The offer seemed too good to pass up: Deposit your cryptocurrency, and receive a yield as high as 18 percent. That was the promise of Celsius Network, an experimental cryptocurrency bank with more than one million customers that emerged as a leader in the murky world of decentralized finance, or DeFi. Last year, DeFi exploded …
The Federal Reserve is likely to discuss making its biggest interest rate increase since 1994 at its meeting this week, as a range of new data suggest that inflation is coming in hotter and proving more stubborn than policymakers had hoped. Central bankers have been promising to be nimble as they fight inflation — a …
The Fed May Discuss Biggest Interest Rate Increase Since 1994 Read More »
Some of Mr. Trump’s former aides testified that the Fox call shocked them but also undermined their confidence in his chances of victory. Jason Miller, a senior aide on the Trump campaign, said in video testimony played by the committee that he and others were “disappointed with Fox” for making the call but at the …
Jan. 6 Hearings Focus on Fox News Call That Made Trump’s Loss Clear Read More »
The S&P 500 on Monday dropped into its second bear market of the pandemic, crossing a symbolic and worrisome threshold as stocks plunge following a meteoric rise over the last two years. Bear markets — when stocks decline at least 20 percent from their recent peaks — are relatively rare, and they frequently precede a …
Before Rebel Wilson, the Australian actress and comedian, publicly revealed her new relationship, an Australian columnist who covers celebrities had given her representatives less than two days to comment before he published a column about the new couple. In a since-deleted column published in The Sydney Morning Herald on Saturday, the columnist, Andrew Hornery, said …
Australian Paper Deletes Rebel Wilson Column but Denies Outing Her Read More »
As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the company’s rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers. ELMS excited investors with its concept of electric last-mile delivery vans, reaching a $1.4 billion market value shortly after it started trading …
Electric Last Mile’s failure is reality check for EV startups, experts say Read More »
Investing at a chaotic time like this takes fortitude and planning. And if you can handle it, a falling stock market can be an opportunity for people with long horizons. But I wouldn’t put any money in stocks until I was sure that I could pay my bills first. Once the critical expenses are accounted …
A truck-driver strike in South Korea stretched into a seventh day on Monday, forcing the country’s manufacturers to scale back production and slowing traffic at its ports. The strike resulted in production and shipment disruptions for automobiles, steel and petrochemicals worth 1.6 trillion won, or about $1.25 billion, over the first six days, the country’s …
Striking truck drivers in South Korea snarl supply chains. Read More »
The global clean-energy transition offers metals-rich Canada a “generational economic opportunity,” as long as the mining industry can get past some key hurdles, Natural Resources Minister Jonathan Wilkinson said. Wilkinson highlighted Canada’s resource strengths and stability at Monday’s opening ceremonies of the Prospectors & Developers Association of Canada conference. Canada produces more than 60 minerals …
Canada must overcome hurdles in ‘urgent’ critical minerals push Read More »
When Chris Stirewalt watched rioters attack the Capitol on Jan. 6, 2021, he was a journalist for Fox News, which was trying to recover from a ratings slump in the weeks after President Donald J. Trump lost the election. Two months later, Mr. Stirewalt was fired by Fox, where he had been a regular on-air …
