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Monthly Archives: November 2022

Scaramucci talks FTX, Sam Bankman-Fried and ‘the worst week in cryptocurrency history’

Anthony Scaramucci, the founder of SkyBridge Capital and short-time Trump communications director, spoke on CNBC’s Squawk Box Friday morning about friend and business partner Sam Bankman-Fried, the CEO of the crumbling crypto exchange FTX. FTX, which took a 30% stake in Scarmucci’s SkyBridge Capital in September, is facing potential bankruptcy …

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Walgreens, Intel, US Bancorp and more

Check out the companies making headlines before the bell: Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hold. Following a recent meeting with management, the firm said it is increasingly confident in Walgreens’ strategy to transition …

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Investors lost more than $2 trillion since

An attendee wears a “Will Work for NFTs” shirt during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of the blockchain, crypto, NFT, and Web 3 ecosystems, and their wide-reaching effect on commerce, culture, and communities. Jordan Vonderhaar | …

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Southeast Asia leaders kick off ASEAN summit in Cambodia

From L-R: Philippines’ President Ferdinand Marcos Jr, Singapore’s Prime Minister Lee Hsien Loong, Thailand’s Prime Minister Prayut Chan-o-cha, Vietnams Prime Minister Pham Minh Chinh, Cambodia’s Prime Minister Hun Sen, Indonesias President Joko Widodo, Sultan of Brunei Hassanal Bolkiah, Laos’ Prime Minister Phankham Viphavanh and Malaysia’s lower house speaker Azhar Azizan …

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Businesses ‘running out of fight’; UK recession fears mount as GDP contracts

U.K. businesses are bracing for a difficult winter amid soaring inflation and higher energy bills. Andrew Matthews – Pa Images | Pa Images | Getty Images LONDON — The doors to The 25, a Torquay-based boutique bed and breakfast on the U.K.’s southwest coast, are now closed for the winter …

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UK on the brink of recession after economy contracts by 0.2% in the third quarter

The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago. Huw Fairclough | Getty Images News | Getty Images LONDON — The U.K. economy contracted by 0.2% in the third quarter of 2022, signaling what could be the start of …

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Fed officials welcome October CPI but still see tighter policy ahead

Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Federal Reserve officials welcomed Thursday’s news showing that inflation rose less than expected last month, and they noted that interest rate increases could slow ahead. But they …

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China trims Covid quarantine time by two days

China’s Covid outbreak is at its worst in about half a year. Residents of Hohhot, Inner Mongolia, are pictured here lining up for regular virus testing in their community on Nov. 10, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China reduced the quarantine time for international …

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Global shipping industry faces a new problem — too many containers

Trends in global supply chains continue to flip as container prices fall and container depots fill up, logistics data show. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too …

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I no longer advocate that you should sell Activision Blizzard

Advanced Micro Devices Inc: “We’ve cut the position back for my Charitable Trust. … We’re happy and content to leave the rest and let it run up $8 today.” Medtronic PLC: “I can’t recommend it. … There are many better healthcare stocks out there.” Activision Blizzard Inc: “I actually think …

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