Financial News

NEW YORK (AP) — FTX founder Sam Bankman-Fried can’t adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter, his

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Risks of Buying Cheap Stocks: Lessons from PayPal's Mistake

ALBAWABA- This week's crypto recap featured significant developments across the industry. Bitcoin mining costs highlighted global disparities, ranging from Italy's $208,560 to Lebanon's $266 per Bitcoin...

Defensive and energy stocks offset weakness in megacap growth stocks as US stocks closed for the week.

Megacap tech stocks slumped for a third straight week - the longest such streak in 2023 - as fears of higher global interest rates weighed on sentiment while bonds bounced off multiyear lows.

The US Dollar (USD) was flat but set for a fifth consecutive week of gains in its longest winning streak for 15 months

Some fragmentation within the Fed board began to appear at the July meeting that took interest rates to a range of 5.25%-5.5%.       

The price of Bitcoin saw a significant drop on Thursday, briefly dipping below $26,000 in an 8% single-day decrease Read Full Article at RT.com

What are the keys to a successful fintech startup in Pakistan and what are the hurdles to overcome?

Valued at $2.2 billion in 2021, African money-transfer startup Chipper Cash was slow to adapt to the funding collapse of 2022. Now, after layoffs and a deep valuation cut, it’s focusing on the basics–and profitability.