Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more
WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data … Read more
Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion after being knocked down by a rout of the market with FTX exchange and lender BlockFi. Genesis Global Capital, a leading crypto lender, froze client redemptions on … Read more
Jan 19 (Reuters) – U.S. mobile operator T-Mobile (TMUS.O) said on Thursday it was investigating a data breach involving 37 million postpaid and prepaid accounts and planned to take legal action. significant costs related to the incident. The company said it identified malicious activity on January 5 and contained it within a day, adding that … Read more
Jan 18 (Reuters) – Citigroup Inc (CN) has discriminated against the firearms industry, Texas Attorney General Ken Paxton’s office said, in making a decision that “effectively” to prevent Texas from underwriting most municipal bond offerings in the state. Republicans have stepped up pressure on the financial industry over environmental, social and governance (ESG) investing practices. … Read more
Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes fell on Thursday after data indicating a tight labor market fueled concerns that the Federal Reserve will maintain its aggressive rate … Read more
Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital plans to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze client redemptions on Nov. 16 following the fall of major cryptocurrency exchange … Read more
DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and take a $1.2 billion charge from profits as its cloud computing customers reassess their expenses and that the company prepares for a possible recession. . The layoffs add to the tens of thousands announced in recent months … Read more
Jan 17 (Reuters) – Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that around $415 million worth of cryptocurrency was stolen in hacks. FTX said it recovered more than $5 billion in crypto, cash and liquid securities, but there were still large deficits on its international and US crypto exchanges. FTX … Read more
Jan 17 (Reuters) – Microsoft Corp (MSFT.O) plans to cut thousands of jobs and some positions are expected to be cut in the human resources and engineering divisions, media reports said on Tuesday. The expected layoffs would be the latest in the US tech sector, where companies like Amazon.com Inc (AMZN.O) and Meta Platforms Inc … Read more
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