SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …
Meta takes on the US antitrust agency over the future of virtual reality Read More »
Opinions expressed by Entrepreneur the contributors are theirs. Starting a business can be a long and difficult process. As a commercial real estate broker, I see businesses start up regularly. Observing these startups allowed me to see the benefits of good role delegation. Many sole proprietors are eager to take on the bulk of business …
5 people you need on your team to start a business Read More »
NEW YORK, Dec 6 (Reuters) – FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head of his now-defunct trading subsidiary, called in defense attorneys as authorities Americans are investigating the collapse of the crypto exchange, according to a Bankman-Fried spokesperson and a source familiar with Ellison’s selection. Bankman-Fried has retained Mark S. …
Bankman-Fried and Ellison seek attorneys as FTX probes escalate Read More »
LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …
Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco Read More »
NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, founder and former CEO of now bankrupt crypto exchange FTX, tried to distance himself from suggestions of fraud in his first public appearance since the collapse of his business. losses totaling billions of dollars. Speaking via video link at The New York Times Dealbook Summit with Andrew …
Sam Bankman-Fried says he ‘never tried to commit fraud’ Read More »
Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …
HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC Read More »
Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the industry’s latest casualty after the company was hit by the exposure to the dramatic collapse of the FTX …
Crypto lender BlockFi files for bankruptcy, cites exposure to FTX Read More »
Weekly jobless claims increase from 17,000 to 240,000 Continuing claims rise by 48,000 to 1.551 million Core capital goods orders rebound 0.7% in October Shipments of basic capital goods jump 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for unemployment benefits hit a three-month high last week amid rising tech …
US weekly jobless claims at 3-month high; resilient capital expenditure Read More »
SEOUL, Nov 21 (Reuters) – Two years ago, in an upscale Seoul neighborhood, a white Tesla Model X slammed into the wall of a parking lot. The fire accident killed a prominent lawyer – a close friend of the South Korean president. Prosecutors have charged the driver with manslaughter. He blames Tesla. Choi Woan-jong, who …
Tesla safety at center of South Korean lawsuit over fatal crash Read More »
Trials show small benefit, but without statistical validity Roche setback leaves Biogen and Eisai as leaders in the field It’s up to Roche’s CEO-designate to revive development fortunes Roche shares down 3.4%, its development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) drug candidate for Alzheimer’s disease has not been shown to slow …
Roche’s Alzheimer’s drug fails in long-awaited trial Read More »
