Wall Street washout as stocks tumble, crypto dives further

“This is like a marathon and we’re in the early part of it,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.

By making it more expensive for people and companies to borrow money, the Fed is intentionally slowing the economy and jobs market in hopes of stamping down inflation near its highest level in four decades. But the Fed threatens to create a recession if it goes too far, and high rates in the meantime drag down on prices for stocks and all kinds of investments.

Binance said it made the move after doing its due diligence and looking at FTX’s accounting books, while also citing reports about how FTX handled its customers’ funds. Stocks of companies embedded in the crypto economy also continued to sink. Robinhood Markets lost another 13.8% and is down 31.6% so far this week. Coinbase Global fell 9.5% to bring its drop for the week to 21.8%

Wall street invested heavily in a red wave...

Ponzi scheme.

They smelled another tax cut.....aaaaaaaand not too fast!

Ohhhh nooo are corporations going to have to pay TAXES

Ya work your whole life to save money to retire, then liberals steal it to fund equity programs. Grotesque.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks rise on China reopening hopes, track Wall StreetAsian shares rose on Tuesday as U.S. stocks increased overnight before midterm elections and investors clung on to hopes that China would eventually relax its strict pandemic curbs even after the government reaffirmed its commitment to the zero-COVID policy. 😅😅😅Guang Zhou shutdown too. China locks down again after someone smelt a fart in Shanghai and it's Biden's fault. As a result Chinese real estate developers couldn't possibly be responsible for their Ponzi scheme. On an unrelated note Reuters begs everyone to buy Chinese bonds as they seek a short position.
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street is bracing for a potential game changer, but it's not the election | CNN BusinessWall Street is waiting for the results of the midterm election, but traders say this week's inflation report may prove to be far more consequential to markets. campaign2022 inflation wallstreet alabamanewsnetwork
Source: ALNewsNetwork - 🏆 583. / 51 Read more »