Drew Angerer—Getty Images It appears as if U.S. economists may have popped the champagne corks on a soft landing too early—at least, according to Deutsche Bank. The German multinational bank’s top research team believes Washington has sparked a boom-bust cycle that now is nearing its end stage. In its house view, the recession slated to arrive as soon as October is the inevitable consequence of a series of aggressive rate hikes designed to extinguish the very flames of inflation that...

This week’s U.S. government crackdown on crypto trading platforms Binance and Coinbase come at a hefty price tag for their billionaire founders, Changpeng Zhao and Brian Armstrong. Nearly $2 billion of their combined wealth has been wiped away after the Securities and Exchange Commission, which claims responsibility for regulating virtually all of the 25,000 digital tokens in existence, filed lawsuits alleging both crypto exchanges operated unlawfully. According to Bloomberg Billionaires...

Warren Buffett said bank CEOs and directors who mismanage their institutions should face disciplinary consequences so as not to reward irresponsible behavior. While the Berkshire Hathaway CEO stopped short of explicitly calling for criminal prosecutions and prison sentences, his argument reopens old wounds from the 2008 global financial crisis. Not one major Wall Street banker ever went to jail for their role in that debacle, which plunged the U.S. economy into its longest and—prior to...

Incoming YouTube CEO Neil Mohan has crypto enthusiasts excited at the prospect that blockchain-enabled technology could soon become an element of the video site. Little is known about the executive, who joined in March 2008 after he helped sell his ad-tech firm DoubleClick to Google for $3.1 billion. One of the few one-on-one interviews with Mohan dates from August 2021. Publications like Decrypt are now pointing to a post from last February in which Mohan, then YouTube's chief product...

If there is one issue near and dear to the hearts of every young American, it’s the crushing cost of higher education that has created a mountain of $1.6 trillion in student debt. To help ease that pain, six years ago, at the tender age of 24, Charlie Javice launched her fintech Frank with the aim of making earning a degree affordable and accessible for all. “College tuition is too damn high,” she posted to LinkedIn late in 2020. “We founded Frank with a rebellious spirit and a big goal:...