Ken Griffin’s Citadel to return $7B in profit to clients
Hedge fund Citadel expects to return about $7 billion in profits to its investors in the first week of January after a stellar performance this year, a...
Tesla to conduct layoffs, implement hiring freeze as stock sinks: report
Elon Musk’s Tesla is set to conduct layoffs and freeze further hiring as the electric car maker contends with a sustained downturn in its stock...
Champagne makers pop corks on record $6.5B in sales despite inflation
Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive bubbly, producers said ahead of...
Why a US housing recovery is ‘still miles away’ after sales cratered in November
The struggling US housing market is “still miles away” from a recovery, a prominent firm warned Wednesday after data revealed existing home sales cratered in...
Dow, stocks jump 500 points buoyed by Nike
Wall Street’s main stock indexes closed higher on Wednesday with help from upbeat Nike and FedEx quarterly earnings, as well as improving consumer confidence and easing inflation...
FTX seeks to claw back Sam Bankman-Fried’s political donations
FTX’s new leadership team signaled that it will attempt to claw back money that disgraced ex-billionaire Sam Bankman-Fried and his close associates improperly funneled to...
Elon Musk says he saved Twitter from $3B shortfall with cuts
Elon Musk laid off half of Twitter’s staff and slashed costs in order to save the company from a $3 billion hole in its budget,...
FTX CEO Sam Bankman-Fried signs Bahamas extradition papers
Accused crypto grifter Sam Bankman-Fried is one step closer to an American courtroom Tuesday, after he signed legal paperwork to begin the extradition process. The...
Tech bros who ran $800M events startup to bankruptcy spent lavishly on drug-fueled parties
Two British tech entrepreneurs who led an event and travel startup that was worth as much as $800 million spent hundreds of thousands of dollars...
FTC deepens probe into Twitter’s privacy, security: report
The Federal Trade Commission is deepening its probe into Twitter’s privacy and data security practices, Bloomberg News reported on Tuesday, citing sources familiar with the matter. The...