When China and Saudi Arabia meet, nothing matters more than oil

When China and Saudi Arabia meet, nothing matters more than oil

Hong Kong CNN Business — Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he is expected to sign billions of dollars of deals with the world’s largest oil exporter and meet leaders from across the Middle East. The visit is a sign that … Read more

Interactive: Here are the politicians who received money from FTX’s Sam Bankman-Fried

Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40 million publicly. So which politicians got money from the founder and former CEO of collapsed cryptocurrency exchange FTX? MarketWatch has compiled an interactive list below of the candidates and committees who received funds from Bankman-Fried … Read more

Silvergate stock drops after senators ask bank for FTX records – Yahoo Finance

Silvergate stock drops after senators ask bank for FTX recordsYahoo Finance Crypto Bank Silvergate Slides Further After Letter from US Sen. WarrenCoinDesk Lawmakers Want Answers From Silvergate About FTX TransfersThe Wall Street Journal US lawmakers request answers from Silvergate over ties to FTX: ReportCointelegraph View Full Coverage on Google News

Jim Cramer explains why he disagrees with Jamie Dimon’s economic outlook – CNBC Television

Jim Cramer explains why he disagrees with Jamie Dimon’s economic outlookCNBC Television S&P 500 could plunge 20% in coming months as recession hits, BofA warnsFox Business ‘How could you have an unemployment-less recession?’ Bank of America CEO Brian Moynihan says the latest jobs report supports his prediction of a ‘mild’ downturnYahoo Finance Stock market outlook: … Read more

Bitcoin Rises With a Recovery to $21,500 in Sight — But Don’t Get Too Excited

Bitcoin and other cryptocurrencies were rising Monday, with the largest digital asset marching past a key level. But investors shouldn’t get too excited about a recovery in prices as the crypto space continues to face headwinds from cracks across the industry. The price of Bitcoin has climbed 2% over the past 24 hours to $17,300, … Read more

Is the worst over for bitcoin and the rest of crypto?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies … Read more

How to Start Regulating the Crypto Markets—Immediately – The Wall Street Journal

How to Start Regulating the Crypto Markets—ImmediatelyThe Wall Street Journal

Florida CFO Patronis to Newsmax: We Didn’t Sign Up for BlackRock’s Woke Agenda

Florida Chief Financial Officer Jimmy Patronis on Friday defended to Newsmax his state’s move of withdrawing $2 billion from BlackRock over the investment firm’s wokeness. CFO Jimmy Patronis on Thursday announced that his department would pull its assets managed by BlackRock Inc., the world’s largest asset management firm, that makes financial decisions based on environmental, … Read more

FTX fiasco one of the most egregious cases of ‘gross negligence,’ says Ackman

Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over one of the most epic bankruptcies in financial markets in recent memory. Last week, Ackman tweeted that Bankman-Fried’s statements made during a widely watched … Read more

Bitcoin Falls as Jobs Report Is Harsh Reminder of Crypto’s Link to Stocks

Bitcoin and other cryptocurrencies were falling Friday, weakening after a stronger-than-expected US jobs report for November sent both stocks and digital assets lower. It’s a tough reminder of the correlation between equities and cryptos. The price of Bitcoin has shed 1% over the past 24 hours, dropping below the key $17,000 early Friday and moving … Read more