Last year, the euro suffered a psychological barrier in the financial markets after it plummeted below parity with the U.S. dollar and cratered to its lowest level in about 20 years. From inflation to an energy crisis to recession fears, investors were ultra-bearish on the currency. In the first few weeks of 2023, however, the…
Mild Winter, Weaker US Dollar Support Euro Rally, as Analysts Abandon Bearish Outlook
Tesla CEO Elon Musk Faces Trial in Shareholder Case Over Tweets in 2018
January 18, 2023
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A trial is set to start over a class-action lawsuit regarding whether Tesla CEO Elon Musk knowingly misled investors by claiming that funding was “secured” to take the company private in 2018. After closing the deal to purchase Twitter in October 2022, the Tesla CEO now has to face his earlier statements on the same social…
Moving in the Dead of Winter? A New Study Finds It’s the Best Time for Bargains
If you live in the Northeast or Midwest, the last thing you might want to do is head out in the freezing cold looking for a new apartment. However, a new study by Dwellsy indicates January and February are actually the best months of the year to secure discounts on rentals as well as moving…
Britishvolt, Key to UK’s Electric Car Ambitions, Falls Into Administration
January 17, 2023
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Britishvolt, an electric car battery company once praised by former Prime Minister Boris Johnson, has fallen into administration and made the majority of its 300 staff redundant. The company had been promising to build a £3.8 billion gigafactory producing batteries for electric cars in Blyth, Northumberland. But the project ran into serious difficulties months ago…
SEC Crackdown on Crypto Continues With Charges Filed Against Gemini and Genesis
The Securities and Exchange Commission (SEC) is going after some of the largest crypto companies, by filing charges against Gemini and Genesis. The federal government’s legal crackdown on crypto is expanding, as the SEC charged some of the biggest names in the industry of operating illegal lending services on Jan. 12. The SEC and the…
Major Banks Beat Earnings Forecasts, but Recession Fears Increase
January 13, 2023
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Major American banks beat their earnings forecasts, but recession fears are beginning to mount. JPMorgan Chase, Bank of America, Citigroup, and asset management giant BlackRock reported positive forecasts on Jan. 13, but many investors were still left disappointed. The banks managed to beat Wall Street’s reduced expectations for their fourth-quarter results, as higher interest rates boosted…
Tech Investor Cathie Wood and Misplaced Criticism
Commentary Growth investor Cathie Wood, CEO of ARK Investment Management, has endured a lot of criticism for the investment performance of her funds in 2022 and her unbridled evangelism of technology firms. Wood’s biggest fund, the ARK Innovation exchange-traded fund (ARKK), declined 67 percent during 2022. Comparatively, that’s twice the negative 33 percent return of…
What Is Real Estate Project Finance?
January 13, 2023
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Finding finance for real estate projects can be a challenging process, but it is an essential step toward ensuring the success of the project. There are various finance methods available, and it is important to carefully consider all options to determine which specific method suits your investment goals and financial situation. Here we discuss the…
Reps. Roy, Spanberger Reintroduce Bill Banning Members of Congress From Trading Stocks While in Office
January 13, 2023
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Reps. Abigail Spanberger (D-Va.) and Chip Roy (R-Texas) have reintroduced legislation effectively banning members of Congress—as well as their spouses and dependent children—from trading stocks while they are in office. The bipartisan duo of lawmakers introduced the new bill, titled the “Transparent Representation Upholding Service and Trust (TRUST) in Congress Act,” on Jan. 12. Originally proposed in June 2020…
Sam Bankman-Fried Issues First Response to FTX Case: ‘I Didn’t Steal Funds’
January 13, 2023
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The founder and former CEO of FTX, Sam Bankman-Fried, promised that customers could get their money back in his first statement since his arrest in the Bahamas. “I didn’t steal funds, and I certainly didn’t stash billions away,” Bankman-Fried said in a Jan. 12th statement on his Substack blog, titled “FTX Pre-Mortem Overview.” “No funds were…
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