Business News

Who is Nishad Singh? Coder From Bankman-Fried's Inner Circle in Spotlight After FTX Collapse

Nishad Singh worked at Alameda, according to reports. Singh was very close to Bankman-Fried and lived with the FTX founder along with 9 others.

Nov 13, 2022

By Jacob J

Disney Set to Reduce its Workforce, Freeze Hiring Amid Revenue Drop

According to an internal leaked memo from Disney CEO Bob Chapek, seen by CNBC, the company is "limiting headcount additions through a targeted hiring freeze".

Nov 12, 2022

By IANS

At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX – Reuters Exclusive

Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week.

Nov 12, 2022

By Reuters

Who is Sam Bankman-Fried? Founder of FTX Sees Crypto Empire Fall Overnight

Sam Bankman-Fried who set up his crypto empire FTX in 2019 has seen it collapse overnight because of bad decisions.

Nov 11, 2022

By Nandika Vinal Chand

US Stocks Fall in Knee-Jerk Election Reaction; Here's Why Markers Would Bounce Back

Wall Street had factored in a 70 percent chance of the Republicans wresting the control of the US House of Representatives and the Senate.

Nov 10, 2022

By Jacob J

Binance Walks Away from FTX Deal, Sam Bankman-Fried's Fortune Down to $1 Billion

Sam Bankman-Fried's crypto exchange FTX is in deep trouble after Binance walked away from the acquisition deal.

Nov 10, 2022

By Nandika Vinal Chand

Gems Hidden In The Winds Of Change: 8 promising Eastern European early-stage founders launching international products in 2022

Anna Deynego wanted to play a role in ensuring equal access for founders from all across the globe. Our organization was born out of this intention

Nov 10, 2022

By IBT Desk

Meta to Lay Off More Than 11,000 Employees Amid Declining Sales and Revenue Drop

Over 11,000 employees are being sent home by Meta, Facebook's parent company, after a noted revenue decline in Q3.

Nov 9, 2022

By Nandika Vinal Chand

Facebook Mark zuckerberg

Crypto Exchange Binance to Buy Rival Sam Bankman-Fried's FTX

Months of rivalry ended between FTX and Binance, after Sam Bankman-Fried approached Changpeng Zhao for help.

Nov 9, 2022

By Nandika Vinal Chand

Valentin Bourquin's tips for starting a concierge service from scratch

From the rental of luxury cars to the rental of private jets, yachts, or villas through close protection services, Valentin meets the demand in an extensive range.

Nov 8, 2022

By IBT Desk

EXPLAINER: How Blockchain-Based CBDC and Cryptocurrency Are Different

The CBDCs' primary purpose is to provide privacy, transferability, ease, accessibility, and financial security to companies and consumers.

Nov 7, 2022

By IANS

Investment Maven Warren Buffett's Berkshire Hathaway Runs Up $2.69 Billion Loss in 3rd Quarter; Here's Why

Buffett has been aggressive in insurance portfolios for decades but rising inflation and economic downturn have left a huge impact on the sector.

Nov 6, 2022

By Jacob J

Wall Street Slides as Fed Signals There Won't be Soft Landing; S&P 500 Down 1.1%

While the S&P 500 dropped 1.1 percent, the Dow Jones Industrial Average slid 150 points, or 0.5 percent and the technology-focused Nasdaq Composite was down by 1.7 percent.

Nov 4, 2022

By Jacob J

Meta to Test Buying and Selling NFTs on Instagram - Report

The tech giant has also expanded access to subscriptions on Instagram to all eligible creators in the US.

Nov 3, 2022

By IANS

Fed Worsens Recession Fears; Says There's No Plan to Pause Rate Hikes After 75 bps Increase

The inflation picture has become more and more challenging over the course of this year, says Federal Reserve Chairman Jerome Powell.

Nov 3, 2022

By Jacob J

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