Crypto exchange has substantial ‘missing’ assets, FTX lawyer says
FTX attorney James Bromley described the company as “run by inexperienced and unsophisticated individuals,” adding that “some or all of them were also compromised individuals.”
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Many top advertisers skittish about Twitter under Musk
More than a third of Twitter’s top 100 marketers have not advertised on the social media network in the past two weeks, a Washington Post analysis of marketing data found.
Rail union rejects contract as strike threatens U.S. economy before holidays
A national rail strike, which could happen as early as Dec. 5, would threaten the nation’s coal shipments and its supply of drinking water.
Elon Musk restores Trump’s Twitter account
The move could help the platform’s once loudest, bluntest force regain online attention just as a new presidential election begins.
FTX says it owes more than $3 billion to creditors
The revelations, which came in a filing to U.S. Bankruptcy Court in Delaware late Saturday, offer a striking portrait of the sheer number of entities that had considerably invested in, loaned money to or otherwise engaged with the three-year-old company.
Hundreds said to have opted to leave Twitter over Musk ultimatum
Hundreds of Twitter employees refused Thursday to sign a pledge to work longer hours, threatening the site’s ability to keep operating and prompting hurried debates among managers over who should be asked to return, current and former employees said.
Sportsbooks say you can win big. Then they try to limit winners.
Many U.S. sportsbook operators are seeking to boost profits by weeding out winning customers. Bettors who show signs of savvy are being limited faster and more aggressively than in the past.
Therapists say they can’t meet high demand as anxiety, depression linger
The high demand for therapy is the latest sign of and ongoing U.S. mental health crisis exacerbated by the coronavirus pandemic. Though millions of Americans have returned to normal life, many people feel far from normal.
Republicans narrowly win House, ending full Democratic control of Congress
The coming shift in power—which in January will end two years of unified Democratic control in Washington—is sure to complicate the second half of President Joe Biden’s term.
Judge grants final approval of $6 billion student loan settlement
About 200,000 student loan borrowers who say they were defrauded by their colleges will soon have their debts automatically canceled after a federal judge granted final approval of a $6 billion settlement Wednesday.
Loud music might be damaging ears of 1 billion young people, study says
Researchers estimated that between 18 and 29 percent of young people worldwide were regularly exposing themselves to excessively loud noises on headphones, and they estimated just under half were being exposed to unsafe levels in loud venues.
Amazon starts widespread layoffs in corporate ranks
The e-commerce giant is expected to cut about 10,000 workers, or 3 percent of its corporate workforce.
Google reaches record $392M privacy settlement over location data
The investigation centered allegations of misleading and deceptive tactics regarding users’ location data.
Appeals court grants injunction against Biden’s student loan forgiveness
The future of President Biden’s student loan forgiveness program remains in doubt after a federal appeals court issued an injunction preventing the government from discharging any debt while it considers a lawsuit to end the policy.
A fake tweet sparked panic at Eli Lilly and may have cost Twitter millions
By Friday morning, Eli Lilly executives had ordered a halt to all Twitter ad campaigns—a potentially serious blow, given that the $330 billion company controls the kind of massive advertising budget that Musk says the company needs to avoid bankruptcy.
Democrats keep control of U.S. Senate with win in Nevada
Control of the House was still up in the air on Sunday, as vote counting continued days after an election in which Democrats overperformed expectations in many contested areas across the country.
Cryptocurrency exchange FTX files for bankruptcy as CEO resigns
The Justice Department and two federal regulators have launched probes into FTX, looking into whether the collapsing cryptocurrency exchange had skirted rules on safeguarding consumer deposits and relationships with trading affiliates, according to four people familiar with the inquiries.
Raising Cane’s raises Cain over lease that bans chicken fingers
Raising Cane’s filed a lawsuit against the Indiana shopping center’s owner, Schottenstein Property Group, alleging fraud and saying the would-be landlord failed to disclose the existence of the chicken ban.
GOP limps toward U.S. House control with Senate still in play
It could take days to know the balance of power as officials count mail-in ballots in dozens of close races. And some may be subject to recounts and court challenges.
Meta laying off 11,000 as tech industry slashes jobs
The layoffs mark a tumultuous new period in Silicon Valley, as tech giants long known as bastions of economic power and recession-proof have shed huge numbers of workers in recent weeks.