Author: News Room

Twitter’s ex-CEO Parag Agrawal and two other former executives are suing the Elon Musk-owned social media platform for failing to cover more than $1mn in personal legal expenses, including those related to an investigation by the US Department of Justice.Agrawal, Twitter’s former general counsel Vijaya Gadde and Ned Segal, former chief financial officer, were fired by Musk when he acquired the platform for $44bn in October.The trio claim that the company has “refused to acknowledge its obligations and to remit payment of any invoices”, after they personally incurred “significant expenses” responding to lawsuits and investigations related to their former positions.According…

There are a lot of negative narratives in the world right now. I don’t just mean in financial markets. I mean everywhere. One of the lessons I’ve learned in nearly 3 decades of investing is that when the narratives get hot and heavy in one direction, it’s time to start thinking about looking in the other direction. A scary narrative out there right now is that we are about to have a banking crisis. I think it’s more of a transition to higher rates and real estate value resets. And, I think that the Federal Reserve and FDIC are handling…

Watch full video on YouTube

Over the weekend, the cryptocurrency market experienced low volatility as Bitcoin continued to trade around $28,000.With prices moving sideways and trading volume increasingly declining, heightened volatility may be on the horizon.Hence, people looking to invest in the cryptocurrency market should closely monitor upcoming events and key indicators that could affect the selection of the best cryptos to buy now.The recent slowdown in employment and wage growth, while seemingly unfavorable for the economy, has led some investors to believe that the Federal Reserve may adopt a more cautious stance on interest rate hikes.In light of this, the release of the Consumer…

Democratic lawmakers sent letters to 14 of the largest depositors at Silicon Valley Bank, seeking details about the lender’s “unusually cozy” relationships with its well-heeled clients. Senator Elizabeth Warren of Massachusetts and Representative Alexandria Ocasio-Cortez of New York sent the letters Sunday to executives at Roku, Roblox, Circle and BlockFi, among others, raising questions about their “white glove” treatment by SVB. Silicon Valley Bank was known to cater to the tech startup world. But Warren and Ocasio-Cortez, citing media reports, raised concerns about whether the bank’s relationships went beyond industry standards and potentially hastened its collapse last month. SVB reportedly…

SHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition. BYD, backed by Warren Buffett’s Berkshire Hathaway, announced Monday a new technological system for stabilizing car rides through rugged terrain, sharp turns and even shallow water. The shock absorption tech is set to be a feature of the company’s recently launched premium brand Yangwang.”Traditionally, luxury cars were determined by brand and history. For luxury new energy vehicles, it’s a matter of what tech and products,” BYD founder Wang Chuanfu said in Mandarin at a…

Attorneys for former President Donald Trump are trying to block ex-Vice President Mike Pence from testifying in a special counsel investigation of Trump’s efforts to overturn the 2020 election, NBC News reported Monday.The latest move in the sealed court proceedings came less than a week after Pence said he would not fight a judge’s order for his testimony before the federal grand jury involved in the probe.Trump’s legal team has appealed that order from U.S. District Judge James Boasberg in Washington, D.C., NBC reported, citing a source familiar with the litigation. The notice to the U.S. Court of Appeals for…

After the Internal Revenue Service (IRS) released its roadmap showing exactly how it’s going to spend tens of billions of dollars over the next decade, economists are sounding off that the plan confirms their worst tax fears. “I think you’re going to see some major fights ahead on the budget where Republicans say: hell no, we’re not going to give you tens of billions of dollars more money,” FreedomWorks senior economic contributor and former Trump adviser Stephen Moore said on “Varney & Co.” Monday.”[Democrats and Biden] have made it very clear that their rhetoric was going to go after rich…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- year loans and higher for 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…

The 2023 banking crises unfolded at lightning speed, exposing how risk can quickly emerge from unsuspected nooks of the financial system. Silicon Valley Bank (SVB VB ), Signature Bank, and Credit Suisse folded within a couple of weeks, while First Republic Bank is teetering at the brink. The hasty failures shook confidence and brought a sense of déjà vu – flashback to the financial meltdown of 2008-2209. During financial turmoils, governments have repeatedly stepped forward as the savior of last resort, recently as in 2008-2009 and now in 2023. For decades, Traditional Finance (TradFi)infrastructure and the surrounding regulatory oversight environment…