What sparked Wall Street’s crazy sell-off?
A stunning $2.5 trillion was wiped off the value of the tech-heavy Nasdaq on Thursday as investors rushed to dump tech stocks, rattled by fears that Democrats’ midterm victories could slow the AI buildout. But another force made the sell-off more brutal: Investors who had borrowed heavily to bet on the boom were under pressure to sell.
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US perpetual futures approvals draw risk warnings from Wall Street
The CFTC has approved crypto and single-stock perpetual futures, while traditional exchanges challenge how the products are classified and whether existing safeguards are adequate.
Villa Vie Odyssey held in Singapore under court order
The ship arrived in Singapore on Nov. 8 and was arrested under a court order. There are no passengers aboard, and creditors are arranging for the crew’s welfare; the claim...
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