The shipping giant has a demand problem, while Nike may be out of the woods. (0:21) Asit Sharma discusses: - FedEx cutting $1 billion in costs to make up for weak demand - UPS solidly outperforming FedEx (for years) - Nike getting past their inventory problems and increasing digital sales (10:30) John Rotonti and Ricky Mulvey analyze the implications of interest rates being higher for longer and one company that's benefiting. Stocks mentioned: FDX, UPS, NKE, BX Holiday Music: Looks Like A Cold, Cold Winter by Ingrid Michaelson Host: Chris Hill Guests: Asit Sharma, John Rotonti Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
The most valuable crypto stories for Wednesday, Dec. 21, 2022.
"The Hash" group discuss today's top stories, including another domino falling during crypto winter as bitcoin miner Core Scientific files for chapter 11 bankruptcy. Plus, a creditor committee that includes crypto exchange Gemini has presented a plan to Genesis and Digital Currency Group (DCG) to “provide a path for the recovery of assets." DCG is the parent company of CoinDesk. And, Paxful CEO Ray Youssef announces ether's (ETH) removal from his marketplace.
This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Bitstamp is the longest running crypto exchange and recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net.
Ah, what a perfect way to end a year of fraud, deception and disappointment. Earlier this week, on-chain sleuths noticed that more than 100 BTC were on the move from wallets that were controlled by and theoretically only accessible to former QuadrigaCX CEO Gerald Cotten. The problem? Cotten was supposed to have died in December of 2018.
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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.
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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.
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Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.
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Cryptowatch is the last crypto app you’ll ever need. Track prices up to two times faster than other apps. Catch market movements as they happen with powerful charting tools and custom alerts. Sync your portfolio and trade across multiple exchanges. And stay in the community conversation with leading influencers on Cryptowatch Social. cryptowatch.app.link/social.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Glasgow” by Falls. Image credit: solar22/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
The rumors have been building for years: multiple countries now accuse China of illegally setting up police stations abroad, forcing hundreds of innocent people to permanently return to China against their will. So how much of this is propaganda, and how much is true? Tune in to learn more. They don’t want you to read our book.
On this episode of “You’re Wrong,” a production of "The Federalist Radio Hour," Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi discuss the origins of Hanukkah, make the case for why Senate Minority Leader Mitch McConnell has to go, review the left-wing spending spree included in Congress's omnibus bill, and talk about the sham Jan. 6 Committee's show trial.
Sampa The Great is a songwriter, rapper, and singer from Zambia. She was based in Australia for years, but came back to Zambia in 2020, shortly before the pandemic hit. When she couldn’t travel, she decided to make her next album there in Lusaka. The album is called As Above, So Below, and it was produced by Mag44.
In this episode, Sampa the Great and Mag44 break down the closing song "Let Me Be Great," which features vocals from legendary West African singer Angélique Kidjo, winner of 5 Grammys and one of TIME’s Most Influential People. I got to speak to Angélique Kidjo in her studio in Paris, and I spoke to Sampa the Great and Mag44 in Lusaka. Together, the three of them tell the story of how they made "Let Me Be Great."
Today’s podcast looks at the rank politics being played around the visit of Ukrainian President Wolodymyr Zelensky’s stunning one-day trip to Washington to meet with Joe Biden and speak to Congress. Also, seriously? We’re supposed to mask up again? Give a listen. Source
Holiday travelers are in a race with the weather. Tax returns ordered released by Congress show the IRS did not complete any mandatory audits of former President Trump while he was in office. Ukraine's president goes to Washington. Correspondent Steve Kathan has the CBS World News Roundup for Wednesday, December 21, 2022:
