SBF Is Going to Prison, but the Fight Over Money at FTX Drags On
The crypto exchange’s collapse is still a source of anger and frustration for many onetime customers, more than a year later.
The crypto exchange’s collapse is still a source of anger and frustration for many onetime customers, more than a year later.
The buy comes as slowing e-commerce growth is pressing third-party service providers to find new growth strategies.
Private buyers might have more stomach for the struggling retail sector than jaded stock investors.
From private-equity ownership to IPO plans, some of the world’s biggest professional-services providers weigh overhauls to evolve.
The administration will soon issue a proposed regulation that could slash student loan balances for millions of Americans.
Foxconn Technology Group projected growth in the second quarter despite the impact of a big earthquake that hit Taiwan this week.
The South Korean firm plans to add a second semiconductor factory and advanced-packaging facility at its new hub outside Austin.
The EU target of filling gas storage facilities to 90% of capacity by the beginning of November to prepare for the next winter season should be met comfortably, according to BMI.
Base metals and gold were weaker as the market mood sours ahead of U.S. jobs data, with Swissquote Bank saying higher-than-expected nonfarm payrolls and hotter-than-expected wages growth could potentially delay the Fed’s plan for interest-rate cuts.
The move to open a port and a border crossing comes ahead of the Israeli military’s report on strikes that killed seven aid workers.
Emerging economies have joined the U.S. and Europe in shielding domestic manufacturers from a rising tide of Chinese imports.
Japanese Prime Minister Fumio Kishida said his government wouldn’t rule out any measures in dealing with foreign-exchange rates.
Apple is laying off more than 600 workers in its first major job cuts since the Covid-19 pandemic, coming on the heels of the company’s decision to cancel its vaunted electric car project.
Shell said it expected first-quarter earnings to reflect strong gas trading, although profits will fall sharply from the previous quarter, while its production volumes are on track to exceed its previously disclosed target.
A U.S. judge spared Joe Lewis from prison time for the British billionaire’s role in an insider-trading scheme, citing his age and poor health.
An Airbus unit developing high-altitude drones could consider an initial public offering after it launches commercial operations in the coming years, its chief executive said.
Alaska Air Group received a $160 million payment from Boeing as initial compensation to make up for lost profits due to the midair blowout of a door plug on a flight in January.
Telecom Italia has signed an agreement for roughly $1.6 billion in bridge financing to cover its needs until completion of a planned sale of its fixed-network unit.
German manufacturing orders rose 0.2% in February, lower than economists’ forecasts and reflecting only a moderate rebound as demand for goods remains sluggish.
Germany’s new May 2041-dated Bund, which will be launched at an auction next Wednesday, “may price rather on the cheap side given the off-benchmark tenor,” Commerzbank Research said.
China Oilfield Services has suspended operations of drilling rigs related to a multibillion-dollar contract in the Middle East, a setback for China’s largest offshore drilling contractor in one of its most important international markets.
India’s central bank kept its policy rate unchanged as the country’s economic growth remains strong and inflation eases.
Indian shares were lower early in the session, dragged by falls in steel and tech stocks, as diminishing hopes for early Fed rate cuts weighed on markets across Asia.
With U.S. commitments in doubt as never before, leaders from Paris to Warsaw are facing the prospect of deterring Putin on their own.
The topic—a weak spot for President Biden—ranks as more important than inflation and the economy, recent polls show.