Gas prices have plummeted, but Republicans haven’t noticed

photo: Rogelio V. Solis (ap) It’s suddenly a lot less painful for Americans to pay for gas, but don’t tell the House’s new GOP leadership, who are determined continue to falsely blame climate action for high energy prices. The national average for a gallon of gasoline on Thursday was just $3.47, a sharp drop from … Read more

The collapse of cryptocurrencies is a boon for bankruptcy lawyers

Dec 2 (Reuters) – The cryptocurrency turmoil has rocked major exchanges and sent the value of digital assets plummeting, but at least one group is gaining: bankruptcy lawyers. High-profile bankruptcies involving cryptocurrency exchange FTX, hedge fund Three Arrows Capital and cryptocurrency lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new opportunities – and … Read more

Analysis: Blackstone REIT tightening is a possible warning sign for markets

LONDON, Dec 2 (Reuters) – While this week’s spate of redemptions at an unlisted Blackstone real estate trust (REIT) has had slightly broader repercussions, it is being read as a warning sign by some. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit target limits amid investor concerns … Read more

Blackstone’s $69 billion REIT is holding back redemptions in a blow to the real estate empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion privately traded real estate investment trust (REIT) on Thursday after a spate of buyouts, a major blow to a franchise which helped transform it into an asset management behemoth. The limits came because redemptions reached pre-set limits, rather than Blackstone … Read more

Doubling of funding to flow into nature-based solutions by 2025 to tackle global crises – UN report

Goals on climate, biodiversity and land degradation will be unattainable unless investment in nature-based solutions rapidly increases to $384 billion annually by 2025, more than double the current $154 billion per year. Nature-negative flows from public sources, which are 3 to 7 times greater than investments in nature-based solutions, need to be phased out, repurposed … Read more

Vacation Survival Strategies from 5 Financial Educators

Kimberly Palmer For Ryan Decker, surviving the holiday shopping season means planning ahead. In fact, if he sees a gift in March for one of his two young children, he’ll buy it, instead of rushing through the shopping list in December. “It greatly eases the burden,” she says, making December bills more manageable because it … Read more

Sam Bankman-Fried says he ‘never attempted to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt cryptocurrency exchange FTX, attempted to distance himself from the fraud allegations in his first public appearance since his company’s collapse. it stunned investors and left creditors facing billions of dollars in losses. Speaking by video link at the New York … Read more

European Central Bank Says Bitcoin Is On ‘Road To Irrelevance’

The European Central Bank has come out with a scathing criticism against bitcoin and, by extension, cryptocurrency in general.graphic: Craig Hastings (Shutterstock) We can now add the European Central Bank to the ranks of high-ranking crypto-sceptics, with high-ranking executives going further by stating that cryptocurrencies should not be legitimized by any government or large financial … Read more

Tech layoffs approaching Great Recession levels: ‘It wasn’t sustainable or real’

The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but it’s far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they announced more than 60,000 job cuts this year, with indications, for example, … Read more

Amazon makes more money on ads than Amazon Prime

photo: Various photography (Shutterstock) Open Amazon to browse for a product, and there’s one thing you’re sure to see no matter what you want to buy: ads. It’s not a fluke. Amazon’s website and app are so filled with ads that it’s actually making it harder to shop, according to recent reports from both vox … Read more