Nov 11 Watch 5:14 News Wrap: Ukrainian forces take back city of Kherson In our news wrap Friday, Ukrainian forces swept into the southern city of Kherson dealing a major blow to Russia's war effort, the Biden administration has stopped taking applications for student loan forgiveness a day after a federal judge in… Continue watching
Nov 11 Wall Street surge continues as crypto suffers By Stan Choe, Associated Press Wall Street is tacking a bit more onto its stupendous surge from a day before to keep it on track for a strong gain for the week. Continue reading
Nov 11 Embattled cryptocurrency exchange FTX files for bankruptcy following collapse By Matt Ott, Associated Press Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week. Continue reading
Oct 03 Kim Kardashian settles for $1.26 million with SEC over Instagram cryptocurrency promotion By Michelle Chapman, Associated Press Kim Kardashian will pay $1.26 million to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing she'd been paid $250,000 to do so. Continue reading
Aug 03 New cryptocurrency oversight legislation arrives as industry shakes By Fatima Hussein, Ken Sweet, Associated Press It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations. Continue reading
Jul 27 How the latest Federal Reserve rate hike affects your finances By Christopher Rugaber, Associated Press The Fed's latest hike, its fourth since March, will further magnify borrowing costs for homes, cars and credit cards, though many borrowers may not feel the impact immediately. Continue reading
Jul 17 Watch 5:49 After $2 trillion crypto crash, what happens next? By Andrew Corkery, Juliet Fuisz Digital currencies have now lost $2 trillion in value after hitting a peak of $3 trillion in November 2021. There are also signs that many crypto firms have exposed themselves to riskier financial bets than previously known. Andrew Chang, a… Continue watching
Jul 14 Bitcoin requires an immense amount of energy. Here’s why that’s sparking a crypto backlash By Judith Lewis Mernit, Yale Environment 360 The enormous energy demands of Bitcoin mining are prompting some U.S. municipalities to impose moratoriums or outright bans on cryptocurrency facilities. Bitcoin mining activity, critics warn, is leading to electricity price hikes and a revival of dirtier sources of power. Continue reading
Jun 30 From the stock market to crypto, a punishing six months for investors By Alex Veiga, Stan Choe, Associated Press It's the worst start to a year for stocks in decades. Bonds are on pace for one of their worst performances in history, and cryptocurrencies have tumbled after soaring last year. Continue reading
Jun 21 Watch 5:52 Future of cryptocurrencies in question after plunge in value It's been a very rough year so far for stocks and other investments as the markets have dropped sharply over the past few months. That plunge has been even larger for cryptocurrencies. Since November, the total market value of all… Continue watching