collapse has embroiled some of the British Conservative party’s biggest identities after it was revealed Cameron was advising the company and used his connections to personally message the Chancellor of the […]
Check out the companies making headlines in midday trading. Costco – The retailer's share price rose less than 1% after the company said same-store sales jumped 16% during March. Costco said that online sales rose 57.7% year over year, while net sales for the retail month of March came in at $18.21 billion, up from $15.49 billion in the same […]
The futures were mixed on Thursday after investors were focused Wednesday on the release of the Federal Reserve minutes from the March meeting, in which officials expressed patience in keeping the easy monetary policy in place, believing that it will be “some time” until its economic and price-stability goals are met. Top strategists across Wall Street continue to point to […]
As stocks sit at all-time highs, Cole Smead is warning of negative returns in the decade ahead. Smead pointed to the historically high percentage allocation to equities in household portfolios. He recommended investing in oil, shopping malls, and homebuilding. See more stories on Insider’s business page. Cole Smead was at his daughter’s softball game when yet another piece of anecdotal evidence […]
The second quarter is often a positive for stocks, said Sam Stovall, chief investment strategist at CFRA. This time, the economy is bouncing back from the pandemic, with consumer spending expected to increase at service and hospitality-focused businesses. Ethan Harris, Bank of America’s head of global economic research, forecasts economic growth of 10% in the second quarter. The nation's economic […]
Many of the filings said the companies had not published their 2020 full-year results by the end of March, some citing difficulties caused by the Covid-19 pandemic. Hence, shares of these companies had to be suspended from trading under Hong Kong's listing rules. In this article 2799-HK 3800-HK Shares of around 50 Hong Kong-listed companies were suspended from trading on […]
New York (CNN Business)Goldman Sachs will reportedly soon offer its private wealth management clients avenues to invest in bitcoin and other digital currencies. Mary Rich, who is about to become the new global head of digital assets for Goldman Sach’s private wealth management division, said in an interview with CNBC Wednesday that Goldman will begin offering cryptocurrencies to investors sometime […]
Latitude Financial chief executive Ahmed Fahour has set his sights on disrupting the big four bank’s dominant position in consumer finance, as the company gears up for its third attempt at a sharemarket listing. The non-bank lender, which is slated to float with a market value of $2.6 billion later in April, on Wednesday lodged its prospectus and said it […]
