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Tag: Business

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Ex-Coinbase Managers Charged In First-Ever Crypto Insider-Trading Case

The Brief: The parties that worked at Coinbase knew what Crypto Coins would be listed on the Coinbase network, and pretty much every coin ever listed on their site proceeds to have a huge spike in price. The parties knew ahead of time what would be listed, allegedly bought the...

Ex-Theranos COO Found Guilty On 12 Counts

On Thursday, a jury found Sunny Balwani, the former president and COO of the now-defunct and bankrupt blood-testing business Theranos, guilty on 12 charges of conspiracy and fraud against investors and clients. It's the same judgment that Theranos founder and former CEO Elizabeth Holmes, who once dated Balwani, received...

Russia Looks To Seize Control Of Western Firms Trying To Leave

After a number of western companies started to leave or cease business in Russia, such as McDonald's, Starbucks, Car manufacturers, and many other brick and mortar establishments, Russia seems to be implementing a new law to punish future ones. This new law would allow the state to take control...

The Yield Curve Inverted Today. Here Is What You Need To Know

t his is an interesting time, economically speaking, among everything else that is going on in the world. Following an announcement by the Federal Reserve on Wednesday, rates were raised by 25 basis points. As this is the first time Jerome Powell and his friends decided to make a move...

Oil Prices Climb Above $100/barrel As The War Continues

Oil prices soared on Tuesday and investors shifted more money into ultra-safe US government bonds as Russia stepped up its war on Ukraine. Stocks fell following a volatile day for major indexes as investors tried to measure how the conflict will impact the global economy. The S&P 500 index fell 0.7...

Starlink Satellites Sent At The Request Of The Vice PM

SpaceX's Starlink satellites have now been deployed over Ukraine with more on the way, according to the company's billionaire CEO Elon Musk, after a call for help from the country's vice prime minister on Saturday. Mykhailo Fedorov, who is also Ukraine's Minister of Digital Transformation, tweeted Musk requesting that SpaceX...

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