After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital. Story Published at: January 24, 2023 at 10:00AM Continue Reading…
The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried
Activist Investors Are Circling Salesforce
Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff. Story Published at: January 23, 2023 at 12:18PM Continue Reading…
The Week in Business: The Debt Limit and Politics
Microsoft and Alphabet, the parent company of Google, both said they would cut thousands of jobs. And initial estimates of economic growth in the U.S. in the fourth quarter come out Thursday. Story Published at: January 22, 2023 at 12:00PM Continue Reading…
Top Law Firm Advising FTX on Bankruptcy Can Keep Its Job, Judge Says
Sullivan & Cromwell was under attack for a potential conflict of interest tied to its work for the crypto exchange before the bankruptcy. Story Published at: January 20, 2023 at 07:19PM Continue Reading…
Why Netflix Is Changing the Guard
Reed Hastings’s move to become executive chairman may be a sign that the streaming giant thinks the worst may be behind it. Story Published at: January 20, 2023 at 12:28PM Continue Reading…
Crypto Lender Nexo Is Fined $45 Million as Crackdown Widens
It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX. Story Published at: January 19, 2023 at 10:36PM Continue Reading…
Why Some Executives Wish E.S.G. ‘Just Goes Away’
The environmental, social and corporate governance investment trend is booming, but it has also become a big distraction for business leaders. Story Published at: January 19, 2023 at 01:04PM Continue Reading…
Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’
Weary of crackdowns and lockdowns, businesspeople are moving out of China and taking their wealth with them. Many have found a new home in Singapore. Story Published at: January 19, 2023 at 10:00AM Continue Reading…
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years. Story Published at: January 18, 2023 at 02:15PM Continue Reading…
FTX Founder Gamed Markets, Crypto Rivals Say
Sam Bankman-Fried found ways to control the prices of digital coins to benefit his companies, FTX and Alameda, according to cryptocurrency investors. Story Published at: January 18, 2023 at 06:33PM Continue Reading…