Mark Cuban is not happy and makes it known. The successful entrepreneur seems, like most business circles, to have been shocked by the implosion, in less than a week, of FTX, one of the big players in the crypto sphere. The cryptocurrency exchange filed for Chapter 11 bankruptcy on November 11, after three turbulent days,…
Disinflation is the intended result of quantitative tightening measures enacted by the Federal Reserve. engin akyurt via Unsplash; Canva ContentsWhat Does Disinflation Mean? Disinflation vs. Deflation: What’s the Difference? What Causes Disinflation? Disinflation Example: The Early 1980sIs Disinflation Good or Bad? How Does It Impact the Economy?Frequently Asked Questions (FAQ)For most consumers, the concept of…
By Anirban Mahanti Upstart UPST missed its guidance for the third quarter 2022 comprehensively. I was extremely disappointed after having a quick look at the results. As I have said time and again, companies should refrain from providing guidance if they are going to miss it or having to revise it downwards at a regular…
It’s a huge twist. The crisis of confidence in the cryptocurrency industry deepened on November 9 after Binance announced that it would no longer buy FTX.com, owned by ex-billionaire Sam Bankman-Fried. The day before, Changpeng Zhao, the CEO and co-founder of Binance, the world’s largest bitcoin buying and selling platform by volume, announced that he…
Sports teams welcomed the multi-million dollar partnerships in 2021 from cryptocurrency companies like FTX, an exchange to trade digital assets. The abrupt downfall and the pending acquisition of FTX, a popular cryptocurrency exchange, by Binance on Nov. 8, leaves the future of those partnerships up in the air. Investors have often been wary of companies purchasing…
It is a movie that has already been seen over and over again. At some point, it becomes annoying and boring because the scenario is always the same. You only have to change the protagonists and actors and you get the same result. This movie is one that features the cryptocurrency industry that wants to…
Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Wednesday night’s billion-dollar Powerball draw, sending the jackpot soaring to a nearly record-breaking $1.5 billion for the next draw, the lottery said, though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Wednesday’s Powerball…
Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Monday night’s billion-dollar Halloween Powerball draw, sending the jackpot soaring to $1.2 billion for the next draw on Wednesday, the lottery said, though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Wednesday’s Powerball…
Share to FacebookShare to TwitterShare to Linkedin Illustration by Forbes; Photos by Jeremy Moeller/Getty Images; Jonathan Knowles/Getty Images Adidas has initiated a hiring freeze but suggested it does not plan to conduct layoffs after it cut ties with hip-hop mogul Ye, forfeiting a multibillion-dollar business that had become increasingly problematic in recent weeks. “This is…
Share to FacebookShare to TwitterShare to LinkedinDietrich Mateschitz turned Red Bull into an energy drink associated with adventure and extreme sports, tapping creative marketing along the way. He died at age 78, Getty Images It’s not often that one person kicks off a whole new beverage category. But Dietrich Mateschitz used his marketing smarts to…