In a miraculous, parting-of-the-Red-Sea moment, Japan’s bookshops have set aside shelf space for a genre of literature that has, appropriately, generated roughly zero demand for the past three decades: inflation and what to do about it. Titles such as Inflation Japan: the Coming Era of Endless High Prices and A World of Inescapable Inflation, strike
Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s
At least six people have died after a boat carrying about 65 migrants seeking to reach the UK capsized in the English Channel on Saturday, according to French authorities. Two people remained missing as search efforts by both nations’ coastguards continued, while several others were treated for injuries at local hospitals. A French prosecutor told
Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. In addition, the draft bill taxes gains from fluctuations in crypto asset prices against
Trend-following hedge funds have piled into global equities as market volatility has fallen and stocks climb on investors’ hopes that interest rate rises are close to their peak. Commodity trading advisers — hedge funds that rely on pattern-detecting algorithms and statistical models to direct trading across markets — have in recent weeks increased their exposure
The heads of Europe’s largest insurers have warned that a growing political backlash in the US has jeopardised their ability to join forces to combat climate change. The industry’s effort to tackle carbon emissions collectively culminated two years ago in the establishment of the Net-Zero Insurance Alliance, a UN-backed group of insurers that promised to
Stacey Fox came to the Iowa State Fair this year with her golfing friends — a group of ladies who call themselves the Fairway Queens. And on Thursday evening she said she still had a preference for Ron DeSantis in the race for the White House. “I think he has strength. I think he has
The era of cheap streaming is ending, as Hollywood’s largest studios turn the screws on customers with price rises that rival the expensive cable television “bundle” consumers began ditching for Netflix 15 years ago. A basket of the top US streaming services will cost $87 this autumn, compared with $73 a year ago, as Disney,
Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic
In the past years, crowdfunding has gained traction for certain real estate investments. While some platforms are available to all investors, others require individuals to meet certain criteria to participate. The SEC divides investors into two categories: non-accredited and accredited. In my previous article, I discussed the differences between these two, along with some considerations
Griffin House is a city-close home with a country feel. Set on a walled half-acre site, the historic residence is just outside central London in the village of East Sheen. Originally a coach house, the property has 80 feet of frontage, old-growth trees and a 180-foot-long garden—ample space for a sports court or swimming pool.
The boy looked dead. He was no older than 19, with modelesque features and dressed in designer clothes, sat on a bench on the Lungomare esplanade under pink dusklight. When we tried to shake him awake, his head flopped backwards. Someone called for help. Taupe bicycles with wicker baskets slow-motioned past us and women with
Kevin Matras goes over the Filtered Zacks Rank 5 strategy. Learn how it can help you pick the best of the Zacks #1 Rank stocks. Highlighted stocks include AFAM, DKL and DTSI.
Sly, Soviet-style jokes are enjoying a subtle revival on Chinese social media platforms. Their art resides in being too obscure for censors to understand yet clear enough for cynics to chuckle at their mockery. Some are so esoteric that their satire is confirmed only by the censors’ decision to delete them — echoing the cat-and-mouse
Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation. The private capital group is to provide $1.3bn in debt financing for a employee-owned vehicle, which will use the money to
Sam Bankman-Fried has been taken into custody after a federal judge found that the FTX founder probably attempted to tamper with witnesses on two occasions while awaiting trial on fraud charges stemming from the collapse of the cryptocurrency exchange. In a brief written order following a hearing in Manhattan federal court on Friday, Judge Lewis
Long before Charles III became King, people close to him were trailing the prospect of a “slimmed-down, modernised” British monarchy once he acceded to the throne. It was something of an about turn, therefore, when the Treasury announced last month that far from cutting the royal cloth to match the times, the monarchy would instead
Bitcoin (BTC) continues to frustrate investors with its tight range consolidation, giving no clue about the possible direction of the breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it happens. A minor positive in favor of
Municipals were little changed Friday, once again ignoring losses in the U.S. Treasury and equity markets that were digesting higher-than-expected inflation data and macroeconomic concerns. While the consumer price index came in nearly as expected on Thursday, Friday’s producer price index came in higher than expected, leaving some analysts to fear more Federal Reserve rate
On this week’s episode of Macro Markets, Cointelegraph analyst and writer Marcel Pechman explores the United States debt downgrade by Fitch Ratings. According to Pechman, this change signaled diminished confidence in the U.S. government’s ability to handle its fiscal responsibilities. The downgrade nudged investors into a cautious stance, leading many to move their money out
Hawaii Gov. Josh Green called the fires that have devastated Maui and resulted in 55 confirmed deaths, “likely the largest natural disaster in Hawaii state history.” The wildfires that started Tuesday on Maui have burned at least 20 square miles, 13,000 acres, including the coastal town of Lahaina, according to a live map created by