Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks
Multicoin Capital, one of the top crypto venture firms, told investors in a letter on Thursday that FTX’s collapse will bring more industry pain.
Binance exec says ‘it was like a bomb went off’ at FTX, compares Bankman-Fried to Madoff and Elizabeth Holmes
Binance strategy chief Patrick Hillmann said it took two hours of due diligence on FTX to determine his company couldn’t save the crypto exchange.
Biden administration will ask Supreme Court to allow student loan debt relief program to resume
The Biden administration said it will ask the Supreme Court to lift an injunction and allow a major student loan debt relief program to resume.
Elon Musk says Twitter employees must commit to ‘hardcore’ culture by 5 p.m. Eastern time
Twitter shared a document overnight with employees, telling them they have to commit to Elon Musk’s working demands or resign.
Rent growth slows to the lowest level in 18 months
Rents in October rose 4.7% compared with October 2021, the slowest annual increase in 18 months, according to Realtor.com.
Google Maps got a big update that shows where fast-charging EV stations are and more
Google Maps was updated with new features, such as the option to find fast-charging EV stations, and, starting next week, a new augmented reality search option.
Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023
Some names are starting to show some positive signals after their stocks tumbled this year.
FDA says lab-grown meat is safe for human consumption
The FDA cleared Upside Foods to use animal cell culture technology to take living cells from chickens and produce cultured animal cell food.
Average 401(k) balances plunged 23% year-over-year due to market volatility, Fidelity says
Retirement account balances sank for the third quarter in a row, according to Fidelity Investments, the largest 401(k) provider in the U.S.
Republicans take control of the House, NBC News projects
Republicans will take majority control of the House, ousting Democrats from key positions of power and complicating President Joe Biden’s legislative goals.
