Startup Founders Fret Over Getting Fired Like Sam Altman
There’s a new task on the 2024 to-do list for founders: Make sure you can’t get Altmaned. While startups have ousted...
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Behind the Scenes of Sam Altman’s Showdown at OpenAI
Updated Nov. 22, 2023 7:14 am ETListen to article(2 minutes)Sam Altman was in Las Vegas for the biggest party of...
America’s Mortgage King Also Wants an NBA Crown—Right Now
Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, Mat Ishbia’s fingerprints were everywhere.He bought...
Fuel Prices Are Soaring. Who Is Feeling the Pinch?
Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link
The Race to Drill America’s Longest Oil and Gas Wells
With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling...
BYD, China’s Tesla, Is Coming for the World
The EV maker is about to become an export juggernaut and a threat to the world’s largest automakers. Source link
Labor Could Be Detroit’s Next Big Disruption
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Dan Schulman Took PayPal to New Heights. He’s Having a Bumpy Landing.
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing...
Online Banks Are Winning the Deposit War
Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have...
Municipal Bond Issuers on Edge as Debt Ceiling Deadline Nears
City and state governments fear a potential surge in borrowing costs and curtailed federal spending. Source link
Debt-Ceiling Fight Weighs on Defense Industry
Investors fear the fight could delay the passage of next year’s national-security budget—and hurt military contractors. Source link
Fossil-Fuel Veterans Find Next Act With Green Hydrogen
Executives see similarities between the nascent industry and the early days of liquefied natural gas. Source link
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank
MarketsCurrenciesCryptocurrencySpooked investors cashed out over $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents Source link
Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves....
War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
Blackstone’s Big New Idea Leaves It Bruised
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Surge in Hiring by Small Business Complicates Fed’s Effort to Cool Economy
EconomyU.S. EconomyCentral bankers point to labor market as a primary driver of high inflation Source link
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money...
Sam Bankman-Fried’s Lawyers Hash Out His Transfer to U.S. After Confusion in Court
MarketsCurrenciesCryptocurrencyThe FTX founder has agreed to be extradited, with lawyers drafting documents, according to a person familiar with the matter...
Slowing Growth Edges Out Inflation as Top Concern
Equities and fixed-income markets have diverged in December, suggesting that investors’ preoccupation with inflation is fading. Source link
