Equity futures in Japan and China declined while Australian stocks fell. The S&P 500 slumped, ending a three-day advance. Earnings from Walt Disney Co. and News Corp. disappointed. The dollar held ...
Japan’s Nikkei retreats from two-month high as Nintendo, energy stocks weigh
Japan's Nikkei closed lower on Wednesday, after hitting a near two-month high in the last session, as Nintendo dropped on poor earnings, with cautious investors now awaiting U.S. inflation data to ...
Asia-Pacific markets set to fall ahead of U.S. inflation data
Shares in the Asia-Pacific are poised to fall Thursday ahead of U.S. CPI data and a day after U.S. midterm results.
Is This Crypto’s Lehman Moment?
But within the crypto world, it is already being referred to as the industry’s “Lehman moment” — a reference to the 2008 collapse of Lehman Brothers, which set off a global financial panic and made it ...
Fall of a Crypto Titan Puts an Industry on Edge
The rapid collapse of the cryptocurrency exchange built by the billionaire Sam Bankman-Fried suggests that no company in the freewheeling, loosely regulated crypto industry is safe.
Crypto’s white knight lost 94% of his wealth in a single day
Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the industry, is now in need of a bailout himself.
FTX’s collapse has thrown the crypto lobby a curve
Sam Bankman-Fried was angling to be a major player in Washington. Now his firm and his reputation are in tatters, and even crypto’s D.C. allies are asking questions.
Binance ditches deal to rescue rival crypto exchange FTX
We’ll send you a myFT Daily Digest email rounding up the latest FTX Trading Ltd news every morning. Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing ...
“Big Short” Michael Burry Says Crypto Crash Has One Reason
The legendary investor is not surprised by the recent crash in the cryptocurrency market.Investor Michael Burry has built his reputation by being skeptical of financial assets and products that arouse ...
BREAKING: crypto
We have seen over the last several years that the crypto ecosystem is becoming more resilient and we believe in time that outliers that misuse user funds will be weeded out by the free market. As ...
Crypto chaos continues as Binance drops bid to buy rival FTX
Binance, the world's largest crypto exchange, said it is dropping its offer to buy rival FTX after a review of the company turned up serious problems.
Japan’s Credit Ratings May Hinge on BOJ Policy Changes, S&P Says
Bank of Japan policy may become the most crucial element in deciding the nation’s creditworthiness, S&P Global Ratings said, suggesting the central bank’s action has the potential to trigger its first ...
COP27: Japan lead in first ‘fossil finance
By Godwin Oritse with agency report FOLLOWING its heavy financial commitment to Climate Change finance, Japan yesterday took the lead amongst other countries to clinch the ...
The fate of crypto mining is back on the table in New York
Governor Kathy Hochul faces an end-of-the-year deadline to sign or veto a crypto mining moratorium. Climate and clean energy goals hang in the balance.
Crypto Crash Deepens: Bitcoin Hits 2-Year Low After FTX Implosion
Bitcoin fell to $17,000 for the first time since November 2020, while Coinbase stock fell more than 20% since Monday.
Chinese crypto billionaire poised to acquire distressed rival says it’s not a ‘win’ and there’s ‘a lot of tough work ahead’
On Tuesday, the world’s largest crypto exchange Binance announced it signed a non-binding letter of intent to acquire one of its biggest rivals: FTX, headed by Sam Bankman-Fried. The man called ...