Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise

Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images The boss of cryptocurrency exchange Crypto.com took to YouTube Monday to reassure users of his platform after the stunning collapse of rival firm FTX sparked fears of a market contagion. In an “AMA”…

It may be one of the last countries to let travelers in — and it’s not China

In 2008, the national anthems of both North Korea and the United States resonated throughout the East Pyongyang Grand Theatre — echoing hopes of a thawing relationship between the countries. The curtains have since long closed on these hopes. The historic concert, performed by the New York Philharmonic is one of Mark Edward Harris’ favorite…

Why egg prices are surging — but chicken prices are falling: It’s an ‘act of God’ event, says trade strategist

A shopper checks a carton of eggs at a San Francisco grocery store on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Which (price change) came first, the chicken or the egg? Grocery prices are increasing at their fastest pace in decades — none more so than eggs. Yet chicken prices fell…

Leading through layoffs: How to manage workers on their way out — and those who stay

High-profile layoffs at Meta and Twitter and planned cuts at Disney have heightened concerns on the part of managers and senior executives at employers nationwide who are struggling with how to lead a team through a round of corporate downsizing.  How a company handles a layoff can have a major impact on its future success….

Can I Be Claimed as a Dependent While Earning NIL Income?

College athletes scored a win in 2021 when the NCAA changed its policy, granting student-athletes the right to profit from their name, image, and likeness (NIL). But can you still be claimed as a dependent if you earn NIL compensation? We’ve gathered some basic questions about NIL and how it could affect your taxes and…

Why Taylor Swift, Bruce Springsteen tickets will be more expensive and tougher to get

In this article LYV Follow your favorite stocksCREATE FREE ACCOUNT Terry Wyatt | Getty Images Entertainment | Getty Images Hundreds of thousands of Taylor Swift fans will closely be checking their phones Monday night, waiting to see if they’ve been chosen by Ticketmaster’s Verified Fan system to buy tickets to the pop star and singer-songwriter’s…

Ford vs. GM: Same industry, two increasingly different companies

In this article F GM Follow your favorite stocksCREATE FREE ACCOUNT Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than…

‘Black Panther: Wakanda Forever’ eyes $180 million opening weekend, highest November debut ever

Marvel Studios’ “Black Panther: Wakanda Forever.” Disney Disney and Marvel Studios’ “Black Panther: Wakanda Forever” snared an estimated $180 million during its domestic debut, earning it the record for the biggest opener in the month of November and the second-highest opener of 2022. The long-awaited sequel to the 2018 smash hit “Black Panther” generated strong…

FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus…

‘Huge regime shift’: Active managers see boost from the energy trade

In this article .SPX Follow your favorite stocksCREATE FREE ACCOUNT This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew Beer is in the space. He co-runs the iMGP DBi Managed Futures Strategy…

Mark Cuban reveals the 14-second pitch he used to make money at his first sales job

Some kids make extra cash running lemonade stands. A 12-year-old Mark Cuban sold trash bags door-to-door. The billionaire serial entrepreneur and Dallas Mavericks owner recently told GQ magazine that a family friend gave him the opportunity, marking his first-ever sales job. The friend sold Cuban boxes of trash bags for $3, so Cuban could turn…