Fidelity marks down value of its Twitter stake by 56% to $8.63 million
Dec 31, 2022 23:58 pm UTC| Business Technology Economy
Fidelity Blue Chip Growth Fund slashed the value of their Twitter stake by 56 percent $8.63 million in November 30, following Elon Musks $44 billion buyout. The value of the funds Twitter stake was $19.66 million at the...
FTX says Bahamas regulators hold just $296 million, not $3.5 billion of its assets
Dec 31, 2022 23:54 pm UTC| Digital Currency Economy Business Law
Bankrupt cryptocurrency exchange FTX disputed claims by the Securities Commission of the Bahamas (SCB) that it was holding $3.5 billion of its assets, insisting that the seized assets were worth just $296 million, The...
Microsoft-Activision case set for pre-trial on Jan. 3
Dec 31, 2022 23:53 pm UTC| Law Economy Business Technology
The first pre-trial hearing in the Federal Trade Commissions (FTC) case against Microsoft over its $69 billion bid to take over Activision Blizzard has been set for Jan. 3. The FTC, which enforces antitrust law, asked a...
US review could delay or block Binance’s acquisition of Voyager Digital
Dec 31, 2022 23:30 pm UTC| Digital Currency Economy Business Investing
A US national security review could block or delay Binances $1.022 billion acquisition of bankrupt crypto lender Voyager Digital. According to the interagency body Committee on Foreign Investment in the United States...
JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein sex abuse accusers
Dec 31, 2022 23:25 pm UTC| Economy Business Law
JPMorgan Chase Co and Deutsche Bank AG are seeking the dismissal of lawsuits by women who accused Jeffrey Epstein of sexual abuse and blamed them for enabling and ignoring red flags about the late financiers sex...
Ex-FTX CEO Bankman-Fried set to enter not guilty plea in crypto fraud case
Dec 31, 2022 23:10 pm UTC| Law Digital Currency Economy Business
Former FTX CEO Sam Bankman-Fried is expected to enter a plea of not guilty to criminal charges that he looted billions of dollars and cheated investors at his cryptocurrency exchange. Bankman-Fried is accused of...
China's manufacturing activity drops for third straight month in December
Dec 31, 2022 23:09 pm UTC| Health Economy Business
Chinas manufacturing activity contracted sharply in December for the third month in a row, according to Purchasing Managers Index (PMI) The coutrys PMI came in at 47 points, down from Novembers 48 and well below the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects