Sam Bankman-Fried wanted to let retail investors borrow money to trade crypto derivatives: CFTC head
Sam Bankman-Fried was lobbying the Commodity Futures Trading Commission to back him on a product for retail traders that was built on leverage.
Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads
The lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions.
S&P 500 closes lower after Target’s warning drags on retail stocks, Nasdaq falls 1.5%
The S&P 500 fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks.
Fed’s Waller says he’s open to a half-point rate hike at December meeting
The Fed governor said he’s open to reducing the level of interest rate increases to half a percentage point in December.
Maverick Capital bets again on Netflix, reveals new stake in this chemicals stock
Lee Ainslie’s Maverick Capital took up bets on Netflix last quarter, while beefing up positions in several beaten-up technology stocks.
‘Big Short’ Michael Burry on his current positioning: ‘You have no idea how short I am’
“The Big Short” investor Michael Burry hinted that he currently has a sizable short position after being bearish throughout 2022.
ECB will do ‘whatever is necessary’ to get inflation to 2%, vice president says
The central bank must focus on avoiding second-round inflation effects and display its commitment to reaching 2% inflation, Luis de Guindos told CNBC.
Binance CEO says crypto ‘will be fine’ and announces industry recovery fund
The CEO of online exchange for trading cryptocurrency, Binance, will establish a recovery fund to help people in the industry, but says sector “will be fine.”
Elon Musk’s idea for paid Twitter verification is ‘completely flawed,’ EU competition chief says
Elon Musk’s idea for a subscription model to pay for Twitter’s sought-after blue check is “completely flawed,” Europe’s competition chief told CNBC Wednesday.
Economist Nouriel Roubini slams crypto ‘carnival barkers’ and Binance CEO as ‘a walking time bomb’ after FTX disaster
The NYU professor said recent turbulence in the crypto market showed major players in the industry needed to go, and that regulators should be wary.
