Finance

Zero Hedge News
View In: Stock MarketAsia Leads Global Value Rotation On Chip Woes By Abishek Vishnoi, Bloomberg Markets Live reporter and strategist A rotation from growth to value stocks is more pronounced in Asia than anywhere else globally, as doubts grow over the chip rally’s staying power. MSCI’s gauge for value stocks in Asia Pacifi...

Truth Out
View In: pensionsThe measure makes a “lost and found” database for workers to track retirement funds at places they’ve previously worked.

Jacobin Magazine
View In: pensionsFor years, the retirement savings of teachers, firefighters, and other government workers have been funneled by public officials to secretive Wall Street firms that charge high fees in exchange for the false promise of outsized returns. But as the stock market plummets and asset values drop, there ar...

The Daily Poster
View In: pensionsLobbyists and their congressional allies are trying to protect secret deals that can enrich Wall Street insiders at workers’ expense.

Counter Punch
View In: CryptoTwelve days after the disgraced and corrupt crypto exchange, FTX, filed for bankruptcy, the New York Times ran this headline: “Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions.” The article explains that a tiny bank in Washington state, Farmington State Bank (also known as Moonstone Bank)...

Alternet.org
View In: CryptoEnvironmentalists celebrated after Democratic New York Gov. Kathy Hochul on Tuesday approved a two-year moratorium on permits for fossil fuel plants that power cryptocurrency mining operations which use proof-of-work authentication methods to validate blockchain transactions.While the cryptocurrenc...