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Expect More Volatility: Stock Market Swings After Inflation Fuels Uncertainty Over Fed Rate Hikes
For a number of reasons, stock prices have been extremely volatile for the past few years. The Fed has hiked interest rates higher than they have been since 2007, and there is no sign of this changing. CPI release days have been marked as four of the Dow's eight largest swings over...
Crypto Ads Nowhere To Be Seen At The 2023 Super Bowl
Last year, the 56th Super Bowl was dubbed the "Crypto Bowl" because of the large presence of cryptocurrency advertisements. The 57th Super Bowl this past weekend was a completely different story, following the collapse of cryptocurrency exchange FTX. We are still seeing the aftershock of such a monumental event take place...
Airbnb Stock Rallies on Strong Earnings. The Outlook for Travel Is Bright.
After the company posted better-than-expected earnings for Q4, Airbnb stocks are trading higher. Airbnb reported revenue of $1.9 billion, up 24% from a year ago, and ahead of the company's guidance range. This is an impressive sign of resiliency for the travel market in the "post-pandemic" era, and we can probably expect...
Circle squashes rumors of planned SEC enforcement action
Rumors circulated on Twitter this Tuesday that the Circle received a litigation notice from the US Securities and Exchange Commission. Chief Strategy Officer Dante Disparte quickly took to Twitter to squash this rumor that originated from a Fox Business reporter. This would have come as quite the shock as just a couple days ago, Paxos was ordered to stop minting USDC. The war on stable coins has just...
Siemens issues €60M digital bond on a public blockchain
Siemens, a German engineering and technology company, became one of the first companies to issue a digital bond on a public blockchain. This bond worth €60 million was issued on the blockchain without the need for central party clearing, making it much more efficient. Siemens aspires to position itself as a pioneer in the development of digital solutions for the...
Sam Bankman-Fried’s use of a VPN on Super Bowl Sunday ‘raised concerns,’ say prosecutors
In a February 13 filing with the United States District Court for the Southern District of New York, U.S. Attorney Damian Williams said the Justice Department had uncovered that Bankman-Fried accessed the internet on Jan. 29 and Feb. 12. The use of a VPN could have some serious implications on his bail agreement set following the collapse of FTX, but his lawyers argue otherwise. Their statements were that he simply...
Attention: Your Invite Is Enclosed! (2nd Leo Meet and Greet)
Last month we had the first ever LeoFinance Meet and Greet hosted by @whatsup. It was a great time and the community very much enjoyed it. The LeoFinance community is full of incredible people and this is your opportunity to jump in the voice channel to meet everyone. This is a casual meetup with no cameras or anything formal, so no need to be nervous. Join us for the next LeoFinance Meet and Greet at 12pm Pacific time...
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
