Markets
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Former crypto CEO Do Kwon reported arrested in Montenegro says country’s Minister of Interior
Do Kwon, the former CEO of Terraform Labs, which issued a crashed stablecoin, has allegedly been arrested in Montenegro, according to the country’s Minister of Interior, Filip Adzec, who tweeted about it on Thursday morning. “The former “cryptocurrency king”, who is behind losses of more than 40 billion dollars, was detained at the Podgorica airport…
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U.S. new home sales rise for third straight month by 1.1% in February
This version corrects how many months in a row new home sales have risen. The numbers: A dip in mortgage rates propelled U.S. home buyers to purchase new homes, boosting sales. The strength in new home sales is due to the low number of options buyers have with previously owned homes. New home sales rose…
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Block’s stock tumbles after short seller issues report
U.S. short seller Hindenburg Research touted Block Inc. as its latest bearish target Thursday. Shares of the company, which is the parent of Square and the Cash App, were down about 17% shortly after Thursday’s open. Block’s stock SQ, -15.24% was on track for its largest single-day percentage decline since March 16, 2020, when it…
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A shocking number of veterans are getting scammed out of their assets—here are some of the common frauds
As aging World War II veteran Johnnie Ray Toland started showing signs of Alzheimer’s, his family began searching for an assisted living home to care for him. Staff members at one home introduced the family to Tammi Palasini. Palasini, who would later be sentenced to 20 years behind bars for various crimes, including fraud, convinced the Toland…
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CLK23 | Crude Oil May 2023 Overview
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The 2023 Porsche Taycan: an electrifying drive in more ways than one
The 2023 Porsche Taycan luxury car is an electrifying drive in more ways than one. Pricing starts at $86,700. Available as a sedan or wagon-like Sport Turismo/Cross Turismo versions, the 2023 Taycan blends Porsche POAHY, +0.72% prestige and dynamics with all-electric, zero-emissions drivetrains. It’s the company’s first all-electric car, having made its debut for the…
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On ‘hush trips,’ employees sneak off to vacation spots to work remotely. Is that so bad?
Emily Smith was working two jobs — at a hotel and at a retail store — when she realized she was in dire need of a break. Smith, based in Vancouver, B.C., says her employers didn’t usually approve of her vacation days, so she invented a fake family emergency, claiming she’d need to work from…
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Dow ends 530 points lower after Fed delivers quarter-point rate hike despite banking system stress
U.S. stocks finished sharply lower in volatile trade on Wednesday after the Federal Reserve raised interest rates by another 25 basis points, while noting that policymakers weren’t penciling in rate cuts this year. The decisions came despite recent stress in the banking industry following the collapse of two U.S. regional banks. How stock indexes traded…
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ALB Stock Price | Albemarle Corp. Stock Quote (U.S.: NYSE)
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2-year Treasury yield dives to one of lowest levels of year after Fed decision
Most Treasury yields dived on Wednesday after Federal Reserve policy makers signaled just one additional interest rate hike will be appropriate this year and Chairman Jerome Powell addressed banking-system concerns during his press conference. Meanwhile, Treasury Secretary Janet Yellen weighed in separately, by saying her agency hasn’t looked at expanding FDIC deposit insurance. What happened…