A lot of crypto lenders were offering these savings accounts with, you know, ten to 20 % yields. But as it turns out, they were far less solid than everybody expected. Yavageor digital is the one that has a declared bankruptcy at this point.
Bloomberg News Technology Reporter Mark Bergen explains that Google plans to slow hiring for the remainder of the year in the face of a potential economic recession. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Markets Reporter Justina Lee talk about Justina's Businessweek Magazine story How Three Arrows Capital Blew Up and Set Off a Crypto Contagion. Saks CEO Marc Metrick shares the details of the Saks Pulse survey on luxury goods spending. Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital, provides a preview of bank earnings. And we Drive to the Close with Eddie Perkin, Chief Investment Officer for Equity at Eaton Vance.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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