The latest in Plaid payments
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The Wall Street chorus of “Buy China” calls is growing louder
(Bloomberg) — A bullish consensus on Chinese stocks is emerging on Wall Street, with newfound optimism around President Xi Jinping’s policies and an epic rally in stocks in November prompting…
FTX collapse: Elon Musk tackles Silicon Valley powerhouse
The collapse, within a few days, of the FTX cryptocurrency exchange is a financial fiasco that has not yet revealed all its consequences, collateral damages and liabilities. FTX is a…
Alibaba, Tencent lead Hong Kong tech shares higher after upbeat data on online retail sales in China
Shares of Chinese internet giants jumped in Hong Kong after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Tencent online retail sales China Alibaba Group…
Palantir’s stock is sliding. One of his investments just went bankrupt.
Palantir stocks have come under selling pressure amid concerns about the effects of a Chapter 11 bankruptcy filed last week from Fast Radius provider of cloud-based manufacturing and supply chain…
These marijuana startups want to be the ‘Amazon of weed’
MArijuana is having a moment. Since the mid-term elections, cannabis is legal in about half of the US states – despite getting voted against in three ballots Tuesday in deep…
Ransomware gang threatens to release thousands of Australians’ health data
A ransomware group with alleged ties to the infamous Russian-speaking band REvil threatened to expose the personal information of millions of Medibank customers after the Australian private health insurance giant…
Bitcoin, Ether Slide as Hedging Reduces Demand Amid FTX Token Sale
Crypto market leaders Bitcoin (BTC) and Ether (ETH) abandoned relative calm and faced selling pressure early Tuesday as FTT, the native token of cryptocurrency exchange FTX, dived to 21-month lows…
Futures: Election results, inflation data on deck
Dow Jones futures were higher ahead of Tuesday’s open and US election results. Key inflation data, including the consumer price index, is due out later in the week. x Republicans…
Musk’s $56 billion deal to pay Tesla heads to trial amid major Twitter shakeup
As if Elon Musk didn’t have enough on his plate, the world’s richest man is headed to court next week to defend his $56 billion Tesla pay package. Richard Tornetta,…