Hurricane Ian forces airlines to ax west Florida flights

Local residents fill sandbags, as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge, at Ben T. Davis Beach in Tampa, Florida, US, September 26, 2022. Shannon Stapleton | Reuters Airlines canceled flights and at least one major airport on Florida’s west coast said it will suspend operations … Read more

Texas AG Paxton fled home with his wife to avoid subpoena in abortion case

Texas Attorney General Ken Paxton fled his home to avoid being served a subpoena Monday in a federal lawsuit filed by groups seeking to help Texans receive out-of-state abortions, court filings show. Paxton ran from the garage of his home in McKinney, Texas, into a truck driven by his wife, State Sen. Angela Paxton, while … Read more

Cathie Wood’s new fund gives small investors access to the VC market for just $500

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T Fallon | AFP | Getty Images Cathie Wood’s Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500. The … Read more

Home prices cooled at the fastest rate in index history

A ‘for sale’ sign is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images US home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a new report out Tuesday. Home prices in July were … Read more

Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX

Sam Bankman-Fried, founder and chief executive officer of the FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jenah Moon | Bloomberg | Getty Images Customers of beleaguered cryptocurrency lender Voyager Digital may find some solace in the … Read more

Do Kwon says he’s not hiding amid manhunt after UST, luna collapse

Do Kwon, co-founder and chief executive officer of Terraform Labs, insists that he is not on the run from South Korean authorities. Meanwhile, South Korean prosecutors claim that Interpol has issued a “Red Notice” for the arrest of Kwon. Terraform Labs, the company that Kwon founded, is behind the collapsed cryptocurrencies terraUSD and luna, which … Read more

Keurig Dr Pepper, CSX, Li Auto and more

Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig’s margins as commodity inflation, especially related to coffee, remains elevated. Lucid Group — … Read more

The golden age of globalization has ended: Singapore’s Lawrence Wong

“The golden age of globalization that we experienced in the last 30 years since the end of the Cold War has clearly ended and we are entering a new era, a new era that will be marked by greater geopolitical contestation,” said Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong. Bloomberg | Bloomberg … Read more

Bitcoin (BTC) price surges to top $20,000 even as stocks hit 2022 lows

Bitcoin continues to trade in a tight range of $18,000 to $25,000 mark, keeping investors on edge about where the price is going next. The crypto market has been plagued with a number of issues from collapsed projects to bankruptcies. nur photo | Getty Images Bitcoin topped $20,000 on Tuesday, hitting its highest level in … Read more

3 charts that show the UK’s market meltdown

pound plunge Sterling’s response to the government’s announcement was near-immediate and extreme. The pound lost nearly 3.6% against the dollar Friday and continued to fall Monday when the market reopened. It hit an all-time low below $1.04 early Monday morning in London. It has since recovered slightly, trading around $1.08 at 8:30 am Tuesday, but … Read more