Economy

Stacked cryptocurrencies

Bitcoin below US$22,000 as failure of Silvergate hits market

Bitcoin fell below the US$22,000 support line in Thursday morning trading in Asia, with Ether and most other major cryptocurrencies losing ground after US crypto bank Silvergate says it will voluntarily liquidate. The bank has been on the brink of insolvency for weeks, becoming another victim of the FTX stock market crash last November. Solana …

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Which banks have passed on the March RBA rate rise to mortgage borrowers? NAB kicks it off, as Westpac follows

Which banks have passed on the March RBA rate rise to mortgage borrowers? NAB kicks it off, as Westpac follows

We are in double-digit territory after the Reserve Bank of Australia (RBA) raised interest rates for the 10th time since last April. As of March 7, the RBA raised the target cash rate by 0.25 percentage points to 3.6%. Here’s a breakdown of which and how the big banks reacted to the decision — and …

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Smotrich didn't realize 'wipe out' Huwara call would be seen as IDF order, apologizes

Smotrich didn’t realize ‘wipe out’ Huwara call would be seen as IDF order, apologizes

Finance Minister Bezalel Smotrich said on Wednesday that he did not realize his call that the government “annihilate” a Palestinian village would be interpreted as a military order, apologizing for the remark that directed dozens of pilots to warn the head of the Israeli Air Force that they would not comply with such an illegal …

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Biden to propose 25 percent minimum tax on US billionaires | Business and Economy

Biden to propose 25 percent minimum tax on US billionaires | Business and Economy

The budget plan announced by the US president would also nearly double the capital gains tax on investments. US President Joe Biden will ask Congress to impose a 25% minimum tax on billionaires as part of a series of proposals to hike taxes on wealthy individuals and corporations, according to a US media report. Biden’s …

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Faraday Future on track to start production of FF 91 this month if funds come through

Faraday Future on track to start production of FF 91 this month if funds come through

Faraday Future on Wednesday announced plans to start production of its futuristic all-electric FF 91 SUV in late March after years of delays, lack of capital and internal dramas that threatened the company’s existence. Faraday Future previously indicated that production would begin in March, but had not yet chosen a date. There are, however, two …

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Mayo Gilbert McNeil accused of selling $800K in fake sports cards

Mayo Gilbert McNeil accused of selling $800K in fake sports cards

These Air Jordan cards were nothing but balls of air. Colorado senior Mayo Gilbert McNeil has been indicted by the federal government for allegedly conspiring with others to sell and trade fake sports cards, including valuable 1986 Fleer Michael Jordan rookie cards, prosecutors announced Wednesday. The 82-year-old tracked down his alleged victims via the internet …

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Browns have Javon Hargrave, Jessie Bates III, Yannick Ngakoue and other defenders on their radar as free agency begins

Browns have Javon Hargrave, Jessie Bates III, Yannick Ngakoue and other defenders on their radar as free agency begins

CLEVELAND, Ohio — The Browns are poised to pounce on some of the NFL’s top defensemen to hit the market on Monday, and will likely land a few to help fuel new defensive coordinator Jim Schwartz’s plan. By the time the pre-trade period opens on Monday, the Browns will have plenty of room to compete …

Browns have Javon Hargrave, Jessie Bates III, Yannick Ngakoue and other defenders on their radar as free agency begins Read More »