Is Corporate Greed Fueling Inflation? CEOs Say a Slowdown Is Coming.

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Win McNamee/Getty Images; Hollis Johnson/Insider Many companies have reported record profits over the past year.It’s led some economists and politicians to accuse companies of fueling inflation.These profits might not last, however, as many CEOs see signs of customers tightening their belts.Top editors give you the stories you want — delivered right to your inbox each…

Dollar cedes some ground, bitcoin hunkers down

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SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s COVID flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3% at $1.0265 after an 0.8% loss on Monday,…

Marketmind: Wild oil ride amid China and crypto woe

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A look at the day ahead in U.S.and global markets from Mike Dolan.Turbulence in oil, China’s COVID crunch and unravelling cryptocurrencies make for uncomfortable reading for investors starting to parse what looks like a recessionary year ahead. Higher interest rates and slowing economies dominate most 2023 outlooks, not least Tuesday’s latest from the Organisation for…

Dollar steadies as China tightens COVID curbs

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SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of fresh contagion from the collapse of crypto exchange FTX. The euro was up 0.14% to $1.0258 after an…

FTX’s Bahamas crypto empire: Stimulants, subterfuge and a spectacular collapse

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NASSAU, Bahamas — Before Sam Bankman-Fried’s $16 billion empire imploded, Margaux Avedisian remembers thinking there was something unsettling about the cryptocurrency wunderkind.Bankman-Fried had become a legend by pushing an image of monkish aloofness, vowing to forsake the allures of his extraordinary wealth — sleeping on beanbag chairs, driving a Toyota Corolla — and to give…

Crypto is breaking the Google-Amazon-Apple monopoly on user data

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For decades, banks and insurance firms employed the same mostly static but highly profitable and centralized business models.Also for decades, Big Tech firms such as Facebook, Microsoft, Amazon, Apple and Google have monopolized user data for their profit.However, blockchain projects could significantly challenge Big Tech’s grip on user data. In 2015, the future of money…

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