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Caroline Ellison Says SBF Responsible for FTX Collapse

Bloomberg News reports that while the crypto meltdown was progressing in June 2022, Caroline Ellison and Sam Bankman Fried, co-founders of FTX, were busy...

Neutral Interest Rates Could be Higher than Pre-Pandemic

Bloomberg News reports that President Mary Daly of the Federal Reserve Bank of San Francisco stated that neutral interest rates might be higher than...

Bank of America’s Error Hits Moynihan’s Growth Pledge

Bloomberg News reports that for years, Brian Moynihan told investors that his bank would be a winner when the interest rates go up eventually...

Stablecoin Market Shrinks to Lowest Amount in Two Years

Bloomberg News reports PayPal Holdings Inc.'s introduction of its stablecoin could only do little to prevent the contraction of the digital asset sector. It...

JP Morgan’s Cash Hoarding Bond Manager Foresees 6% Yield

Bloomberg News reports that William Eigen sticks to the strategy that supported him to survive and thrive through the worst bond rout in history....

US 30-Year Mortgage Rate Top 7.5% Since 2000

Bloomberg News reports that last week, the US mortgage rates topped 7.5% since November 2000 for the first time. This is true for the...

Ousting McCarthy Implies Weeks of Odds of Shutdown

Bloomberg News reports that a small group of Republicans were found responding to a shutdown deal last weekend. In response, they ousted the House...

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