How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain
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Corporate/Industrial News
Qatar Airways Says Airbus Exerted Influence Over Regulator in Paint Dispute
The airline made the accusation to a London court as part of a case in which it claims that surface-paint...
FTX Files for Bankruptcy; Sam Bankman-Fried Steps Down as CEO
The cryptocurrency platform said Sam Bankman-Fried would remain at the company to assist with an orderly transition and it would...
SoftBank Posts Profit of More Than $21 Billion After Selling Alibaba Shares
TechShare sale more than offsets losses at SoftBank’s Vision Funds Source link
Elon Musk Raises Specter of Twitter Bankruptcy Amid Executive Turmoil
Twitter suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company. Source link
Inflation Report Leaves Fed on Track for 0.5-Point Rate Rise in December
The October inflation report is likely to keep Federal Reserve officials on track to approve a half-percentage-point interest-rate increase next...
Elon Musk Says Twitter Is Ditching Gray ‘Official’ Check Mark Hours After Launching It
TechThe label was supposed to indicate whether the social-media company had verified the authenticity of an account Source link
Disney Shares Slide as Streaming Losses Balloon
BusinessEarningsDeclines in streaming more than doubled in the recent quarter but have reached their peak, says CEO Bob Chapek Source...
Facebook Parent Meta Announces Layoffs of 11,000 Staff
TechLayoffs are the first broad head-count reduction to occur in the company’s history Source link
Elon Musk Sells Almost $4 Billion of Tesla Stock After Twitter Takeover
TechThe sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August Source link
WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs
WSJ News ExclusiveTechLayoffs are to begin on Wednesday morning, the CEO told hundreds of executives on Tuesday Source link
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
Lyft Shares Slide After Disappointing Revenue and Ridership Numbers
BusinessEarningsThe number of people using the ride-sharing app rose less than analysts had been predicting Source link
Foxconn Plans to Invest $170 Million in EV Truck Maker Lordstown Motors
BusinessAutos & TransportationAutos IndustryThe startup plans to use the funds to hire engineers, and will develop an electric vehicle with...
Job Postings With Broad Pay Ranges Leave Applicants Guessing in NYC
BusinessSome companies stretch salary ranges to hundreds of thousands of dollars as they comply with New York City’s pay-transparency law...
More Workers Get Side Hustles to Keep Up With Rising Costs
As full-time workers feel pinched by inflation, some are turning to second part-time jobs to supplement their incomes. Source link
WSJ News Exclusive | Airbnb to Make Cleaning Fees Clearer on Searches After Customer Complaints
WSJ News ExclusiveTravelThe travel company also says it will make predeparture cleaning requirements easier for customers to find earlier in...
Frackers Say Oil Production Slowing in the Shale Patch
U.S. oil-and-gas companies offer little relief for tight global market. Source link
Startups Look to Scoop Up Laid-Off Tech Workers
Flush with investor capital, technology startups plan to scoop up software developers, engineers and marketers flooding the labor market following...
Ex-MoviePass Executives Are Charged in Securities Fraud Case
The two men are accused of engaging in a fraudulent scheme to inflate the parent company’s stock and attract new...
