Independent thinking for complex markets and current events
Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears Bitcoin’s price fell under $55,000 for the first time since February. At one point in time, the entire cryptocurrency market shed more than $170 billion in combined market capitalization in the last 24 hours. On Friday, the trustee for the …
New York State becomes ‘legal banana republic’ – Prepare for mass exodus of businesses from NY via Foxnews: Legal experts analyzed what they called “breathtaking” civil penalties against former President Donald Trump, Donald Trump Jr., Eric Trump, former Trump Organization Comptroller Jeffrey McConney and ex-CFO Allen Weisselberg – warning other corporations based in the Empire …
by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ubs-is-least-efficient-bank-in-europe-in-q3-2023-79149692 The Swiss bank recorded a third-quarter cost-to-income ratio of 99.56%, representing a 10.61-percentage-point increase from the previous quarter. UBS posted a third-quarter net loss attributable to shareholders of $785 million, compared to a $1.73 billion profit booked a year ago. Operating expenses surged 91% to $11.64 billion due to the ongoing integration …
by pacmanpill Note how it says “according to current medical knowledge”, which basically, can be anything right or wrong – just what the “experts” believe. Well played, Machiavelcron. Caption: french https://www.senat.fr/leg/pjl23-111.ht… Caption: english https://www.senat.fr/leg/pjl23-111.ht…
New “Climate” bill in UK will mandate all smart appliances be under the government’s control. Failure to comply will result in a fine (15K £) and 1 year in prison. The bill is receiving almost no pushback in Parliament. AC