News & Perspective
Keep current on recent E.J. McKay news & industry trends.
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former…
Apple could double down on China market, Wedbush says, as iPhone sales drop
Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday. Challenges Apple needs to overcome its China challenges including a tough macro…
Bitcoin price can top $150,000 post-halving, analyst predicts
The bitcoin price might skyrocket to $150,000 in 2024, according to a new prediction shared by analyst Tom Lee on CNBC’s “Squawk Box.” $500,000 Lee, Fundstrat Global Advisors’ managing partner and head of research, also conceded that…
TikTok creators fear a ban as the House prepares to vote on a bill that could block the app in America
TikTok – and some of its users – are pulling out all the stops to contest a bill that could lead to a nationwide ban of the app. As House lawmakers prepare to vote…
Hong Kong scraps property curbs to boost weak housing market
Financial Secretary Paul Chan on Wednesday announced the scrapping of all property cooling measures, namely the Special Stamp Duty (SSD), Buyer’s Stamp Duty (BSD) and New Residential Stamp Duty (NRSD). Spicy The so-called…
Billionaire Zong Qinghou, founder of beverage giant Wahaha Group, passes away
Zong Qinghou, the founder of China’s largest beverage producer Wahaha, and formerly the country’s wealthiest individual, has died at the age of 79. Wahaha’s social media account announced that Zong had been receiving…
