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Showing posts from January, 2023

3 emerging use cases in embedded finance

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Embedded finance remains a hot topic at every financial services event you're likely to attend – and with good reason!   David Barton-Grimley looks at emerging embedded finance use cases - including lending, proptech, wealth, and more in this 11:FS Explores.

Scam Calls Are Still a Huge Problem. How Do We Block Them?

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Phone scams may seem like a thing of the past, but nearly a quarter of older adults who reported losing money in a scam last year said it all started with a phone call. But, there is tech that can help prevent these criminals from tricking you or your loved one.  WSJ family and tech columnist Julie Jargon joins host Zoe Thomas to explain what they are and how they work.

Lehman Brothers - The Bank That Bust The World

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In 2008, Lehman Brothers went bankrupt, causing the global financial crisis.  In this video, we'll explore the history of Lehman Brothers and the 2008 financial crisis, from sub prime mortgages to the global recession.  This video is for history buffs, financial experts, and anyone who wants to learn more about the 2008 financial crisis.  Lehman Brothers is a key player in this epic story, and we'll tell you all about the bank that broke the world. 

Crypto: The World’s Greatest Scam

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Bitcoin to Blockchains, to NFTs, to Web 3.0... it's time to find out if it's really all the hype or just part of one of the greatest scams in human history.

SBF Blames Everyone But Himself

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Sam Bankman Fried recently released a substack post were he deflects blame for the FTX collapse.  SBF's substack post can be read HERE .

99% of crypto is a scam

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Economist Nouriel Roubini has ratcheted up his fiery commentary on the stricken cryptocurrency industry, particularly toward FTX and its now-disgraced founder, Sam Bankman-Fried, commonly known as SBF. "FTX and SBF are not an exception — they're a rule," the NYU professor, who is known as "Dr. Doom" for his dire perspectives on global trends, said on Yahoo Finance Live at the World Economic Forum in Davos, Switzerland, on Wednesday. "Literally 99% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is going bust." Get the full story and watch the interview HERE .

Elon's Twitter Circus (With Updates)

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The full story of the Elon-Twitter situation. What has happened since it all started and why is Elon now scared of the FBI? In this episode from ColdFusion, we'll find out.

$100 Million Pump & Dump Scheme!

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Federal prosecutors and the SEC recently charged seven Influencers with using Twitter, Discord and YouTube to commit securities fraud that netted them more than $100 million.  An eighth influencer was charged with aiding and abetting the alleged scheme in the SEC’s civil complaint and with conspiracy to commit securities fraud in the Department of Justice’s criminal case.  Each of the defendants had well over 100,000 Twitter followers as of this month, they ran a podcast called "Pennies: Going In Raw" and a YouTube channel called "Goblin Gang". Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. "Pump and dump" schemes have two parts. In the first, promoters try to boost the price of a stock with false or misleading statements about the company. Once the stock price has been p...

Why a strong dollar isn't as good as you think

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The U.S. dollar is the world’s dominant currency and plays a key role in global trade. While that may seem like good news to Americans, it’s bad news for much of the world.  “So here’s the paradox. The rest of the world despises how dominant the dollar is, yet they go to the U.S. dollar, because there really isn’t much of an alternative,” said Eswar Prasad, an economist at the Brookings Institution and professor at Cornell University.  Despite constant predictions of the dollar’s demise, nearly 60% of the world’s central banks’ foreign exchange reserves – the money the hold to cover unexpected financial emergencies – are invested in dollar-denominated assets.  The share of the U.S. dollar as a payment currency worldwide is more than 40%, while it makes up more than 60% of international debt and 50% of loans globally.  Besides being the go-to currency for international financial transactions, commodities such as oil are also bought and sold in U.S. dollars.  The ...

Why We Trust Fraudsters!

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From Enron to Wirecard to Theranos and FTX, elaborate investment scams can remain undetected long after the warning signs appear. What are investors missing?

Prosecutors Step Up Pressure on Bankman-Fried's Associates

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US authorities are ratcheting up pressure on Sam Bankman-Fried’s inner circle as they scrutinize former close FTX associate Nishad Singh, according to people familiar with the matter. Bloomberg's Sonali Basak reports.

Amazon to Slash More Than 18,000 Jobs

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Amazon is now saying it is laying off more than 18,000 employees, which is significantly more than previously planned and the latest sign that the tech slump is deepening. Su Keenan reports on Bloomberg Television.

Apple Wants to Recreate Its ‘iPhone City’ Supply Chain Outside China

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Apple is facing an uphill battle as it plans to shift its production out of China. Here’s why it’s difficult to replicate Foxconn’s ‘iPhone City’ in Zhengzhou and the company’s finely-tuned ecosystem in countries like India and Vietnam.

Fractured markets: the big threats to the financial system - FT Film

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Interest rates are rising; easy money is over; the cracks are showing. UK pensions were the first big explosion. FT experts and financial industry insiders examine where the next big threats to the global financial system lie and explain why when the tide goes out, we can see who is swimming naked.

How Trump’s Taxes Became Public — And What They Reveal

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A yearslong legal battle for President Trump’s tax returns has finally ended. And it’s yielded 6 years of his detailed returns. WSJ explains what we learned about Trump's income and how the returns were made public.