John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images The Department of Justice has requested that an independent examiner be appointed to review “substantial and serious allegations of fraud, dishonesty” and “incompetence” after the … Read more
S&P 500 futures were slightly lower early Friday as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.16%. Dow Jones Industrial Average futures were lower by 0.1% and Nasdaq 100 futures fell 0.33%. Shares of tech companies were on the move in after-hours trading following quarterly results. … Read more
Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla Inc. You’re here CEO Elon Musk kicked off deliveries of the company’s first few production Semi trucks on Thursday, speaking on stage at the company’s factory in Sparks, Nevada, with Dan Priestly, the company’s … Read more
Leaders of the rail labor unions that have voted not to ratify the attempted labor deal tell CNBC that as the Senate moves closer to a vote on Thursday afternoon on legislation to prevent a rail strike, senators need to realize this is a humanitarian issue and their members will not forget who supported them. … Read more
Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Brian Bedder | Getty Images Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slide 15.6% in the premarket after … Read more
Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations. Yin Hon Chow | CNBC BEIJING — A trickle of changes around China’s Covid controls in the last 24 hours has raised hopes that broader relaxation is on its way. Local state … Read more
Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. … Read more
Former US President Donald Trump arrives on stage to speak during an event at his Mar-a-Lago home on November 15, 2022 in Palm Beach, Florida. Joe Raedle | Getty Images The IRS has given six years of former President Donald Trump’s federal income tax returns to the House Ways and Means Committee, a week after … Read more
The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. The 30-stock index lost 175 points, or 0.5%. The S&P 500 shed 0.2%, while the Nasdaq Composite climbed 0.3%. Traders were hit with conflicting economic reports … Read more
Anadolu Agency | Anadolu Agency | Getty Images You’re here and SpaceX CEO Elon Musk, who is also the new owner and CEO of Twitterbashed Apple this week after claiming the company has threatened to remove the Twitter app from its App Store, accusing the company of hating “free speech.” The Twitter app is still … Read more