Lawsuit Filed Over Plane Crash that Killed 8 Off of NC Coast

The families of four people — including three teens — who died in a February plane crash off the North Carolina coast are suing the companies that owned the plane and employed the pilot, who also died. The suit claims the pilot failed to properly fly the single-engine plane in weather conditions with limited visibility, … Read more

Cryptocurrency crash devalues Ukraine’s government crypto fundraise By Reuters

© Reuters. FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo By Elizabeth Howcroft LONDON (Reuters) – Ukraine, battered by three months of war, plans to continue to tap crypto investors to help raise funds after a plunge in prices decimated … Read more

Crypto crowd dominate Davos main street despite price crash By Reuters

2/2 © Reuters. FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo 2/2 By Jessica DiNapoli DAVOS, Switzerland (Reuters) – A free bitcoin pizza stall and a “Liquidity Lounge” were among the treats on offer for attendees at this year’s meeting in … Read more

Is The Economy Headed For a Soft Landing, Stagflation, or Crash?

Text size Federal Reserve Chairman Jerome Powell must tread carefully as the Fed navigates today’s economic conditions. Win McNamee/Getty Images About the author: Leslie Lipschitz, former director of the IMF Institute, has taught at Johns Hopkins University and Bowdoin College, been a guest scholar at the Brookings Institution, and an advisor at Investec Asset Management.  … Read more

New Mexico Court Upholds $165M Damage Awards in FedEx Crash

The New Mexico Supreme Court upheld $165 million of jury awards against FedEx in a wrongful-death lawsuit stemming from a deadly crash involving a Texas family and a contract driver for the delivery company. The 2011 crash on Interstate 10 west of Las Cruces killed Marialy Venegas Morga and her 4-year-old daughter and critically injured … Read more

It’s looking a lot like the dot-com crash again. Is the economy headed for an early 2000s-style recession?

The dot-com crash haunts the memories of many of the more seasoned investors on Wall Street, and this year’s stock market rout is conjuring up some serious déjà vu. The S&P 500 is down 19% since the start of the year, and the tech-heavy Nasdaq has fared even worse, plummeting over 28%. But we could … Read more

luna: From blood-on-the-streets to a full-blown bubble, some conversations post-crypto crash

People frequently seek for other investing options, particularly during stock market downturns. Traditionally, gold was seen to be a safe haven, but recently, the market has been buzzing about cryptocurrency, particularly stablecoins. Terra (UST), a stablecoin designed to peg the value of the US dollar, and its sister coin, Luna, both plummeted. Luna, a not-so-stable … Read more

Luna Terra USD: How a trash-talking crypto bro caused a $40 billion crash

Do Kwon, a trash-talking entrepreneur from South Korea, called the cryptocurrency he created in 2018 “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, rallying a band of investors and supporters he proudly referred to as “Lunatics.” Kwon’s company, Terraform Labs, raised more than $200 million from … Read more

U.S. agency opens probe into fatal Tesla vehicle crash that killed three By Reuters

© Reuters. FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson By David Shepardson WASHINGTON (Reuters) -A U.S. auto safety agency said Wednesday it has opened an investigation into a fatal crash involving a Tesla (NASDAQ:) vehicle in California … Read more