Elon Musk’s reaction on Friday to the latest wave of Twitter chaos was to tweet a photo of the company logo superimposed on a tombstone. Former Twitter employees wonder if the company’s problems are indeed existential. Since Tesla’s chief executive took office last month, the company has been hit with massive job cuts, an advertiser …
Law enforcement in the Bahamas revealed on Thursday that officials had seized assets belonging to the former cryptocurrency platform FTX and transferred them to a government-controlled wallet for “safeguarding”. The cryptocurrency platform, which was controlled by young multi-billionaire Sam Bankman-Fried, filed for bankruptcy last week after users discovered that trading firm Alameda Research, a company …
Government Entity That Seized FTX Crypto Assets Steps Forward | The daily thread Read More »
Roger Reinhardt works third shift at a Michigan beer production plant from 10 p.m. to 8 a.m., four days a week. He initially started working night shifts because it was the only shift available when he started working, but he continued to do so for the extra pay. But it’s not easy. “It all comes …
‘It’s killing us all slowly’: How the night shift is taking its toll on American workers Read More »
A European-style winter energy crisis is looming over New England in the northeastern United States, even as US producers of natural gas export record volumes and a wave of fuels crosses the Atlantic. Utility bosses in the region have called for emergency help from Washington in anticipation of a crisis, while lashing out at a …
New England ‘imports European prices’ in looming gas supply crisis Read More »
Americans could face the highest gas prices ever for the Thanksgiving holiday season, as millions prepare to hit the road amid still-high prices and inflation. The national average price of a gallon of gasoline is expected to hit $3.68 next Thursday, November 24, as Americans gear up for the holiday. That number is 30 cents …
Illustration: Sarah Grillo/Axios This article originally appeared in Axios Finish Line, our nightly life, leadership and wellbeing newsletter. Register here. Four years ago, a 14-year-old boy who had lost both parents suddenly fell into our lap, Jim writes. We knew Kelvin years earlier, when he was playing football with our biological son. We had mostly …
FTX founder Sam Bankman-Fried said the collapsed crypto firm shouldn’t have filed for bankruptcy and slammed regulators in an interview published by news site Vox on Wednesday. Bankman-Fried, known as SBF, later came back the comments and said the direct messages he exchanged with the reporter on Twitter were not meant to be public. “It …
Sam Bankman-Fried Says FTX’s Bankruptcy Filing Was a Mistake in Interview Read More »
By Prerana Bhat BENGALURU (Reuters) – The Federal Reserve will downgrade in December to propose a 50 basis point interest rate hike, but economists polled by Reuters say a longer period of U.S. central bank tightening and a peak higher policy rates are the biggest risks to the current outlook. U.S. consumer price inflation unexpectedly …
Fed to raise rates by 50 basis points, but top policy rate could be higher: Reuters poll Read More »
BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downgrade in December to propose a 50 basis point interest rate hike, but economists polled by Reuters say a longer period of U.S. central bank tightening and a higher policy rate peak are the biggest risks to the current outlook. U.S. consumer price inflation unexpectedly fell …
The Fed will raise rates by 50 basis points, but the key rate could be higher Read More »
Former Federal Reserve Vice Chairman Alan Blinder reflects on the Fed’s next steps after October’s CPI report and offers insight into the US economic outlook. Federal Reserve policymakers have poured cold water on investors’ hopes of a pause in interest rate hikes as they stress the need to crush runaway inflation and warn against future …
Is the Fed preparing to pivot on interest rate hikes? Not so fast, say policymakers Read More »
