(Bloomberg) — Contagion from the messy implosion of Sam Bankman-Fried’s crypto empire is spilling into the world of decentralized finance, after a hedge fund was declared in default on almost $36 million of loans. Most Read from Bloomberg Orthogonal Trading said in a tweet on Tuesday that it had been “severely impacted by the collapse … Read more
Shares of Gossamer Bio Inc. GOSS, +2.99% plunged 64.5% in premarket trading on Tuesday after Wall Street analysts questioned the performance of the company’s experimental hypertension drug in a Phase 2 clinical trial. Though Gossamer said the drug, seralutinib, met the primary endpoint in a Phase 2 clinical trial, SVB Securities analyst Joseph Schwartz told … Read more
‘I expect a tsunami of shutoffs’: 20 million American households are behind an average of $788 on their utility bills — here are 3 simple ways to drop your monthly costs The U.S. consumer price index rose 7.7% in October from a year ago — down from a 40-year high of 9.1% in June. But … Read more
Shares of industrial-defense company Textron are soaring Tuesday. Winning an $80 billion contract will do that. Monday evening, the U.S. Army announced it had selected Textron (ticker: TXT) subsidiary Bell Helicopter to supply its new long-range assault helicopter. Textron beat a joint bid from Lockheed Martin (LMT) and Boeing (BA).
NRG Energy to Buy Vivint Smart Home for $2.8 Billion
Surveys regularly show that older Americans have regrets about lots of things — working too much, choosing the wrong partner, not taking care of their health, etc. There are often financial regrets too, such as not saving enough, and investing to little for retirement. This last regret has many reasons: Everything from the burden of … Read more
Getty Images/iStockphoto Question: I’m 56 years old and working for a state university, so I will have a state retirement plan. I previously worked full time and contributed to Social Security for 20 years. I still work part time and contribute to Social Security. I’m planning to retire in six years when I’m 62, and … Read more
Markets Finance The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producers’ profits
(Bloomberg) — Markets struggled for direction Tuesday as traders weighed prospects for a slowdown in the pace of US rate hikes against data that shows tighter policy may be needed for longer. Most Read from Bloomberg Contracts on the S&P 500 wavered following a third day of declines for the S&P 500 on Monday. A … Read more
Sam Bankman-Fried has gone on a damage-control tour as the impact if his collapsed FTX Group crypto empire mushrooms. Against the advice of his lawyers, the former CEO spoke with the New York Times and ABC’s “Good Morning America” last week in his first public interviews since FTX filed for bankruptcy on Nov. 11. A … Read more