Researchers at the South Korean crypto exchange Bithumb have named seven factors they believe will affect bitcoin (BTC) and crypto prices in 2023 – and determine whether the bear market will give way to bullish forces for a sustained period.The crypto exchange’s researchers claimed that…

US retail sales continued to fall in December, dropping by 1.1% amid high inflation, the Commerce Department reported Wednesday. Economists had expected sales to fall 0.8% for the month, according to Refinitiv. The November number was revised down to -1%. Annual retail sales were up…

Media start-up Semafor is exploring ways to buy out its biggest outside backer Sam Bankman-Fried, the disgraced founder of the FTX cryptocurrency exchange, in a plan that would hold the money in custody. Before the collapse of FTX last year, Bankman-Fried contributed more than a…

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCGoldman Sachs CEO David Solomon told CNBC Wednesday that his firm suffered an upsetting quarter partly due to its overly ambitious consumer efforts.”We obviously had a…

Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease.The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. Economists…

Macau was a refuge for those fleeing the second world war. In the past few decades, the former Portuguese colony has become a refuge for the cash of Chinese billionaires. Now Macau faces the end of its fuzzy status as privileged enclave within China.A court…