The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing. Story Published at: January 24, 2023 at 12:44PM Continue Reading…
Live Nation Faces a Skeptical Senate
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…
The Crypto Collapse and the End of Magical Thinking That Infected Capitalism
Dogecoin. WeWork. The Metaverse. It was an era of illusory and ridiculous promises. Story Published at: January 16, 2023 at 10:00AM Continue Reading…
Wall Street Is Down on Corporate America
Earnings season kicks off this week, and analysts expect a big drop in corporate profits and more announcements about layoffs. Story Published at: January 9, 2023 at 12:56PM Continue Reading…
How Bankman-Fried Negotiated His Way Out of Jail
Intense legal wrangling led to the disgraced crypto mogul paying virtually nothing to live with his parents ahead of his upcoming trial. He returns to court on Tuesday. Story Published at: January 3, 2023 at 12:37PM Continue Reading…
The Year the Long Stock Market Rally Ended
How fast inflation and high interest rates upended markets across the globe. Story Published at: December 30, 2022 at 10:00AM Continue Reading…
The Year the Long Stock Market Rally Ended
How fast inflation and high interest rates upended markets across the globe. Story Published at: December 30, 2022 at 10:00AM Continue Reading…
Bankman-Fried’s ‘Epic’ Legal Battle
The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges. Story Published at: December 23, 2022 at 12:21PM Continue Reading…
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance. Story Published at: December 22, 2022 at 08:03PM Continue Reading…
Why This Is No Madoff Moment for FTX Creditors
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…