Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees. Story Published at: November 23, 2022 at 08:03PM Continue Reading…
Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
Losses Pile Up in FTX Bankruptcy Turmoil
The crypto exchange’s founder, Sam Bankman-Fried, says the company suffered a $51 billon collapse in collateral, but he thinks filing for Chapter 11 was a mistake. Story Published at: November 23, 2022 at 01:29PM Continue Reading…
What Will Iger Do with ESPN and Hulu?
With Robert Iger back in charge at Disney, his to-do list takes shape: turn around the streaming businesses, and groom a successor. Story Published at: November 22, 2022 at 01:25PM Continue Reading…
What Will Iger Do with ESPN and Hulu?
With Robert Iger back in charge at Disney, his to-do list takes shape: turn around the streaming businesses, and groom a successor. Story Published at: November 22, 2022 at 01:25PM Continue Reading…
Investors Cheer Leadership Shakeup at Disney
Shares in the entertainment giant climbed more than 9 percent in premarket trading on Monday following the ouster of chief executive officer Bob Chapek. Story Published at: November 21, 2022 at 01:18PM Continue Reading…
Twitter’s Nest Gets a Little Emptier
Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment. Story Published at: November 18, 2022 at 12:47PM Continue Reading…
Investor Losses From FTX’s Implosion Are Growing
The crypto exchange’s collapse is stoking fears of contagion across the industry. Meanwhile, FTX’s founder, Sam Bankman-Fried, is still speaking out. Story Published at: November 17, 2022 at 01:32PM Continue Reading…
Big-Name Donors Are Moving On From Trump
Deep-pocketed conservatives, including Stephen A. Schwarzman and Kenneth C. Griffin, said they plan to back alternatives to the former president. Story Published at: November 16, 2022 at 12:50PM Continue Reading…
Why the G20 Summit Matters to Investors
Stocks rallied in Asia on Tuesday following a historic meeting between President Biden and his Chinese counterpart, Xi Jinping. Story Published at: November 15, 2022 at 01:16PM Continue Reading…
Who Bears Blame for FTX’s Failure?
With the collapse of the giant cryptocurrency exchange, investors are asking whether regulators or the venture capitalists who funded FTX, are at fault. Story Published at: November 14, 2022 at 12:57PM Continue Reading…