Binance is the world’s largest crypto exchange, handling billions of dollars in daily trading volume. STR | NurPhoto via Getty Images Federal prosecutors unveiled an indictment against a crypto exchange called Bitzlato on Wednesday, alleging that it facilitated the laundering…
FBI Director Christopher Wray said Thursday that he is “deeply concerned” about the Chinese government’s artificial intelligence program, stressing that it is “not limited by the rule of law.” Speaking during a panel session at the World Economic Forum in…
Reed Hastings is stepping down as chief executive of Netflix, the company he founded 25 years ago, in a shake-up at the top of one of Hollywood’s most powerful studios. Hastings, who launched Netflix in 1997 as a DVD-by-mail service,…
Over the past three years, the global media and entertainment industry has been defined by the streaming war. Every media company created a streaming service to compete. Only the strongest will survive, the narrative goes. The losers will merge or…
When the US housing market collapsed in the second half of last year, construction also stalled and has yet to recover. December home starts, a useful measure of new home construction, fell nearly 22% compared to December 2021, the Census…
Social media sites are at risk of allowing terrorist content to flourish on their platforms after job cuts in the industry, undermining years of work on counter-terrorism, the UN-backed organization has warned. Some terrorist actors have stepped up their operations…
Morgan Stanley ( MS )’s multi-year transformation plan has been a success, CEO James Gorman said proudly today – and, as a shareholder, there’s no reason to disagree. “We have regularly de-risked the part of the business that made us…
Despite Crypto Winter, Bitcoin supporters are confident that the future for the fledgling industry is bright. And until this year, they have reason to celebrate. Bitcoin price has jumped more than 25% in the last few weeks just after 2022…
Americanas, the Brazilian retailer at the heart of an accounting scandal that has pitted some of the nation’s biggest corporate names against each other, has filed for bankruptcy protection hours after revealing its cash reserves have evaporated. Backed by several…
UBS’s Art Cashin is not surprised to see stocks struggling to continue the rally seen earlier in the year. There is a historical weakness in the last half of January, he said on CNBC “Squawk on the Street.” The rally…