Alameda Seeks to Claw Back $446 Million From Voyager Digital
Alameda Research Ltd., Sam Bankman-Fried’s defunct crypto trading house, is seeking to claw back about $446 million from bankrupt digital asset lender Voyager Digital Ltd.
Bloomberg Business
Whirlpool Sees Improving Profitability as Material Costs Ease
Whirlpool Corp. said it expects easing raw material costs to provide relief to profitability in 2023, even as economic activity loses steam. The shares rose in late trading.
White House Officials to Attend Memphis Funeral for Tyre Nichols
Four White House officials will attend the funeral this week of Tyre Nichols, the Black man whose death following a traffic stop has spurred renewed calls for police reform.
Showtime to Merge With Paramount+ Streaming Service This Year
Paramount Global is integrating Showtime cable-network programming into its Paramount+ service, creating a single product for the company’s original shows and movies.
Nasdaq 100 Suffers Its Biggest Drop in a Month: Markets Wrap
US stocks declined on Monday as investors turned cautious going into an eventful week that includes the Federal Reserve’s rate decision and a slew of big-tech earnings.
China Electric-Car Upstart Xpeng Pushes Back Profit Goal After Horror Year
Chinese electric vehicle maker Xpeng Inc. has pushed back its profit goal until 2025, after a horror year in which its shares plunged 80% and it delivered less than half its annual sales target.
Carvana’s 2023 Rally Tops 100% as Options Fuel Meme-Style Frenzy
Carvana Co. shares have doubled this year, and more head-scratching moves could be in store for the debt-strapped online used-car retailer amid bets the rally won’t last.
Black Swan Fund Manager Sees ‘Tinderbox-Timebomb’ in Financial Markets
Universa Investments, the hedge fund advised by “The Black Swan” author Nassim Taleb, told clients that ballooning debts across the global economy are poised to wreak havoc on markets rivaling the Great Depression.
Fox Renews Deal to Put Prime-Time Shows on Disney’s Hulu Service
Fox Corp. renewed a deal to stream its TV shows on Walt Disney Co.’s Hulu service the day after they air on the Fox broadcast network.
Trump’s Woes Grow With Grand Jury Probe of Porn Star Hush Money
Donald Trump faces new legal jeopardy after Manhattan prosecutors convened a state grand jury to investigate any role he may have played in making hush money payments to a porn star on the eve of the 2016 election.
