The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets. Story Published at: December 20, 2022 at 12:31PM Continue Reading…
Why This Is No Madoff Moment for FTX Creditors
Elizabeth Warren Raises Questions About Elon Musk and Twitter
In a letter to Tesla’s board, the Democratic senator asks whether investors have been harmed by the billionaire tech mogul’s time running the social network. Story Published at: December 19, 2022 at 12:33PM Continue Reading…
Twitter Suspensions Draw International Outrage
After Elon Musk’s Twitter suspends journalists, lawmakers and press freedom advocates fire back, threatening sanctions and fines. Story Published at: December 16, 2022 at 01:44PM Continue Reading…
Wall Street Fears the Fed Could Cause ‘Some Damage’
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market. Story Published at: December 15, 2022 at 12:57PM Continue Reading…
FTX’s Founder Faces Growing Legal Troubles
The fallen crypto mogul Sam Bankman-Fried plans to fight extradition as charges pile up in what prosecutors called a record financial fraud. Story Published at: December 14, 2022 at 01:14PM Continue Reading…
Sam Bankman-Fried’s ‘House of Cards’ Teeters
Now under arrest, the fallen crypto mogul faces a barrage of charges, including defrauding investors out of billions. Story Published at: December 13, 2022 at 01:21PM Continue Reading…
Elon Musk’s Latest Jab from the Right
The Twitter owner has taken shots at targets like Dr. Anthony Fauci, the nation’s chief immunologist, in moves that may appeal to the right, but not advertisers. Story Published at: December 12, 2022 at 12:53PM Continue Reading…
The Stakes Behind the F.T.C.’s Bid to Block Microsoft’s Big Deal
In seeking to oppose the $69 billion takeover of Activision Blizzard, the agency is hoping to revamp the nation’s antitrust rules — even if it loses. Story Published at: December 9, 2022 at 12:45PM Continue Reading…
The Legal Heat Grows for Bankman-Fried
A federal investigation into whether the FTX founder’s trading firm illicitly manipulated the markets for two crypto tokens compounds his troubles. Story Published at: December 8, 2022 at 01:18PM Continue Reading…
An Activist Investor Takes on BlackRock Over E.S.G.
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Story Published at: December 7, 2022 at 12:39PM Continue Reading…