Donald Trump has officially announced his candidacy for President of the United States for 2024

Former President Donald Trump has filed official paperwork with the Federal Election Commission declaring himself a candidate for president in 2024. Additional documents filed with the FEC set up an account for campaign fundraising. It will be linked to the Save America Joint Fundraising Committee, which for months has been

Apple CEO says it’s made decision to source chips from Arizona

Per BBG: Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing the company’s reliance on Asian production. Chief Executive Officer Tim Cook made the disclosure during an internal meeting in Germany with local engineering

Republicans have won a majority in the U.S. House

Republicans will hold a majority in the U.S. House following the midterm elections, according to projections by Decision Desk HQ. The result comes a week after the polls closed, due in part to the election laws in states with the tightest races. The result that clinched the projection for

Poland will increase the combat readiness of some troops and is considering activating Article 4 of the NATO military alliance treaty

Poland will increase the combat readiness of some troops and is considering activating Article 4 of the NATO military alliance treaty, officials said, following the deaths of two people in an explosion near the Ukrainian border. Authorities did not say what caused the blast, but Polish media reported earlier in

FTX founder Sam Bankman-Fried is trying to raise cash to repay customers after the company's bankruptcy filing

Founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, is seeking commitments from investors to raise fresh cash, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The former chief executive and a few remaining employees at FTX have spent the past weekend calling around in search

White House asks Congress for $37.7 billion in Ukraine aid

The White House has asked Congress to approve $37.7 billion in additional aid for Ukraine amid Russia’s invasion, a request that comes ahead of both a government funding deadline and the expected flipping of the House to Republican control. The Biden administration is requesting that Congress authorize $21.

Poland has been hit by potential Russian Missles, debris, developing story.

Two rockets suspected of being fired by Russia landed in the Polish border town of Przewodów killing 2 people. Poland has announced an emergency security meeting as a response. Senior US Intelligence officials have now confirmed the story, and confirmed Russian missles. AP, Bloomberg, and other media outlets are now

Elon Musk Fires Twitter Employees Critical of Him

Numerous Twitter Employees have been fired from the private company Twitter after being taken over by Musk. However, a small handful new employees wer elet go after being critical of Elon Musk on Twitter publically, as well as privately in the company's Slack. They were sent an email

Michael Lewis, the writer behind The Big Short, has been traveling with Sam Bankman-Fried for the last 6 months is writing his next book on the FTX founder

Author Michael Lewis has been following former FTX CEO Sam Bankman-Fried around for the past six months and will write a book about the crypto maven known as "SBF," a new report says. News that the author who wrote "The Big Short" and "Moneyball"

YouTube Prepares Shopping Feature for Shorts Amidst Digital Advertising Slowdown

Per FT Google is increasing its push into eCommerce by introducing shopping features for YouTube Shorts. YouTube also tests a commission scheme for influencers selling products through video links. YouTube plans to pay creators $0.45 of the revenue from displayed ads between videos on Shorts in 2023. YouTube'

Citigroup Lets Go of 50 Trading Personnel While Barclays Cuts 200 Positions

Per CNBC Citigroup, based in New York, is cutting 50 trading personnel. The firm is also cutting dozens of banking roles. Barclays, based in London, is cutting 200 positions across its banking and trading desks. CNBC says this move is an example of the annual ritual of what has defined

Jim Cramer Says It's Not a Good Time for the Fed to Slow Rate Hikes

Per CNBC Jim Cramer says there's enough pain in the market for the Feds to slow its rate hike. He pointed to sectors like crypto and software as an example of the damage done by the Feds. Cramer said the reported Amazon layoffs were also an example of

Elon Musk Tells Twitter Employees They can Still Receive Stock Despite Company Now Private

Per CNBC Elon Musk plans to continue the "ongoing compensation plan" for employees to receive stock in the now-private company. Musk said exceptional amounts of shares would be given to people with exceptional performance. Musk said the stock plan would be similar to SpaceX, which has secondary offerings

Crypto lender BlockFi says it has significant exposure to FTX

Cryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried's crypto exchange FTX, and associated entities, that last week filed for bankruptcy. FTX founder Bankman-Fried also resigned as chief executive, after the biggest blowup in the crypto industry drew calls for tighter regulation. "We

Elon Musk fired a Twitter employee on Twitter

Twitter has seen thousands of layoffs, departures, and resignations since Elon Musk took over, but one of the latest staffing changes appears to have been personal — the company’s new CEO tweeted that Eric Frohnhoefer, an employee who had publicly argued with him on the platform, had been fired. The

Alameda research bought tokens before listed on FTX

Over the course of a year, trading firm Alameda Research amassed swaths of tokens ahead of affiliated crypto exchange FTX saying it would list them, according to an analysis of public blockchain data from analytics firm Argus. On the days that FTX said it would be listing tokens between the

Federal appeals court blocks Biden student debt relief program nationwide

A federal appeals court on Monday issued a nationwide injunction temporarily barring the Biden administration's student loan debt relief program. The ruling by 8th Circuit Court of Appeals in St. Louis came after the states of Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina argued in a lawsut

Amazon plans large cuts

Amazon plans to lay off around 10,000 people in its corporate and technology sectors starting as soon as this week, the New York Times reported. When executed, this would be the largest job cuts in the company’s history. The job cuts are expected in Amazon’s devices organisation,

Eli Lilly Halts Twitter Advertising After Fake Account with Checkmark Announced Free Insulin, Causing Stock to Drop 4.5%

Per Forbes, Investor, Washington Post Eli Lilly said it will stop all Twitter ad campaigns after a fake account, "Eli Lilly and Company," with the company logo and verification mark, said, "we are excited to announce insulin is free now." About two and a half hours

Coinbase CEO Calls for More Crypto Regulation to Avoid FTX Situation

Per CNBC In an opinionated piece, Coinbase CEO Brian Armstrong said crypto markets need regulation. This is to avoid what happened to FTX. The Coinbase CEO said that although they do not have exposure to FTX, they still sympathize with everyone involved. Brian Armstrong explained the FTX situation saying it

Former Boston Fed President Says US is 'Quite Likely' to Head Into a Recession in 2023

Per CNBC Former Boston Fed President Eric Rosengren said a US recession is "quite likely" in 2023. He also told CNBC that to stem inflation, interest rates might need to increase to 5.5%, higher than investor expectations. Rosengren also said the unemployment rate would need to reach

Elon Musk Entertains the Idea of Placing Twitter Behind a Paywall

Per The Verge Elon Musk has discussed placing the whole social media under a paywall. This comes at a time that Twitter is trying to lure back employees that it let go. Economists are saying that the Twitter Blue subscription could end up at a loss for the company. It

Sam Bankman-Fried’s fall cuts off big source of funds for US Democrats

Sam Bankman-Fried stormed on to the US political scene with multimillion-dollar donations that led lawmakers, particularly Democrats, to believe he was ushering in the next generation of donors. But in a matter of days, his business empire collapsed into bankruptcy and the prospect of millions more in donations evaporated. Before

Senator Ed Markey has threatened Elon Musk to "fix" his companies "or Congress will"

A US Senator threatened to “fix” Elon Musk’s companies after the billionaire mocked him in a Twitter spat. Senator Ed Markey of Massachusetts had complained to the world’s richest person that a Washington Post reporter had created a fake but verified account in his name on the social

SpaceX just bought a big ad campaign on Twitter for Starlink

Elon Musk’s aerospace business SpaceX has ordered one of the larger advertising packages available from Twitter, the social media business he just acquired in a $44 billion deal and where he is now serving as CEO. The campaign will promote the SpaceX-owned and -operated satellite internet service called Starlink