As part of bankruptcy proceedings, failed crypto exchange FTX told a federal judge last week that it has returned more than $5 billion in assets. New documents released on Tuesday reveal the source of the figures, as well as details…
The Bank of Japan has defied market pressure and left yield curve control measures unchanged, sending them diving and pushing stocks higher as they stuck to the core pillars of ultra-loose monetary policy. Traders in Tokyo said the BoJ’s decision,…
Morning commuters in front of the Bank of Japan (BOJ) headquarters in Tokyo, Japan, Monday, January 16, 2023. The Bank of Japan did not change its yield curve control policy on Wednesday. Bloomberg Bloomberg Getty Images The Japanese currency fell…
A nine-person jury sat Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk lied to investors by asserting in 2018 tweets that he had secured financing to take on a private electric car. The five-hour process…
A panel of nine jurors will hear opening arguments on Wednesday in a trial over Elon Musk’s tweets claiming he has “safe funds” to take Tesla private in 2018. The class action lawsuit was brought by investors who claimed Musk…
Investors have returned to tech stocks, with the tech-heavy Nasdaq leading all three major Wall Street indexes since the start of the year, rising more than 6%. But fund manager Trent Masters of Alphinity Investment Management isn’t convinced — and…
Do you want an espresso machine once used by a Twitter employee? Or the neon display of its logo? Fans of the social media company have a chance to get their hands on merchandise from the San Francisco headquarters starting…
Plunging profits in the two premier investment banks of Wall Street triggered a contrasting reaction from investors, who punished Goldman Sachs for a sharp fall in investment banking fees while rewarding Morgan Stanley’s push to a more stable business. The…
The FTX logo displayed on a phone screen is seen through broken glass in this illustrative photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki/NurPhoto via Getty Images Bankrupt crypto firm FTX said on Tuesday that $415 million…
Microsoft Corp. plans to cut jobs in some engineering divisions there, according to people familiar with the matter, joining the ranks of the technology giants that are scaling back as the industry prepares for a prolonged slump in demand. The…