BTCUSD

Bitcoin spikes above $21,000: is the crypto bear market over ?

Bitcoin, the largest cryptocurrency by market capitalization, spiked above the $21,000 mark on Saturday. The move has been encouraged by crypto investors who have been shaken by the collapse of several high-profile crypto companies, including cryptocurrency exchange FTX. This is the first time since Nov. 8, 2022, that Bitcoin BTCUSD, -0.98% has crossed $20,000 and …

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A recession akin to 1969-1970 awaits US next year, economist warns

Brace for a recession next year. That is the word of warning from S&P Global Ratings economist Beth Ann Bovino, in a post-Thanksgiving weekend report on Monday. “ ‘GDP will decline by 0.8%, a mild recession in line with the 1969/1970 recession.’ ” — S&P Global Ratings As with many prognosticators inside and outside of …

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‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse

Sam Bankman-Fried’s fall from grace has dealt an blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, as well as on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress. Bankman-Fried, founder and CEO of the crumbling …

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Here’s the trouble under the hood at Warren Buffett’s Berkshire Hathaway

It’s midterm day in America, so pack your weapon (where legally permitted), have your local election lawyer on speed dial and get out the popcorn. USA, USA. More on that later. The company lost $2.7 billion in the third quarter, though its notoriously volatile earnings, and the losses were down to swings in derivatives and …

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