Sections

ideals

Business Essentials for Professionals



Companies

Following The Failure Of FTX, Binance And Other Cryptocurrency Firms Are Lining Up Bids For The Bankrupt Voyager Digital

After FTX, which had agreed to acquire Voyager Digital, declared bankruptcy, Binance and other cryptocurrency firms are preparing takeover bids for the troubled digital currency lender.   After crypto hedge fund Three Arrows Capital defaulted on a $670 million loan from the company, Voyager...

Story Of AMD Becoming A Chip Giant And Overtaking Intel After Following It For Years

This year, Advanced Micro Devices surpassed Intel in terms of market capitalization for the first time. Intel has long been the market leader in computer processors, but AMD's rise is the result of the company expanding into entirely new markets.   AMD paid $49 billion for adaptive chip...

Tesla Stock Rises After Citi Upgrades It, And Elon Musk Mentions A New Asian Factory

Tesla stock rose nearly 8% on Wednesday after hitting a 52-week low the day before. The rally came after Citi analysts upgraded the stock and Tesla CEO Elon Musk indicated that South Korea is a top candidate for a new factory the company hopes to build in Asia.   The recovery is welcome news...

Elon Musk's Twitter And Apple Are Currently On A Path Of Collision

Since taking over Twitter last month, Elon Musk has announced significant, albeit perplexing, plans for the social network.   Musk wants to significantly increase the company's subscription revenue while also allowing more "free speech," which appears to mean restoring previously banned...

Credit Suisse Expects A $1.6 Billion Loss In Q4, Set To Speed Up Its Strategy Overhaul

Credit Suisse forecast a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss on Wednesday as it embarks on a massive strategic overhaul.   Last month, the beleaguered lender announced a slew of measures aimed at addressing persistent underperformance in its investment bank as well as...

Bankman-Fried's FTX And Parents Purchased $121 Million Property In Bahamas Property: Reuters

According to official property records, Sam Bankman-FTX, Fried's parents, and senior executives of the failed cryptocurrency exchange purchased at least 19 properties in the Bahamas worth nearly $121 million over the last two years.   The majority of FTX's purchases were luxury beachfront...

Elon Musk Says The Relaunch Of Twitter Blue Has Been Postponed

Elon Musk, the CEO of Twitter, announced on Monday evening that the company intends to postpone the relaunch of its $8 per month Blue Verified service. According to Musk, Twitter will "likely use a different color check for organizations than for individuals."   Twitter Blue, which Musk...

Coinbase Stocks Touch Lowest Since Debut Over Investor Fears Of FTX Collapse Contagion

Right at the beginning of this week, shares of crypto exchange Coinbase touched its lowest value since its IPO was launched in April 2021, as the trend of the slide of the stocks continued.     The 8% slide in its shares on Monday comes as bitcoin's slump continues, and investors are...

Trump Criticises Twitter Following Musk Announcing The Account Of The Former US President Is Active

In a poll run by the new owner Elon Musk, Donald Trump said on Saturday that he had no interest in returning to Twitter, despite a slim majority of voters supporting his reinstatement after being banned for inciting violence.   51.8% of the slightly more than 15 million Twitter users who...

Global Business Of FTX Will Be Sold Or Restructured, CEO Claims

Even as Bahamian regulators and FTX argue in court filings and press releases about whether the bankruptcy filing should take place in New York or Delaware, the bankrupt cryptocurrency exchange said on Saturday that it is looking to sell or restructure its vast global empire.   “Based on our...

Twitter's Potential Disintegration As A Result Of Engineers Leaving Because Of Elon Musk's Severance Policy

According to reports citing data from business insiders and programmers who were fired or resigned this week, Elon Musk, the new owner of the microblogging website Twitteractions’ at the company soon after he acquired it has caused an exodus of software engineers who keep the world's de-facto...

Elon Musk Has Stated That He Will Find A New Chief For Twitter

Elon Musk said on Wednesday that he expects to spend less time at Twitter and eventually find a new leader to lead the social media company, and that he hopes to complete an organizational restructuring this week.   Musk made the comments while testifying in a Delaware court to defend...
1 2 3 4 5 » ... 179