(Reuters) -Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it suspended withdrawals on its website, the Wall Street Journal reported on Thursday, citing[...]
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Economy
Factbox-From Genesis to Voyager, crypto firms’ exposure to FTX is coming to light
(Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. BlockFi and Genesis, two firms with exposure to FT[...]
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Column-Warnings of Medicare fraud mount; here is how to avoid it
By Mark Miller (Reuters) – A new report from the U.S. Senate Finance Committee documents a range of fraudulent and misleading marketing practices used to sell Medicare Advantage plans – an[...]
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Analysis-Political gridlock may help U.S. stocks but inflation still in driver’s seat
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and th[...]
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FTX fallout hits crypto lender Genesis; Bankman-Fried, celebs sued
By Alun John and John McCrank (Reuters) -Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the sudden failure of crypto exchange FT[...]
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Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more[...]
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Coinbase CFO says full contagion impact of FTX collapse still to show – WSJ
(Reuters) – The full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried’s FTX was yet to come out, Coinbase Global Inc Chief Financial Officer Alesia Haas[...]
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Fed’s Waller says ‘more comfortable’ with smaller hikes after recent data
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. Federal Reserve Governor Christopher Waller, an early and outspoken “hawk” in the central bank’s efforts to confront inf[...]
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Fed’s Waller: Ongoing wage increases could make inflation more persistent
WASHINGTON (Reuters) – Federal Reserve Governor Christopher Waller said on Wednesday he is concerned that the outbreak of inflation since 2021 has raised wage pressures going forward in ways tha[...]
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