This Week in Finance
This Week in Finance
Financial Friends
FTX saga & bankruptcy filing, tech companies cut costs, retail earnings stay strong (for now)
15 minutes Posted Nov 20, 2022 at 5:00 pm.
Busy week in finance  
Cost cutting & Google activist letter 
FTX saga continues & bankruptcy filing 
Retail sales & earnings 
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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 โ€œThis Week in Financeโ€   
November 10 - November 17  
#stocks #ftx #crypto #news  
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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
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*These videos are for entertainment purposes only and are NOT financial advice*
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