Climateworks, carbon dioxide removal company, building Iceland plant

Climateworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a … Read more

The housing market slowdown is showing up in shipping data from China

Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by US importers of 20-30%, as recently reported by CNBC, and more recent data from US shippers shows the housing market slowdown is now showing up in the Asian supply chain date too. “We are seeing the impact and slowdown across … Read more

Three Arrows Capital crypto hedge fund defaults on Voyager loan

Bitcoin rallied to a record high of nearly $69,000 at the height of the 2021 crypto frenzy. In 2022, it’s moved in the opposite direction. Nurphoto | Getty Images Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on … Read more

5 things to know before the stock market opens Monday, June 27

Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters US stock futures rose before the … Read more

Wall Street layoffs are coming as deals boom turns to bust, insiders say

People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to a confluence of factors that have cast a pall over markets and caused most deal … Read more

Three Arrows Capital (3AC) faces deadline to repay loans or default

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing the liquidity crisis and many have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Three Arrows Capital, a crypto-focused hedge fund, … Read more

How to find a hidden spy camera in hotel rooms and rental homes

Nearly 60% of Americans said they were worried about hidden cameras in Airbnb homes in 2019. And 11% of vacation home renters said they had discovered a hidden camera during a stay, according to a survey by the real estate investment company IPX1031. Spy cameras are not a new problem. In South Korea, more than … Read more

No-fee trading has arrived for crypto. Here’s what that may mean for revenue at these companies

Zero-fee trading has come to the world of bitcoin, raising questions about how fee compression may affect revenues for crypto trading platforms. Last week, the US arm of the crypto exchange Binance, which had some of the lowest trading fees around, dropped fees for spot bitcoin trading. Shares of Coinbase, one of its main competitors … Read more

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more

Still very hot, despite isolated layoffs

A ‘We’re Hiring!’ sign is displayed at Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part of … Read more