Latest Wild FTX Allegations Include Plan to Buy Island of Nauru to Survive Cataclysm
Bankrupt FTX Trading Ltd.’s latest lawsuit against co-founder Sam Bankman-Fried and his former top executives revealed new details
2023-07-21 11:52
FTX Sues Bankman-Fried, Associates Over $1 Billion in Bad Deals
Bankrupt FTX Trading Ltd. will try to claw back millions of dollars in cash and unwind more than
2023-07-21 07:58
Alameda Executives Saw $10 Billion Cash Gap Months Before Collapse
Alameda Research’s former Co-Chief Executive Officer Caroline Ellison estimated there was a more than $10 billion cash deficit
2023-07-21 07:46
FTC to Pause Microsoft Merger Trial, Opening Door to Settlement Talks
The US Federal Trade Commission paused its in-house trial against Microsoft Corp.’s $69 billion acquisition of Activision Blizzard
2023-07-21 05:48
Startup Cerebras Takes on Nvidia With AI Supercomputers
Startup chipmaker Cerebras Systems Inc. announced that it’s built the first of nine artificial intelligence supercomputers in a
2023-07-21 04:48
Fed Debuts New Payments Network to Speed Up US Money Movement
The Federal Reserve debuted a new payments system designed to speed up the movement of money among banks
2023-07-21 02:16
OpenAI Backs Idea of Requiring Licenses for Advanced AI Systems
An internal policy memo drafted by OpenAI shows the company supports the idea of requiring government licenses from
2023-07-21 01:17
Tylenol Maker Kenvue Sinks on Looming J&J Exchange Offer
Kenvue Inc., the consumer-focused spinoff of Johnson & Johnson that owns brands such as Band-Aid and Tylenol, fell
2023-07-20 23:24
Infosys Cuts Sales Forecast as Companies Curtail IT Spending
Infosys Ltd. cut its annual sales forecast, signaling companies are delaying discretionary technology spending amid fears of an
2023-07-20 18:55
Sequoia Shakes Up VC Team, Sheds Two Crypto Investors
Sequoia Capital, the world’s most prestigious venture capital firm, now looks very different than it did just a
2023-07-20 06:49
IBM Maintains Full-Year Sales Forecast, Easing Fears of Slowdown
International Business Machines Corp. maintained its full-year forecast of 3% to 5% sales growth, overcoming investor anxiety about
2023-07-20 06:24
Venture-Capital Firms to be Held Liable for DeFi Sanctions Violations Under New US Bill
A new bipartisan Senate bill would hold venture-capital firms and other large investors accountable in some cases for
2023-07-20 03:45