A look at the day ahead in European and global markets from Wayne Cole. Who knew a statistical difference of…
FTX looks for $9.4 billion in rescue funds, Bahamas freezes some assets
By Angus Berwick and Anirban Sen (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals,…
U.S. senator urges legislation after FTX collapse
By David Shepardson WASHINGTON (Reuters) -U.S. Senate Agriculture Committee chair Debbie Stabenow said on Thursday the U.S. Congress needs to…
SMIC Co-CEO warns of ‘adverse impact’ of U.S. export controls on production
SHANGHAI (Reuters) – Semiconductor Manufacturing International Corporation (SMIC) co-CEO Zhao Haijun said on Friday on an earnings call that recent…
Buffett’s Berkshire sheds large portion of US Bancorp stake
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, said on Thursday it has shed more than…
Wall Street ends sharply higher on sign of cooling inflation
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains…
AIG’s Zaffino gets 5-year extension as CEO
(Reuters) -Insurer American International Group Inc’s Chief Executive Officer Peter Zaffino’s employment term has been extended for five years through…
Bahamas securities regulators freeze assets of FTX’s unit
(Reuters) – The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a…
Mercedes F1 team evaluating FTX sponsorship, branding stays for now
SAO PAULO (Reuters) – The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency…
Crypto needs oversight to avoid harming Americans, White House says
WASHINGTON (Reuters) -Cryptocurrencies risk harming everyday Americans without proper oversight and the latest news involving crypto underscores these concerns, White…