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“Abandon cryptocurrency, CNBC’s Jim Cramer tells investors” CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX’s catastrophic bankruptcy. Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000….
” Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated “ A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has defaulted on a $680 million loan. BlockFi filed…
“CNBC cancels Shepard Smith’s show, anchor to exit network” Shepard Smith is out at CNBC after network brass canceled his much-hyped nightly news program just two years after its launch. CNBC confirmed the end of “The News with Shepard Smith” in a memo to staffers on Thursday, citing an effort to refocus on its core…
” Fidelity offers retail investors commission-free BTC and ETH trading “ Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets. According to CNBC, Fidelity’s new crypto offering will be powered by its subsidiary, Fidelity Digital Assets. Dubbed Fidelity Crypto, the new…
“Pranksters posing as laid-off Twitter employees trick media outlets” A pair of pranksters posing as laid-off Twitter employees tricked multiple media outlets Friday as the public anxiously awaited news on whether Elon Musk had begun axing staffers. CNBC’s Deirdre Bosa interviewed two people who identified themselves as Twitter employees and were seen near the company’s…
“Jim Cramer chokes up as he apologizes for pushing Meta stock” Jim Cramer appeared to choke up during Thursday’s broadcast of CNBC’s “Squawk on the Street” as the investor apologized to viewers for previously recommending they buy shares of Meta — which tumbled to their lowest levels in six years. “Let me say this,” a…
“Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy” The Federal Reserve risks causing an economic “depression” if it relies on core inflation readings to determine when it should stop hiking interest rates, Wharton professor Jeremy Siegel warned Thursday. Siegel, who has previously accused the Fed of tanking the economy,…
“CNBC’s Jim Cramer blasts Elon Musk over Twitter drama: ‘Big tactical mistake’” CNBC’s Jim Cramer unloaded on Elon Musk on Thursday, arguing the billionaire had no choice but to reverse course and buy Twitter after miscalculating his ability to back out of the deal. Musk proposed buying Twitter this week at the original price of…
” FTX in talks with investors to raise $1B for further acquisitions — Reports “ Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion in new funding, as it looks to utilize extra capital for financial acquisitions during the bear market. According to a Sept. 21 report from…
“CNBC’s Joe Kernen challenges Buttigieg on inflation” CNBC anchor Joe Kernen took Transportation Secretary Pete Buttigieg to task on Friday for the Biden administration holding a celebration on the same day that a worse-than-expected August inflation report caused stocks to tank. President Biden held a party on the White House’s South Lawn on Tuesday to…