Tornado Cash crackdown by Treasury punishes honest crypto investors

Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every US person is going to have to be very … Read more

Inflation could push Fed into August rate hike

Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation is not abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s … Read more

Why Mark Zuckerberg is talking so much about Whatsapp for business

Why Mark Zuckerberg is talking so much about Whatsapp for business

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021. Ruvic Dice | Reuters WhatsApp is already widely popular with US consumers. Now Meta Platforms is turning more attention to building its small business base. The … Read more

Era of steady growth has ended, but here’s how to prepare

Era of steady growth has ended, but here’s how to prepare

BlackRock says world markets have become more volatile, and they’re going to stay that way for a while. The world’s biggest asset manager says that the era of steady growth and low inflation has ended: “Traditional portfolios, hedges and risk models won’t work anymore, we think.” “The Great Moderation, a long period of steady growth … Read more

Celsius withdraws motion to hire CFO back at $92,000 a month

Celsius withdraws motion to hire CFO back at ,000 a month

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Embattled … Read more

Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian … Read more

George Clooney had tequila, Ryan Reynolds gin. female stars? Wine’s in

George Clooney had tequila, Ryan Reynolds gin.  female stars?  Wine’s in

Franckreporter | E+ | Getty Images Celebrities have long used their face and name to elevate alcohol brands, but George Clooney created the modern blueprint for cashing in on spirits when he sold his tequila company Casamigos to spirits giant Diageo for nearly $1 billion in 2017. “Acting used to be how I paid the … Read more

Netflix may be missing an opportunity in horror movies

Netflix may be missing an opportunity in horror movies

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images There’s a big money question haunting Netflix. In recent years, the streamer has spent big on flashy, blockbuster-style action movies like “The Gray Man” … Read more

Inflation takes over as the next big focus for markets after July’s monster jobs report

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors switch their focus to inflation in the week ahead, after July’s strong jobs report signaled the Federal Reserve may need to take an even tougher stance with interest rate hikes. It could also be a week in which investors watch to see if rising Treasury yields start to slow the technology sector’s summer rally. … Read more

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the agreed to … Read more