DIRS.INFO The most relevant business & tech news

☆ Sam Bankman-Fried was 'delusional' about how FTX collapsed and the culpability he deserves, Mike Novogratz says
▼ + stars: | 2022-12-01 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried is "delusional" about the downfall of FTX and his level of culpability in it, Mike Novogratz said. At the DealBook Summit, Bankman-Fried tried to deny having any knowledge of what was happening in his crypto empire. But while speaking to CNBC on Thursday, Novogratz wasn't buying any of it. Sam was delusional about what happened and his culpability in it," the Galaxy Investment Partners chief executive said. "They perpetuated a large fraud and it wasn't just Sam," Novogratz said.

☆ Billionaire bitcoin bull Mike Novogratz says crypto should and will be regulated and the FTX disaster has created a 'deficit of trust' in the whole industry
▼ + stars: | 2022-11-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The FTX disaster has created a "deficit of trust" in crypto, according to bitcoin bull Mike Novogratz. The industry should and will get regulated he said, pointing to the fallout of Sam Bankman-Fried's crypto exchange. But while investors are being rocked by this bout of volatility, crypto isn't going anywhere, he told CNBC. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. And so in no world is bitcoin is going away, or quite frankly, the blockchain and Ethereum and everything else," he said.

☆ Lewitinn: Crypto is a flock of "black swans"
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLewitinn: Crypto is a flock of "black swans"Lawrence Lewitinn of CoinDesk discusses the fallout from the collapse of FTX, and how so many smart money investors missed the problems at the crypto exchange.

What this portends for stocks going into year end is unclear, but given how low volatility is just now it is reasonable to assume investor demand for protection and hedging will rise. Afraid of missing out on a year-end rally, investors are now paying a premium for equity 'call' options over 'puts'. Benchmark volatility gauges like the VIX index of implied vol on the S&P 500 or the V2TX index of implied vol on euro stocks rise when demand for put options spikes. The VIX has fallen recently to near a two-month low even as the S&P 500 has surged into the green and lurched back into the red. By mid-October the S&P 500 was down 25% and ripe for a bounce.

☆ This 22-year-old survives Lebanon with a bitcoin mining business that's been earning $20,000 a month
▼ + stars: | 2022-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Against this backdrop, Abu Daher jumped into the crypto mining business a little over two years ago. Zoom In Icon Arrows pointing outwards Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu DaherIt has been 26 months since Abu Daher first set up shop, and he says that business is thriving. watch nowBuilding a bitcoin mining businessAbu Daher had a few black swan events on his side soon after he broke into crypto mining. In January, police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process.

☆ JPMorgan breaks down 4 reasons why it's time to buy into small and mid-cap stocks amid aggressive monetary tightening
▼ + stars: | 2022-11-07 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

JPMorgan says the medium-to-long-term outlook for SMid stocks has "never looked stronger." Since the end of January 2022, US small and mid caps have continued to outperform large caps. Large-cap stocks will underperform compared to SMid stocks medium to long term as well. Over the past several years, large caps have also experienced explosive growth in sectors like big tech as well. In the near-term, there are still risks associated with overweighting to certain SMid stocks.

☆ Go ahead. Go crazy with avocados. There's a massive glut and prices are cooling off
▼ + stars: | 2022-11-02 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

New York CNNBusiness —There’s at least one item in the grocery store that is getting less expensive: avocados. A significant supply glut of the buttery fruit has triggered a drop in wholesale prices, sending store prices lower as well. A glut of global avocado supply has triggered a significant drop in prices. “In the first half of 2022, avocado shipments from Mexico were 25% lower compared to the record-high shipments we saw in 2021,” said Magana. Those regulations were quickly lifted, but not before causing a further run-up in store prices.

☆ Megan Fox and Machine Gun Kelly channeling ‘Pam & Tommy’ top the list of celebrity Halloween costumes
▼ + stars: | 2022-10-30 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Some throwbacks to notable ’90s-era celebrities were standouts as the stars stepped out this weekend in costume for their Halloween festivities. One couple acknowledged a pair that came before them, when Megan Fox and Machine Gun Kelly channeled Pamela Anderson and Tommy Lee, respectively, at the Casamigos Halloween Party Returns in Beverly Hills, California on Friday night. Josh Duhamel and Audra Mari at the Casamigos Halloween Party Returns in Beverly Hills on Friday in Beverly Hills, California. at the Casamigos Halloween Party Returns in Beverly Hills, California on Friday. Vanessa Hudgens as Black Swan at the Thriller Night Halloween Party, hosted by Prince Michael Jackson, at the Jackson Family Home in Encino, California on Friday.

☆ A filmmaker sees rising fame, but grapples with his future if DACA ends
▼ + stars: | 2022-10-26 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

LOS ANGELES — Under a string of golden street lights, the directions roll off Jorge Xolalpa’s tongue interchangeably in English and Spanish as he paces the sidewalk with a cameraman by his side. Moments like these are precious to Xolalpa, whose eyes dart with excitement as he describes his love of film. Xolalpa was nine in 1998 when his mother collected him from school in Mexico and took him to catch an airplane bound for Los Angeles. He said his mother was escaping his abusive father, and that she sold toys and T-shirts in Los Angeles’ densely packed downtown streets to make ends meet. Xolalpa said he didn’t initially apply for DACA, fearing his family could be deported if he handed his personal information to immigration authorities.

☆ Emmanuel the TikTok-famous emu doesn't have bird flu, caretaker says
▼ + stars: | 2022-10-25 | by ( Angela Yang | Angela Yang Is An Intern For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Emmanuel the emu, who caused hysteria online last week when his caretaker suggested he might have contracted the highly contagious bird flu, is OK. It turns out Emmanuel became ill from stress, his caretaker, Taylor Blake, said in a lengthy Twitter update over the weekend. "Emmanuel Todd Lopez tested negative for Avian Influenza at 2 separate labs, swab, fecal and blood," Blake tweeted. Taylor Blake and Emmanuel the emu of Knuckle Bump Farms. "We believe this all stemmed from stress," Blake tweeted.

☆ JPMorgan president says a recession may be price to pay to beat inflation, market bottom not in yet
▼ + stars: | 2022-10-24 | by ( Hugh Son | ) www.cnbc.com time to read: +6 min

Al Drago | Bloomberg | Getty ImagesJPMorgan Chase President Daniel Pinto has vivid memories of what life is like when a country loses control of inflation. "If it causes a slightly deeper recession for a period of time, that is the price we have to pay." The Fed funds rate will probably peak at around 5%; that, along with a rise in unemployment, will likely curb inflation, Pinto said. "We're dealing with a market that is pricing the probability of recession and how deep it's going to be," Pinto said. "Real rates should be higher in the next 20 years than they were in the last 20 years," Pinto said.

"Look we all love Emmanuel the Emu but he has avian flu. Avian flu experts, too, said touching an infected emu isn't advisable, given that the virus can jump from animals to humans in rare cases. H5N1, the bird flu strain currently spreading, is highly contagious among birds, and it can be deadly to them. "Once an avian virus can move to mammals, now we’re in the realm of 'Yeah, we better be careful.'" All three experts said scientists are watching this bird flu closely even though the risk to humans is low.

☆ Handicapping whether the stock market is at a turning point after Thursday's upside reversal
▼ + stars: | 2022-10-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

We can at least run through what we know about this market and how market cycles tend to unfold more generally. Fewer individual S & P 500 stocks made a new 52-week low than in mid-June even as the index itself undercut the June low, a modest positive glimmer. The prior extreme lows on this chart were near noteworthy market lows, if not always right at them. The Stock Trader's Almanac notes that of the 23 S & P 500 bear markets since World War II, seven ended in October. The S & P 500 has failed in four tries of since late August even to get above the short-term 20-day moving average, most recently on Friday.

REUTERS/Brendan McDermid/File PhotoOct 12 (Reuters) - Signs of stress are growing in the global financial system, sparking worries over everything from contagion between markets to ruptures in financial products. This week alone, a gloomy report from the International Monetary Fund flagged risks of “disorderly asset repricings” and “financial market contagions” while JPMorgan chief Jamie Dimon predicted a looming recession. Global financial conditions, which reflect the availability of funding, touched their tightest since 2009 in late September, an index compiled by Goldman Sachs showed, lifted by surging interest rates, falling equities and a soaring dollar. “There are dollar funding shortages.”The IMF's Global Financial Stability Report, released Tuesday, also highlighted specific risks in open-end investment funds and the leveraged loan market. U.S. Treasury Secretary Janet Yellen on Tuesday said she has not seen signs of financial instability in U.S. financial markets despite high volatility.

☆ Rouble hits over 2-month high vs dollar, Russian stocks stutter
▼ + stars: | 2022-09-29 | by ( Alexander Marrow | ) www.reuters.com time to read: +4 min

By 1217 GMT, the rouble was 0.9% stronger against the dollar at 57.00 , earlier hitting 56.5450, its strongest point since July 22. "For now, the rouble is supported by fears that new sanctions from the West could paralyse dollar trading in Russia," said Alor Broker in a note. STOCKS RECOVERY STUTTERSBCS Global Markets said geopolitical risks should prohibit any major leg up for Russian stock indexes, which pared early gains. The rouble-based MOEX Russian index (.IMOEX) was 1.4% lower at 1,936.0 points, heading back towards February lows hit on Monday. "In the coming days, the Russian market should trade in a narrow band - investors are likely to sit on the fence hoping for more clarity," BCS said.

☆ JPMorgan's Erdoes: In this turbulent market, there are opportunities everywhere
▼ + stars: | 2022-09-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

watch nowIn this turbulent market, opportunities abound, according to JPMorgan's Mary Callahan Erdoes. Stocks have been trading in a bear market this year as investors navigate inflation, Federal Reserve interest rate hikes and talk of a potential recession. A black swan is an unexpected event that results in panicked selling, while a white swan is a predictable crisis that can be addressed. Specifically, Erdoes sees a tremendous amount of opportunity in China, although she admits the country's complex market might not be for everyone. On Wednesday, the Bank of England purchased U.K. bonds in an effort to calm the market chaos.

☆ Stanley Druckenmiller sees 'hard landing' in 2023 with a possible deeper recession than many expect
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Our central case is a hard landing by the end of '23," Druckenmiller said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. I don't know the timing but certainly by the end of '23. Druckenmiller believes the extraordinary quantitative easing and zero interest rates over the past decade created an asset bubble. "All those factors that cause a bull market, they're not only stopping, they're reversing every one of them," Druckenmiller said. To me, the risk reward of owning assets doesn't make a lot of sense," Druckenmiller said.

☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
▼ + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?

☆ The COO of the famed black swan fund that reportedly banked a 4,144% return during the 2020 stock market crash shares the 3 requirements that would put crypto on their radar — and why they haven't ent
▼ + stars: | 2022-09-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

But the crypto-heavy conference meant one hedge fund wasn't in attendance. Universa Investments, a black swan fund that specializes in purchasing protection against major market crashes, skipped out this year. The Miami-based hedge fund, which has $15.5 billion in assets under management, made headlines in the past after its flagship Black Swan Protection Protocol fund reportedly returned 4,144% amid the stock market crash of 2020. Many crypto investors may perceive these digital assets, bitcoin specifically, as a hedge against the devaluation of currencies. You need to have a clear thesis for why you're picking crypto assets over a tech stock, like Microsoft for example, he said.

☆ Клип BTS «Butter» набрал 200 млн просмотров, установив новый рекорд
▼ + stars: | 2021-05-25 | by ( Mld Media Srl | ) noi.md time to read: 1 min

Музыкальное видео «Butter», которое было выпущено 21 мая 2021 года в 13:00 по корейскому времени, набрало 200 млн просмотров на YouTube с поразительной скоростью. 25 мая в 14:26 по корейскому времени музыкальное видео достигло отметки в 200 миллионов просмотров. Ему потребовалось для этого всего четыре дня и один час. Это означает, что «Butter» установил новый рекорд, набрав 200 млн просмотров быстрее всех музыкальных видео. Он побил рекорд BTS, установленный с «Dynamite» (4 дня и 12 часов).

Persons: Steve Aoki, Luv, “ Locations: “

☆ НАТО подготовило диверсантов для высадки в Крыму
▼ + stars: | 2021-05-18 | by ( Mld Media Srl | Степанов Георгий | ) noi.md time to read: +1 min

На учениях специальных сил НАТО Trojan Footprint 21 и Black Swan 21, прошедших в начале мая, войска отрабатывали сценарии конфликта с Россией, в том числе высадку групп диверсантов в Крыму - важной «крепости» российской армии. Автор отмечает, что Крым — ключевая для вооруженных сил РФ точка, обеспечивающая защиту России на суше и в воздухе. Он также коснулся вопроса вооружений, которые российская армия развернула на полуострове со времени его присоединения к российскому государству в 2014 году. В апреле телеканал CNN заявил, что Россия якобы наращивает беспрецедентное военное присутствие и испытывает новейшее вооружение в Арктике. В материале утверждается, что Россия преследует две цели: обезопасить север страны и запустить судоходство по Северному морскому пути.

Persons: Сергей Лавров Organizations: Swan, CNN, НАТО, ВМС, Североатлантический альянс, МИД, Арктический совет Locations: Россия, Крым, РФ, Москва, Арктика

Search resuls for: "Black Swan"

21 mentions found