Economy on The Soothsayer / page 10

Wall Street Billionaire Hwang Sentenced to 18 Years for $10 Billion Fraud

Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison for his role in the collapse of Archegos Capital Management, which led to losses of over $10 billion for Wall Street banks. Hwang was convicted of 10 criminal charges, including wire and securities fraud, and market manipulation. The collapse of…

Altcoin Market Sees Significant Growth: 9 Tokens to Watch

The altcoin market is experiencing a surge in growth due to positive sentiment, with several tokens poised for rapid growth and investment appeal. Rexas Finance, Solana, Avalanche, Ethereum, Chainlink, SUI, Cardano, Dogecoin, and XRP are among the top tokens to watch. These tokens are expected to benefit from the growing demand for decentralized finance (DeFi)…

Comcast Spins Off Cable TV Networks as Streaming Dominance Continues

Comcast, the US media giant, has announced plans to spin off its cable television networks, including USA, Oxygen, and E!, as the company shifts its focus towards streaming services. This move comes as millions of viewers continue to cut the cord and rely on platforms like Netflix, YouTube, and Amazon Prime Video for their entertainment…

Whales Abandon XRP and ADA for Rising Meme Coin with Projected 10,000% Gain

Large cryptocurrency investors are shifting their attention from XRP and ADA to a new meme coin called DOGEN, which is poised for explosive growth. Predictions suggest that DOGEN could soar by 10,000% in the coming months, catching the eye of the entire crypto community. The DOGEN lifestyle promises a life of luxury and success, with…

Rio Tinto Faces Bullying and Harassment Issues Amid Workplace Culture Efforts

A recent review of Rio Tinto’s workplace culture has found that over a third of employees experienced bullying in the past year, with female employees being more likely to report such incidents. The company has made efforts to tackle sexism and racism, but the review suggests that more work is needed to achieve sustained change….

Top Cryptocurrencies to Watch in November 2024

The cryptocurrency market is expected to experience significant growth in November 2024, with several digital assets showing great potential for investment. Rexas Finance, Ethereum, Solana, Pepe Coin, Toncoin, Ripple, Polkadot, and Avalanche are among the top 8 cryptocurrencies that have stood out this month, offering a mix of stability, innovation, and large returns. Forecast for…

Trump Taps Former Congressman for Transportation Secretary, Promising a “Golden Age of Travel”

US President-elect Donald Trump has nominated Sean Duffy, a former congressman and Fox Business host, as his pick for Transportation Secretary. Trump believes Duffy will usher in a “golden age of travel” by prioritizing excellence, competence, and beauty in rebuilding America’s highways, tunnels, bridges, and airports. Duffy’s nomination comes as the US transportation sector faces…

Three Cryptocurrencies to Watch in November 2024

Qubetics, Binance, and Avalanche are emerging as top contenders in the cryptocurrency market, driven by innovative approaches and promising future growth. Qubetics is simplifying blockchain development with its QubeQode IDE, while Binance is expanding its reach through partnerships with Google Cloud. Avalanche is proving its scalability and focus on innovative projects like the Libeara Fund….

Spirit Airlines Files for Bankruptcy, Seeks Restructuring Amid Intense Competition

Spirit Airlines, a major US airline, has filed for Chapter 11 bankruptcy protection due to years of losses, failed merger attempts, and heavy debt levels. The airline has struggled with intense competition among US carriers for price-sensitive leisure travelers and an oversupply of airline seats in the domestic market. Despite this, Spirit expects to continue…

Top 9 Staking Platforms to Maximize Your Crypto Earnings in 2024

Staking has become a popular way for crypto investors to earn passive income. With the ever-evolving crypto space, choosing the right staking platform is crucial for maximizing returns. This article highlights the top 9 staking platforms of 2024, including StakingBonus, Binance, Kraken, Coinbase, Crypto.com, Huobi, PancakeSwap, eToro, and KuCoin. In the next 6 months, we…

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