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Financial News Around the World

Alibaba’s Cainiao opens LatAm headquarters in Brazil

The expansion comes as China’s retail growth has slowed — Alibaba for the first time didn’t release total sales for its Singles’ Day shopping festival.

Published 14 November 2022
Categorised as Finance News

It may be one of the last countries to let travelers in — and it’s not China

Even if North Korea were open to travelers, they would not be able to visit because the two main ways to enter — Russia and China — are largely closed to them.

Published 14 November 2022
Categorised as Finance News

Sam Bankman-Fried’s Alameda quietly used FTX customer funds without raising alarm bells, say sources

Sam Bankman-Fried’s trading firm was able to quietly use customer funds from his exchange FTX without sounding alarm bells, sources say.

Published 13 November 2022
Categorised as Finance News

‘Huge regime shift’: Active managers see boost from the energy trade

Commodity trading advisors, known as CTAs, are capitalizing on the historic inflation shift.

Published 13 November 2022
Categorised as Finance News

Mark Cuban reveals the 14-second pitch he used to make money at his first sales job

As a boy, Mark Cuban sold boxes of garbage bags door-to-door. This 14-second sales pitch he developed for his neighbors was his key to success, he says.

Published 13 November 2022
Categorised as Finance News

FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole

Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas.

Published 12 November 2022
Categorised as Finance News

Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog

President Joe Biden intends to nominate Danny Werfel to become the next IRS Commissioner, overseeing the plan for the agency’s nearly $80 billion in funding.

Published 11 November 2022
Categorised as Finance News

Even with slower inflation, consumer sentiment weakened sharply in November, survey shows

The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month’s reading.

Published 11 November 2022
Categorised as Finance News

Stocks making the biggest moves midday: Walgreens, Coinbase, Duolingo, Ralph Lauren and more

These are the stocks posting the largest moves in midday trading.

Published 11 November 2022
Categorised as Finance News

Stocks making the biggest moves premarket: Walgreens, Intel, US Bancorp and more

These are the stocks posting the largest moves before the bell.

Published 11 November 2022
Categorised as Finance News

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