What the historic heist of Binance means for crypto
It was the largest heist ever. Within a span of a night, more than $6bn vanished from Binance. That’s the blockchain platform that’s supposed to be the biggest and safest. Authorities point to North Korea as the likely culprit, but the company says it will make customers whole. C ...Show more
Why the slowdown in Wall Street deals?
What started as a boom year for mergers on Wall Street has started to fade. There have indeed been some megamergers, such as the $111bn Paramount-Warner Bros Discovery deal. But as the cost of borrowing has ticked up and markets have pared back gains, the appetite for new deals h ...Show more
The Fed chairman reiterated a wait-and-see approach on rates with tariff impact uncertain. (0:15) Consumer confidence unexpectedly tumbles. (1:39) Trump lashes out at Israel and Iran. (2:04)Show NotesOil prices sink on Iran export expectationsDoughnut divorceSpeeding Tesla robota ...Show more
Fed deja vu: Powell calls tariff inflation transitory
The FOMC keeps rates steady, but with two dissenting votes. (0:16) Odds of a rate cut in September fall below 50%. (1:33) Stocks sell off and yields rise as Chairman Powell speaks. (1:46)Show NotesQ2 GDP tops forecasts, but underlying growth a worry Episode transcripts seekingalp ...Show more