![s s s s s s s s s s s s s s s s s s](https://i1.sndcdn.com/avatars-000306404178-wnnfn9-t240x240.jpg)
But no significant rise in investment product volumes was recorded for the whole week, at $5.8 bln. On that day, Bitcoin volume also jumped to $15 billion, well above the usual $8 billion a day on average for November and December. The downwards move was exacerbated by more than $1 billion in liquidations. On Friday, the stock market posted a decline, and the next day the crypto market tumbled in tandem, wiping out billions of dollars.
![s s s s s s s s s s s s s s s s s s](https://img2.mashed.com/img/gallery/the-real-reason-you-should-never-order-arbys-cheddar-cheese-sauce/intro-1594164846.jpg)
While money flowed into the crypto market, late on Friday, $40 million were posted in outflows. CNBC‘ s Robert Frank suggests that his tax bill “is the largest in history.”įor those wondering, I will pay over $11 billion in taxes this yearĭuring the latest crypto sell-off, digital asset investment products still managed to draw in $184 million in inflow for the week ending December 3. Musk previously asked his nearly 63 million followers whether or not he should sell 10% of his stake in Tesla to pay taxes, with a majority voting in favor of the move. Elon Musk says he’ll pay over $11 billion USD in taxes this year Chanel has increased the prices of some of its classic handbagsĪ spokeswoman from Chanel told Bloomberg that the price increases are due to “unspecified exchange-rate fluctuations, changes in production costs and to ensure its handbags cost roughly the same around the world.” Some speculate that Chanel is hiking up its bag prices to appear more exclusive.3. The Business of Fashion December 23, 2021Ģ. has sold the British department store operator to a consortium led by Thai conglomerate Central Group. The joint deal is valued at an estimated £4 billion GBP (approximately $5.36 billion USD).īreaking News | The billionaire dynasty behind Selfridges & Co. The legendary London store has now been acquired by Thai retail group Central Group and Austrian property company Signa Holding. HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.īusiness1. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before. Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Nikolas Kokovlis/Nurphoto/Getty ImagesTech 47 Hypes 0 Comments