November 13, 20240 Comments

Why Tesla, crypto and prisons are Trump trade winners

Getty Images Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally. That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the world’s largest economy. A week on, the surge finally appears to be settling. The three major stock indexes in the US ended the day lower on Tuesday, after rising roughly 5% since 4 November,

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November 11, 20240 Comments

FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion

The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a “fraudulent” share deal. In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in

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