Over the past week, the SBF and FTX situation has only grown more complex. More and more workers are getting let go as companies begin to prioritize profits over growth. And retail sales increased 1.3% in October but it seems to be fueled by consumer debt as US household debt rose to $16.5 trillion.
All these stories covered on “This Week in Finance”
November 10 - November 17
#stocks #ftx #crypto #news
-----
00:00 Busy week in finance
00:37 Cost cutting & Google activist letter
04:35 FTX saga continues & bankruptcy filing
10:33 Retail sales & earnings
14:45 Thank you for watching!
-----
Activist Letter: https://www.tcifund.com/files/corporateengageement/alphabet/15th%20November%202022.pdf
Amazon Cuts Jobs: https://www.cnbc.com/2022/11/14/amazon-reportedly-plans-to-lay-off-about-10000-employees-starting-this-week.html
2022 Tech Layoffs https://www.cnbc.com/2022/11/09/tech-layoffs-2022.html
SBF Vox Interview: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
Genesis: https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
BlockFi: https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
Genesis Tweet: https://twitter.com/JasonYanowitz/status/1592917789898989568?s=20&t=yF2vtZtZLdx5OmyqeNG7Yw
FTX Tweet: https://twitter.com/gurgavin/status/1593292792582635520?s=20&t=yF2vtZtZLdx5OmyqeNG7Yw
Retail Earnings Tweets: https://twitter.com/finfriendsYT
US Retail Sales: https://www.reuters.com/markets/us/us-retail-sales-beat-expectations-october-2022-11-16/
Household Debt: https://www.cnbc.com/2022/11/15/household-debt-soars-at-fastest-pace-in-15-years-as-credit-card-use-surges-fed-report-says.html
-----
Website- https://jemi.so/financialfriends 💻
Podcast- https://anchor.fm/financialfriends 🎙
Twitter- https://twitter.com/finfriendsYT 🐥
Instagram- https://www.instagram.com/finfriendsyt 📸
TikTok- https://www.tiktok.com/@finfriendsyt 🕺
Public- https://public.com/brendanschema 📈
Free Stock- https://share.public.com/brendanschema 💰
Dividend Tracker- https://thedividendtracker.com/?ref=DLz2Lb 📊
-----
*These videos are for entertainment purposes only and are NOT financial advice*
--- Support this podcast: https://podcasters.spotify.com/pod/show/financialfriends/support