DAOs: A game changer in need of new rules

DAOs: A game changer in need of new rules

September 30, 2022 – The decentralized autonomous organization (DAO) is a relatively novel structure gaining popularity in the blockchain community. DAOs are community-led entities with no central leadership built on a blockchain using smart contracts, and with no restriction on the geographic location of its members, potentially resulting in an international organization. DAOs are seen … Read more

Credit Suisse pays down debt to calm investor fears

Credit Suisse pays down debt to calm investor fears

To buy back up to $3 billion in debt Seen as bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade ZURICH, Oct 7 (Reuters) – Credit Suisse (CSGN.S) will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled … Read more

Stock Market Today: Dow, S&P Live Updates for Oct. 7 – Bloomberg

Stock Market Today: Dow, S&P Live Updates for Oct. 7  Bloomberg Asian stock markets fall ahead of US employment update  The Associated Press – en Español Asia-Pacific markets fall ahead of U.S. jobs report  CNBC Asian stocks retreat on global recession angst; tech dives  Reuters Asian markets fall ahead of U.S. jobs report  MarketWatch View Full Coverage on Google News

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Oct 6 (Reuters) – Tesla Inc (TSLA.O) is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go … Read more

Bank of England Explains Why Intervention Wasn’t Pivot to QE, But Effective Effort to Halt Death Spiral Triggered by Tax-Cut Panic in Gilt Market: Bond Purchases Near Zero this Week

Bank of England Explains Why Intervention Wasn’t Pivot to QE, But Effective Effort to Halt Death Spiral Triggered by Tax-Cut Panic in Gilt Market: Bond Purchases Near Zero this Week

Underlying pension fund issues can now be dealt with in an orderly fashion. By Wolf Richter for WOLF STREET. Bank of England Deputy Governor for financial stability Jon Cunliffe, in a letter to UK Parliament on Wednesday, confirmed that the BOE had stepped into the UK government bond market last week to stop a panic that had turned … Read more

Spotify cancels 11 original podcasts, lays off under 5% of podcast staff • TechCrunch

Spotify cancels 11 original podcasts, lays off under 5% of podcast staff • TechCrunch

Spotify is pulling 11 original podcasts from the platform, which will impact studios Parcast and Gimlet and involve less than 5% layoffs from Spotify’s podcast staff, a source familiar with the matter confirmed to TechCrunch. Spotify will also reassign some staff to other podcasts, we understand. Reached for comment, Spotify said it does not comment … Read more

Fed officials back further rate rises to tame high inflation

Fed officials back further rate rises to tame high inflation

Top officials at the Federal Reserve on Thursday pushed back on speculation that the US central bank will soon pause its aggressive monetary tightening campaign, emphasising instead the need for further interest rate increases. In her first public remarks since becoming a governor on the Federal Open Market Committee, Lisa Cook described inflation as a … Read more

Live news updates: Credit Suisse offers to buy back $3bn of its own debt – Financial Times

Live news updates: Credit Suisse offers to buy back bn of its own debt – Financial Times

Live news updates: Credit Suisse offers to buy back $3bn of its own debt  Financial Times Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist  CNBC Credit Suisse seeks to shore up investor confidence with $3 bln debt buyback  Reuters Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit … Read more

Fund manager says we’re in a ‘multi-year’ bull market

Fund manager says we’re in a ‘multi-year’ bull market

Oil has been on quite a ride this year, as prices soared due to the Russia-Ukraine war — and then turned volatile. Global benchmark Brent came close to its all-time high of $147 in March , but crude prices since then have generally declined, weighed down by mounting concerns over a possible recession and U.S. … Read more