Bitcoin and other cryptocurrencies extended declines after FTX agreed to be acquired by rival crypto exchange Binance. Stocks declined as investors waited to learn if Republicans would take control of one or both chambers of Congress.
The agreement between the competitors, who had recently traded barbs in public, comes after cryptocurrency companies and traders pulled money from FTX over concerns about the exchange’s financial stability.Long read
HKEX shares are down more than 40% since the start of the year, hit by a slump in trading activity and a sharp slowdown in new listings.4 min read
Wall Street is making a game plan for a fed-funds rate that some think could hit 6%, the highest since 2000.365 min read
Streaming losses more than doubled in the recent quarter but have reached their peak, says CEO Bob Chapek.3 min read
