Binance’s rescue of FTX shows no crypto company is ‘too big to fail,’ experts say

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Binance CEO Changpeng Zhao speaking at a press conference during Web Summit 2022. Ben Mcshane | Sportsfile | Getty Images Binance’s agreement to salvage rival cryptocurrency exchange FTX from collapse shows how no one is safe from the chill of crypto winter, according to industry…

Stocks making the biggest moves midday: Lyft, Tripadvisor, Take-Two Interactive and more

In this article TTWO TRIP LYFT Follow your favorite stocksCREATE FREE ACCOUNT The TripAdvisor Inc. application is seen in the App Store on an Apple Inc. iPhone. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft plummeted 22.9% after the company’s earnings report…

China’s Covid controls are hurting more of the economy

Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the country from stamping out the virus and relaxing controls. The daily case count surged to six-month highs over the weekend. Guangzhou indefinitely delayed its…

Alibaba’s international arm is spending millions to expand into South Korea

Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nurphoto | Getty Images BEIJING — Alibaba‘s international e-commerce business AliExpress is spending the equivalent of $7 million to reach consumers in South Korea, the unit…

Stocks making the biggest moves in the premarket: BioNTech, Meta, Apple, Ouster and more

Take a look at some of the biggest movers in the premarket: BioNTech (BNTX) – The drugmaker’s shares slid 3.4% in the premarket despite reporting better-than-expected quarterly profit and revenue. Results were down sharply from a year ago, with both profit and revenue off more than 40% from 2021’s third quarter. Berkshire Hathaway (BRK.b) –…

The K-pop ETF hasn’t been doing well, but its creator says Korean content is at an ‘inflection point’

In this article KPOP Follow your favorite stocksCREATE FREE ACCOUNT K-pop girl group BlackPink performed at The Late Late Show with James Corden airing Thursday, April 18, 2019. (Photo by Terence Patrick/CBS via Getty Images) Cbs Photo Archive | Cbs | Getty Images The creator behind the new exchange-traded fund aimed at converting global fans…

Stocks making the biggest moves premarket: DraftKings, Cinemark, Hershey and more

In this article SBUX HSY CNK DKNG Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: DraftKings (DKNG) – DraftKings fell 12.5% in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. The sports betting company also raised its revenue guidance and warned…

Berkshire Hathaway’s operating earnings jump 20%, conglomerate buys back another $1 billion in stock

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, while Warren Buffett kept buying back his stock at a modest pace. The Omaha-based conglomerate’s…

Stability in a volatile market? Inside an S&P 500 ETF delivering double-digit percentage dividends

In this article JPM .SPX Follow your favorite stocksCREATE FREE ACCOUNT Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&P 500 options and proprietary data to generate monthly income for investors. The…

Web inventor Tim Berners-Lee wants us to ‘ignore’ Web3: ‘Web3 is not the web at all’

Sir Tim Berners-Lee, co-founder and chief technology of Inrupt, speaking at Web Summit 2022. Sam Barnes | Sportsfile via Getty Images LISBON, Portugal — The creator of the web isn’t sold on crypto visionaries’ plan for its future and says we should “ignore” it. Tim Berners-Lee, the British computer scientist credited with inventing the World…

Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more

In this article SBUX FNKO PYPL BABA 9626-HK BILI 9618-HK JD Follow your favorite stocksCREATE FREE ACCOUNT A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Starbucks —…

Fed officials Barkin and Collins see possibility for slower rate hikes ahead

Two Federal Reserve officials indicated Friday that they expect further interest rate increases but will be looking closely at whether those moves need to be as aggressive as they’ve been this year. Regional president Thomas Barkin of Richmond and Susan Collins separately said that the Fed is moving into a new phase that will be…