Sign up to save your podcasts
Or
Share US Inflation Rises Amidst an Optimistic Downturn
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
US Inflation Rises Amidst an Optimistic Downturn
On today’s show we will look at the rise in inflation rate in the United States for the month of September 2023 and its effects on the economy. We will also take a look behind the Sam Bankman Fried trial. Netflix will be increasing their price for subscribers in certain regions, what impact will this have on the streaming giants?
The Consumer Price Index saw a 3.7% increase year over year, however core inflation which would remove volatile energy and food prices remained firm at 0.3%.
Treasury yields on the other hand rose shortly after the CPI data was released. Investors are also losing confidence in the US bond market as there was a greater than normal sell off in the bond market during afternoon trading as the new US auction was not highly sought after.
Sam Bankman Fried is now under trial due to his
misallocation and mismanagement of funds with FTX and Alameda Research. They had taken out a 2.2 Billion dollar loan to invest in venture investments, purchase real estate which included a mansion in the Bahamas and also donated a large sum of funds to government political
campaigns. Sun testified that he “was shocked” and went on further to share it had confirmed suspicions he had about FTX, Alameda Research and customer funds.
During the trail it was discussed that there was actually a leak of FTX’s balance sheet with the public which showed how heavily reliant Alameda was on FTT, the crypto token issued by FTX. The CEO of Binance Changpeng Zhao had then posted a message on Twitter that he would liquidate all his holdings in FTT and that is what led to the demolition of the FTX empire. Changpeng Zhao was actually willing to work with
Sam Bankman Fried in the early stages, however the relationship took a wrong turn once SBF became the most politically influential figure for crypto in the
United States, started publicly supporting crypto legislations and outright donating to political candidates in the United States.
Netflix has announced they will be increasing their subscription prices on certain plans for some markets.
Netflix had cut out password sharing earlier in
the year and saw growths of 8.8 million new subscribers for the July to September period, the most in almost 2 years. Prior to this growth, Netflix actually lost 1 million subscribers, possibly due to the clamp down on password sharing. The news was welcomed with positive reactions by investors as the share price for Netflix grew by 15.52% between the close of Wednesday and opening hours Thursday on the market to open at US$404.70 and then closing later at US$401.85.
View all episodes
By Money RoundupOn today’s show we will look at the rise in inflation rate in the United States for the month of September 2023 and its effects on the economy. We will also take a look behind the Sam Bankman Fried trial. Netflix will be increasing their price for subscribers in certain regions, what impact will this have on the streaming giants?
The Consumer Price Index saw a 3.7% increase year over year, however core inflation which would remove volatile energy and food prices remained firm at 0.3%.
Treasury yields on the other hand rose shortly after the CPI data was released. Investors are also losing confidence in the US bond market as there was a greater than normal sell off in the bond market during afternoon trading as the new US auction was not highly sought after.
Sam Bankman Fried is now under trial due to his
misallocation and mismanagement of funds with FTX and Alameda Research. They had taken out a 2.2 Billion dollar loan to invest in venture investments, purchase real estate which included a mansion in the Bahamas and also donated a large sum of funds to government political
campaigns. Sun testified that he “was shocked” and went on further to share it had confirmed suspicions he had about FTX, Alameda Research and customer funds.
During the trail it was discussed that there was actually a leak of FTX’s balance sheet with the public which showed how heavily reliant Alameda was on FTT, the crypto token issued by FTX. The CEO of Binance Changpeng Zhao had then posted a message on Twitter that he would liquidate all his holdings in FTT and that is what led to the demolition of the FTX empire. Changpeng Zhao was actually willing to work with
Sam Bankman Fried in the early stages, however the relationship took a wrong turn once SBF became the most politically influential figure for crypto in the
United States, started publicly supporting crypto legislations and outright donating to political candidates in the United States.
Netflix has announced they will be increasing their subscription prices on certain plans for some markets.
Netflix had cut out password sharing earlier in
the year and saw growths of 8.8 million new subscribers for the July to September period, the most in almost 2 years. Prior to this growth, Netflix actually lost 1 million subscribers, possibly due to the clamp down on password sharing. The news was welcomed with positive reactions by investors as the share price for Netflix grew by 15.52% between the close of Wednesday and opening hours Thursday on the market to open at US$404.70 and then closing later at US$401.85.