Oil Slips After Five-Day Rally as OPEC Trims Demand Forecasts
(Bloomberg) -- Oil slipped after a five-day advance, with a likely escalation in the Middle East conflict offset by signs of weakening global demand growth.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesGottheimer Calls for Rail Riders to Be Reimbursed for DelaysIn DNC, Chicago’s Embattled Transit System Faces a High-Pr
Citigroup's head of digital assets for markets unit departs, memo says
Citigroup's head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, according to an internal memo seen by Reuters. Maini, who joined Citigroup in 2010, according to his LinkedIn page, was global head of digital assets for Citi markets since 2021. He is leaving Citi to pursue an entrepreneurial opportunity in the digital asset space, said Lee Smallwood, head of markets innovation and investments at the bank, in the memo.
3 reasons why recession alarms are flashing a false positive, market vet says
Credit conditions are still too strong for the key conditions of a recession to be met, says Ed Yardeni.
SEC charges crypto firm NovaTech with fraud
The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme -- one that lured investors by claiming to invest in profitable crypto and foreign exchange markets. In truth, NovaTech reserved only a fraction of investor funds for trading, devoting the bulk to its payments to existing investors and commissions for promoters, according to the SEC.
What I Learned About Crypto’s Future From Basecamp and FWBFest
Binji Pande, who works on partnerships at Optimism Unlimited and is contributor to The Optimism Collective, visits two summer retreats and returns with insights about how crypto can get greater user adoption.
What I Learned About Crypto’s Future From Basecamp and FWBFest
Binji Pande, who works on partnerships at Optimism Unlimited and is contributor to The Optimism Collective, visits two summer retreats and returns with insights about how cryp...