‘The Devil in nerd’s clothes’: How Sam Bankman-Fried’s cult of genius fooled everyone
Crypto insiders paint a picture of a charismatic tech founder.
Investing
Recession Watch: Biggest stock market rally in years looks ‘overdone’
Stocks could continue to surge for another month, but “it’s still a bear market, so it could rip you apart,” one analyst warns.
Emerging VCs struggle to raise funds as nervous investors park their money in big-name firms
VC firms have raised a record $151 billion from their investors this year. But for newer VCs, many of who are from underrepresented groups, fundraising has become paradoxically harder.
How Australia can take charge on climate action with carbon removal
Whether you are a policy maker or engineer or a scientist there is room for you.
Coming up on the markets
Australia’s employment data, RBA meeting minutes, Chinese and US retail sales, UK CPI, Nvidia earnings in focus.
Tesla stock ‘tarnished’ by Musk’s Twitter antics, analyst warns
The Musk-Twitter saga started when the billionaire acquired a 9% stake in the firm back in April and within weeks announced a bid to acquire it at a massive premium.
‘Beware’ of Crypto investing or risk bankruptcy court, SEC Chair warns
The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry
US inflation in October climbed at slowest pace since January
The Fed has just one more policy meeting this year, concluding on December 5.
Banks bask in the fading light of economic sunlight
The sector has emerged from the pandemic with its best result since 2018.
Crypto stocks trade down but avoid major collapses on volatile day
Bitcoin proxies weathered downward pressure from the FTX collapse.