(Reuters) -Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in Delaware on Nov. …
Collapsed FTX owes nearly $3.1 billion to top 50 creditors Read More »
WASHINGTON (Reuters) -The Inter-American Development Bank (IDB) said on Sunday its board of governors has elected Brazil’s Ilan Goldfajn as president of the financial institution, after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations. Five countries – Argentina, Trinidad and Tobago, Mexico, Brazil and Chile – had nominated candidates to …
Brazil’s Goldfajn elected to replace ousted IDB president Read More »
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. President Donald Trump’s company to use the Trump Brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas. The regulatory statement issued …
Saudi Arabia’s Dar Al Arkan signs deal with Trump family for Oman project Read More »
By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Saturday he is ready to “move away” from three-quarter-point rate hikes at the Fed’s December meeting and feels the Fed’s target policy rate need rise no more than another percentage point to tackle inflation. “If the economy proceeds as I expect, I …
Fed’s Bostic: Ready to ‘move away’ from large rate increases at next meeting Read More »
By Michael S. Derby BOSTON (Reuters) – For all the tumult and disruptions of the coronavirus pandemic, U.S. labor markets have come out on the other side not far from the strong conditions that prevailed before the crisis, a paper presented at a Boston Fed research conference said. Almost all of the hit the U.S. …
U.S. job market little affected by pandemic, say researchers Read More »
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, the company said in a filing made public Saturday. The news follows the company’s recall on Friday of nearly 30,000 Model X cars in the United States over an issue that …
Tesla recalls 321,000 U.S. vehicles over rear light issue Read More »
(Reuters) -Cryptocurrency exchange FTX, which recently filed for U.S. bankruptcy court protection, has fired three of its top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday, citing an FTX spokeswoman. The other fired executives were engineering director Nishad Singh and Caroline Ellison, who ran FTX’s trading arm Alameda Research, the newspaper …
(Reuters) – Elon Musk posted a poll on Twitter on Friday evening asking users to vote on whether former U.S. President Donald Trump, who was banned from the social media site by its previous owners, should be reinstated to the social media site. (Reporting by Dan Whitcomb; Editing by Sandra Maler)
(Reuters) – Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was a mistake, the company’s co-founders wrote in an email to employees on Friday. “Laying off team members is always the last resort, but unfortunately it was needed after other options …
U.S. autonomous delivery vehicle startup Nuro cuts staff by 20% Read More »
By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes. Federal Reserve Bank of Boston leader Susan Collins …
