Sam Bankman-Fried, the billionaire founder of cryptocurrency exchange FTX, has amassed a 7.6 per cent stake in online retail brokerage Robinhood, calling it an “attractive investment”. Bankman-Fried said in a securities filing he has no “intention of taking any action toward changing or influencing the control of [Robinhood]” and bought the stake purely as an […]
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, May 13 (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record […]
A new corporate culture memo from Netflix is taking a hardline stance on attempts to silence artistic expression by warning those who are offended by the streaming service’s content that they may want to go find a job somewhere else. Variety reports that the change in Netflix’s company culture appears to be in large part […]
New Yorkers preparing to install air conditioners for the hot summer months are going to get burned with higher electricity costs — a projected 12 percent hike over last summer’s monthly bills, utility officials warned Thursday. The summer sticker shock comes on top of the big hikes in utility bill costs over the winter. “New […]
The family of a 10-year-old girl who choked herself to death as part of a TikTok challenge is suing the video platform for negligence and having a ‘defective design.’ Nylah Anderson of Philadelphia was found unconscious in her mom’s bedroom closet on December 7. She hung herself from a purse strap after seeing videos related […]
Binance, the world’s largest cryptocurrency exchange, is moving to put a stop to trading of Terraform Labs’ Terra (Luna) and TerraUSD (UST) tokens on its platform following one of the industry’s biggest meltdowns. The exchange indefinitely suspended the trading of Luna and UST across most of its spot pairs Thursday evening after the tokens lost […]
WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp […]
CEO of Salesforce Marc Benioff attends a meeting with US President Joe Biden and private sector CEOs in the State Dining Room of the White House on January 26, 2022 in Washington, DC. Drew Angerer | Getty Images Salesforce told employees in a Slack message on Thursday that the company will help them relocate if […]
Cryptocurrencies are in a tailspin, stocks are sliding, and startups are dialing back growth efforts. It’s a rough time for businesses of all stripes, with CEOs and CFOs warning things could get worse. Here’s what they’re telling investors and employees to expect. loading Something is loading. Bitcoin appears to be in a tailspin, but Coinbase’s […]
Nehl’s office declined to answer a question about whether the lawmaker wanted the administration to stop sending baby formula to the detention center. Instead, his office issued a short statement, calling the Biden administration’s decision to send formula to detention centers “unconscionable.” “While parents struggle to find baby formula amid a nationwide shortage coupled with […]