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‘The market is just dead’: Investors steer clear of 20-year Treasuries

Investors are shunning 20-year US government bonds, causing a distortion in the $23tn US Treasury market. Demand for the 20-year government debt security since its reintroduction in 2020 has been…

Celsius’s Chapter 11 bankruptcy filing dashes hope that customers barred from withdrawing funds will ever get their money back

In its terms of service, Celsius warned that users could lose their cryptocurrency deposits in the event of a bankruptcy. Read More Source link

Web3 is just a fresh serving of the same old crypto nonsense

You have probably, unless you’ve been unusually fortunate, been schooled in the wonders of Web3. For the remaining lucky few, allow me to explain. Web3 is the inexorable destiny of…

Crypto lender Celsius files for bankruptcy a month after freezing customer withdrawals

Crypto lender Celsius Network filed for Chapter 11 bankruptcy, a month after it froze customer withdrawals and joined other casualties battered by a rout in digital assets. Celsius, which has…

Crypto lender Celsius files for bankruptcy in New York

Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy, following a wave of digital asset companies that have frozen assets and entered restructuring amid a sharp…

Chipmaking CEOs say they need long-delayed CHIPS Act funding to save U.S. chip manufacturing. But it won’t work

The funding promised under the CHIPS Act won’t be enough to change the underlying economics of the chip industry. Read More Source link

Live news updates: Texas grid operator warns of heatwave induced blackouts

The Netflix headquarters in Los Gatos, California © AP Netflix is ​​partnering with Microsoft to build an advertisement-supported tier of its streaming service, as it races to offer a cheaper…

The remote work revolution is a ‘chaotic transition.’ Here’s how tech leaders can make it successful

“If you’re asking people to commute multiple hours just to be at a stand-up that could have been on Zoom,” said one tech CEO, “that’s really frustrating.” Read More Source…

‘I knew there was a market for it’: A bottle of champagne just sold for $2.5 million. Some NFTs were involved. 

“To me, I’m thinking people are spending millions of dollars on pictures of apes, why wouldn’t they prefer a high caliber champagne with an ape on the bottle itself?” Read…

The IMF says avoiding a recession is ‘increasingly challenging’ as inflation becomes more difficult to control

The organization joins the chorus of other voices predicting a recession is on the horizon Read More Source link