Visa partners with FTX in a bet that shoppers still want to spend cryptocurrencies in a bear market
Visa is betting that crypto investors still want to spend their digital currencies as asset prices plummet this year.
Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist
The Swiss lender revealed debt buyback plans and confirmed it is selling its famous Savoy Hotel in Zurich’s financial district.
$570 million worth of Binance’s BNB token stolen in another major crypto hack
Binance said a cross-chain bridge linking with its Binance Smart Chain (BSC) was targeted, enabling hackers to move BNB tokens off the network.
Samsung profit plunges in first drop since 2019 as chipmakers feel bite
Samsung forecast on Friday its operating profit plunged 32% in the third quarter of the year as weaker memory pricing and demand hit the technology giant.
The Kremlin behaved ‘like a drug dealer’ over gas supplies, Polish PM says
“The real price of the gas is … the blood of soldiers and people, children and women in Ukraine,” Poland’s Prime Minister Mateusz Morawiecki told CNBC.
Wharton’s Jeremy Siegel says today’s biggest threat isn’t inflation — it’s recession
Siegel said he was one of the first to warn of the Fed’s “inflationary policies” in 2020 and 2021, but “the pendulum has swung too far in the other direction.”
Asia-Pacific markets fall ahead of U.S. jobs report
Shares in the Asia-Pacific fell on Friday ahead of the monthly U.S. jobs report, which is likely to guide the Fed’s next monetary decision in November.
We should ‘fight the Fed’ because it is fallible, investment advisor says
Investors shouldn’t necessarily align their investment decisions with the Federal Reserve’s actions, according to Stephen Isaacs, investor at Alvine Capital.
Germany’s relief plan could trigger a UK-style bond meltdown in euro nations
German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) designed to help with soaring energy prices.
VPN use skyrockets in Iran as citizens navigate internet censorship under Tehran’s crackdown
Demand for VPN services skyrocketed over 2,100% on Sept. 22 compared with the previous 28 days, according to figures from Top10VPN.
