FANGS and BATS sell-off spooks world stocks

FANGS and BATS sell-off spooks world stocks

Global stock markets were set for a second day of sharp losses on Tuesday as the combination of inflation worries and an anti-monopoly drive in China sent the world’s mightiest tech giants tumbling. Europe had touched a record high on Monday but its restart …
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Cryptocurrency Is Threatening the Role of Central Banks. Why Governments Must Go Crypto.

Money already flows through electronic circuits around the globe, of course. But central bank digital currencies, or CBDCs, would be a new kind of instrument, similar to the digital tokens now circulating in private networks. People and businesses could transact …
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Hurt by Losses, Credit Suisse Faces Reckoning Under New Chairman

Last month, after Credit Suisse said it lost nearly $5 billion over soured trades that a small unit of its investment bank made with Archegos Capital Management, worried employees peppered Thomas Gottstein, the chief executive, with questions. One wanted …
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Tesla Can't Just Keep Preaching to the Converted

… local fire marshal's report confirms there was nobody behind the wheel in the wreckage (see my Bloomberg News colleague Dana Hull's story here).
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Rite Aid now offering COVID-19 vaccinations at all locations, walk-in appointments available

OHIO, USA — *Editor’s Note: The video in the player above originally aired in a previous report. National drugstore chain, Rite Aid, is doing its part to ensure the COVID-19 vaccine is available to those that want it. On Friday, Rite Aid announced that is will offer …
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