Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” in its ESG messaging.
Financial News
Morgan Stanley cut about 2% of global staff on Tuesday, sources say
Morgan Stanley is following rival Goldman Sachs in reinstating a Wall Street ritual that had been put on hold during the pandemic: the annual cull.
Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’
Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023.
OPEC+ agrees to stick to its existing policy of reducing oil production ahead of Russia sanctions
Oil prices have fallen to roughly $87 a barrel from more than $120 in early June ahead of potentially disruptive sanctions on Russian oil
European Union officials set Russian oil price cap at $60 a barrel
The European Union on Friday agreed to cap Russian oil prices at $60 a barrel, after several days of intense negotiations over an appropriate level.
OPEC+ to consider deeper oil output cuts ahead of Russia sanctions and proposed price cap
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.
Mark Mobius predicts bitcoin could crash 40% to $10,000 next year
Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor Mark Mobius told CNBC on Thursday.
European Central Bank says bitcoin is on the ‘road to irrelevance’
The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX.
‘Losing is not an option’: Putin is ‘desperate’ to avoid defeat in Ukraine as anxiety rises in Moscow
Moscow faces what’s likely to be months more fighting, military losses and potential defeat.
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
BlockFi was one of the first firms to be “rescued” by former billionaire Sam Bankman-Fried’s FTX earlier this year.