In the midst of the stormy conditions plaguing the crypto industry in the summer of 2022, the board members of Gemini, the well-known crypto exchange founded by Tyler Winklevoss and Cameron Winklevoss, convened to discuss their collaboration with Barry Silbert's crypto-lending business, Genesis Capital. Just a month prior, Three Arrows Capital had defaulted on a staggering $1 … [Read more...] about Gemini’s Risky Partnership with Genesis Capital
Mexican Government and Airport Operators Reach Agreement on Tariff Regulations
The Mexican government has announced that it has reached an agreement with private airport operators to make adjustments in tariff regulations and increase concession fees. The agreement includes Grupo Aeroportuario del Sureste (Asur), Grupo Aeroportuario del Pacífico (GAP), and Grupo Aeroportuario Centro Norte (OMA), which operate some of Mexico's busiest airports. The current … [Read more...] about Mexican Government and Airport Operators Reach Agreement on Tariff Regulations
American Express Reports Strong Q3 Performance
American Express Co. has outperformed profit expectations in the third quarter, with strong spending and positive credit metrics. The company recorded a net income of $2.45 billion, or $3.30 per share, compared to $1.88 billion, or $2.47 per share, in the same period last year. Analysts had predicted earnings of $2.95 per share, according to FactSet. Total revenues, excluding … [Read more...] about American Express Reports Strong Q3 Performance
Oil Futures Rise Amidst Rising Tensions in the Middle East
The oil futures market experienced a boost on Friday, as prices continued to climb for the second consecutive week. This upward trend comes in the aftermath of the October 7th attack on Israel by Hamas, which ignited a war that now poses a substantial threat to the stability of the entire region. As tensions escalate, concerns over potential disruptions to the crude supply have … [Read more...] about Oil Futures Rise Amidst Rising Tensions in the Middle East
Tesla Inc. Shares Fall Below Key Chart Level
Shares of Tesla Inc. (TSLA) dropped 3.2% in morning trading on Friday, slipping below a significant chart level that suggests the start of a longer-term downtrend. The stock has experienced a 16.4% decline over a three-day losing streak, following the disappointing earnings report of the electric vehicle manufacturer. This current performance is set to become Tesla's worst … [Read more...] about Tesla Inc. Shares Fall Below Key Chart Level
