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Bank Earnings Season Is About to Start. Here’s What to Expect.

Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment.  So far, households have continued to spend and borrow, despite higher borrowing costs, and businesses have hired at a healthy pace. The biggest banks have reaped the rewards. JPMorgan, Wells Fargo and Bank of Americaturned in strong profit growth for the first three

It’s Time to Turn on Two-Factor Authentication

We get it. Turning on two-factor authentication for your online accounts can be a pain. But like going to the dentist, it’s just something you have to do.On Tuesday, someone broke into the Securities and Exchange Commission’s official X account and tweeted that spot bitcoin exchange-traded funds had been approved, sending the price of the cryptocurrency briefly higher. The official-looking announcement was a hack, an SEC spokeswoman said; the agency did officially approve the ETFs on Wednesday. Copyright ©2024Dow Jones

Wealthy Investors Rescued Juul From Bankruptcy. Others Are Crying Foul.

Updated Jan. 2, 2024 4:25 pm ETTwo of Juul Labs’ longtime directors—a Hyatt Hotels heir and a venture capitalist—helped bail out the e-cigarette maker when it was on the brink of insolvency.It was a deal that preserved the equity investments of Nick Pritzker and Riaz Valani, cemented their influence over the company and secured them releases from liability in thousands of lawsuits against Juul. Now Juul is fighting a lawsuit from a group of investors alleging that those two directors were looking out for their own

Bitcoin Mining Used More Water Than New York City Last Year

A water hog is lurking in your crypto wallet.  Bitcoin-mining operations slurp up billions of gallons of water globally each year.  Estimates vary, but the annual footprint is projected to surpass 591 billion gallons of water this year, according to an article published last week in the peer-reviewed journal Cell Reports Sustainability. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 A water hog is lurking in your crypto wallet.  Bitcoin-mining operations slurp up

FTC Investigates Exxon’s $60 Billion Deal for Pioneer

Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two decades, according to securities filings. The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according

America’s Mortgage King Also Wants an NBA Crown—Right Now

Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, Mat Ishbia’s fingerprints were everywhere.He bought the Suns in February, tapping into the fortune he made in the mortgage business. And his lending company, UWM Holdings, sponsors the Pistons, with its logo appearing on their jerseys.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month,

Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields

The central bank calls cap on government bond yields a reference point, not a rigid limit. The central bank calls cap on government bond yields a reference point, not a rigid limit. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Sequoia Capital Slashes Crypto Fund

The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions. The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

What Fed Hikes? Much of Americans' Debt Is Still Riding Ultralow Rates

One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

ECB Raises Rates, Says Pausing Is an Option

The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…