Crash

Oil price collapse: Saudis, Russians rush to market’s rescue, 2 weeks early

Oil Price Crash: Saudis and Russians Rush to Market Rescue, 2 Weeks Early By Investing.com

© Reuters By Barani Krishnan Investing.com — There are still two weeks until the OPEC+ meeting, but the Saudis and Russians have decided not to sit back and let the market meltdown continue. In an urgent response to a Wall Street Journal report on Monday, Saudi Energy Minister Abdulaziz bin Salman denied that the alliance …

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Tesla safety at center of South Korean lawsuit over fatal crash

Tesla safety at center of South Korean lawsuit over fatal crash

SEOUL, Nov 21 (Reuters) – Two years ago, in an upscale Seoul neighborhood, a white Tesla Model X slammed into the wall of a parking lot. The fire accident killed a prominent lawyer – a close friend of the South Korean president. Prosecutors have charged the driver with manslaughter. He blames Tesla. Choi Woan-jong, who …

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"It's the extinction of crypto": Peter Schiff predicted the financial crash of 2008 - now he sees the total destruction of digital currencies very soon.  Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes With the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now in the …

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes Read More »

“Everyone is learning about crypto bankruptcy right now.”  FTX crash should be a 'gold rush' for lawyers

“Everyone is learning about crypto bankruptcy right now.” FTX crash should be a ‘gold rush’ for lawyers

The dramatic collapse of cryptocurrency exchange FTX has been compared to the collapse of Lehman, Enron and the Bernie Madoff scandal. And just like in these cases, crypto-infused lawyers know “there will be a lot of work.” These are the words of Anthony Casey, professor of law at the University of Chicago and former practitioner …

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FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

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Tesla China responds to dramatic crash that left two dead [video]

Tesla China responds to dramatic crash that left two dead [video]

Tesla will help Chinese authorities investigate a tragic Tesla Model Y crash in Guangdong, China that left two people dead and three injured. But rumors have been circulating on social media with potential causes of the crash, most of which are either untrue or impossible. The accident happened on November 5 and a video circulated …

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Billionaire Who Tried to Buy Congressional Seat in Oregon Goes Bankrupt as His Crypto Companies Crash

Billionaire Who Tried to Buy Congressional Seat in Oregon Goes Bankrupt as His Crypto Companies Crash

Six months ago, billionaire Sam Bankman-Fried spent millions to install his favorite candidate in the new seat of the US Congress in Oregon. Now the crypto companies that made him rich are bankrupt. Bankman-Fried, a resident of the Bahamas, upended the political order in Oregon last spring by spending $11.4 million to support political newcomer …

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