CEO in Charge of FTX Restructuring Calls Case an ‘Unprecedented’ Mess
The crypto exchange exhibited a “complete failure of corporate controls,” former Enron chief John Ray said in his first detailed...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Kamala Harris Leads U.S. Push to Bolster Economic Ties in Asia
WorldThe Biden administration is pursuing closer business ties and higher environmental and labor standards at an APEC summit in Bangkok...
The Best and Worst Airports of 2022
San Francisco and Sacramento top The Wall Street Journal’s rankings for large and midsize airports. Newark and LaGuardia rank last....
Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
Elon Musk Recently Floated Possibility of Having a Successor at Tesla, a Board Member Says
TechTestimony came after Mr. Musk said he expected to find a new person to run social-media company Twitter Source link
Amazon to Cut 10,000 Employees From Corporate Ranks
Amazon said it is laying off employees across its corporate ranks, in a rare round of cuts for a tech...
Buffett-Backed Electric-Car Giant BYD Halts Spinoff of Chip Unit
BusinessChinese company says IPO shelved to focus on booming electric-vehicle demand as chip bottleneck persists Source link
NASA Presses Toward Early Morning Artemis I Launch
The agency scrubbed two earlier tries due to technical challenges and had to plan around hurricanes. Source link
Taylor Swift’s Concert Ticket Sales Plagued by Ticketmaster Delays
BusinessFans report frustration and inability to get tickets for singer’s first concert in five years Source link
Home Depot Sales Up 5.6% in Third Quarter
BusinessEarningsHome-improvement retailer logs logs higher sales despite fewer transactions Source link
Meta, Lyft, Salesforce and Other Tech Firms Dump Office Space as They Downsize
Real EstateRetreat is a blow to office market and to many cities, which have relied on sector’s real estate appetite...
Apple, Fortnite Battle Moves Before Appeals Court Over App Store Monopoly Claims
Three judges are hearing the high-profile case that now includes the Justice Department and could determine the fate of the...
Amazon Set to Lay Off Thousands of Corporate Workers
The layoffs are targeted for corporate employees and could primarily affect Amazon’s devices business, as well as human resources and...
President Biden, Xi Jinping Move to Stabilize U.S.-China Relations
The leaders instructed officials to resume talks on major global priorities, while acknowledging areas of deep disagreement that could disrupt...
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
WorldAsiaChinaPartial easing of housing-sector rules comes as Beijing also seeks to lessen economic toll of strict Covid controls Source link
China’s Global Port Investments Give Rise to Security Worries
Security concerns related to Chinese investments in overseas ports are mounting as the country’s firms acquire more stakes at shipping...
Wanted: Paralegal. Starting Pay: Depends on Which New York Firm.
Now job seekers can discover that a litigation paralegal at one law firm will earn a base salary of $55,000,...
Bankrupt Crypto Exchange FTX Probing Unauthorized Transactions
MarketsCurrenciesCryptocurrencyMore than $370 million worth of crypto funds appears to be missing, according to risk-management firm Elliptic Source link
WSJ News Exclusive | Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds
Alameda Research CEO and senior FTX officials are said to have known that FTX had lent its customers’ money to...
