A car drove into a metal barricade outside Sam Bankman-Fried's home

A car recently drove into a metal barricade outside Sam Bankman-Fried's home in California, his lawyers have said, with three men getting out of the car & telling the security officer guarding the home, "You won't be able to keep us out." SBF

House Speaker Kevin McCarthy has said Congress need to show up to work if they want their vote to be counted

House Speaker Kevin McCarthy officially ends proxy voting, saying that members of Congress need to show up to work if they want their vote to be counted. The House GOP officially ended proxy voting with the rules adopted earlier this month. Notably, this was House only. The Senate did not

Bitcoin is a hyped-up fraud, it’s a pet rock: JP Morgan, JPM, CEO Jamie Dimon

‘Bitcoin is a hyped-up fraud, it’s a pet rock’ JP Morgan, $JPM, CEO Jamie Dimon has said. He also said: “How do you know it [Bitcoin] is going to stop at 21 million? Maybe it’s going to get to 21 million, and Satoshi’s picture is going

Tinder, MTCH, is testing user interest in a new $500 monthly subscription plan

Tinder, $MTCH, is testing user interest in a new $500 monthly subscription plan. The news initially came from Bloomberg. It stated: Tinder was testing a $500 monthly plan, which Match also confirmed but declined to provide details. it is unclear what services it would provide. Previously, Hinge itself, owned by

Genesis files for bankruptcy

Crypto lender Genesis filed for bankruptcy protection late Thursday night in Manhattan federal court. This week, the Securities and Exchange Commission also filed a suit against Genesis and Gemini over unregistered sale of securities. Genesis is in negotiations with creditors represented by law firms Kirkland & Ellis and Proskauer Rose,

Russia has said that a defeat for Russia in Ukraine could provoke a nuclear war

Deputy chairman of Russia’s Security Council Dmitry Medvedev has said that a defeat for Russia in Ukraine could provoke a nuclear war. “The defeat of a nuclear power in a conventional war may trigger a nuclear war,” Medvedev, wrote on Telegram. “Nuclear powers have never lost major conflicts on

White House: The Federal Reserve appears to be on the path of a soft landing

White House has said that the Federal Reserve appears to be on the path of a soft landing. The U.S. economy appears headed for a soft landing, White House economist Heather Boushey has said. "The steps have been taken and it looks like we are in a very

US announces $2.5 billion in new weaponry, munitions for Ukraine

US has announced $2.5 billion in new weaponry, munitions for Ukraine. This includes 90 Stryker armored personnel carriers, an additional 59 Bradley Infantry Fighting Vehicles, Avenger air defense systems, and large and small munitions, according to a Pentagon statement. An initial 50 Bradleys were included in a more than

JP Morgan CEO Dimon has said: oil and gas will be necessary for the next 50 years

JP Morgan CEO Dimon has said: oil and gas will be necessary for the next 50 years. He also sad rates will rise above 5% because there is still ‘a lot of underlying inflation.' Dimon said the recent easing of inflation comes from temporary factors such as a pullback

The US government has hit its $31.4 trillion debt limit

The US government has hit its $31.4 trillion debt limit. Treasury Secretary Janet Yellen informed congressional leaders including House Speaker Kevin McCarthy that her department had begun using extraordinary cash management measures that could stave off default until June 5. Republicans, with a newly won House majority, aim to

The SEC has charged Sam Bankman-Fried with defrauding FTX investors

The SEC has charged Sam Bankman-Fried with defrauding FTX investors. Previously the SEC charged SBF with violations of securities law. They have written: Gurbir Grewal: We commend our law enforcement partners for securing the arrest of Sam Bankman-Fried on federal criminal charges. The SEC has authorized separate charges

morgan stanley

Morgan Stanley Reports $356 Million Writedown, Which Includes Its $3.4 Billion Loan Lent to Twitter

Per Bloomberg Morgan Stanley has exposure to Twitter debt worth $3.4 billion as part of Elon Musk's acquisition deal. Including the debt by the social platform, the bank is reporting a "$356 million writedown on corporate loans on its balance sheet." When asked about Twitter,

twitter

Twitter Plans Further Layoffs | 50 People in the Production Division Could Lose Their Jobs

Per Reuters After Elon Musk's acquisition of Twitter which cost $44 billion to take the company private, the new CEO of the social platform has made headlines for his countless actions with the now-private company. One of his most notable actions was cutting Twitter's staff

spacex

Carnival Corporation and SpaceX Reach Agreement for Global Fleet to be Equipped with Starlink WiFi

Per Carnival Corporation Carnival Corporation has just announced that it reached a new agreement with SpaceX, bringing the latter's Starlink WiFi aboard a global fleet. Now, the world's largest cruise company will use SpaceX Starlink WiFi for its connection. As one of the companies of Elon

microsoft

Microsoft's 10,000 Employee Layoff Sees Massive Cuts in Gaming Division Handling the Development of Halo

Per Bloomberg Microsoft has recently announced that it would be laying off 10,000 employees, representing just a little less than 5% of the company. Now, word has gone out regarding how the job cuts will affect the company's video-game division, specifically the developers of the beloved

disney

Disney's Avatar: The Way of Water Surpasses Spider-Man: No Way Home as 6th Highest-Grossing Film Ever

Per Bloomberg Walt Disney Co's Avatar: The Way of Water has surpassed the previous highest-grossing film during the pandemic, Spider-Man: No Way Home. This comes at a time when films are struggling to get record numbers during the post-pandemic era. While theaters are now open

Jacinda Ardern resigns as the prime minister of New Zealand

Jacinda Ardern resigns as the prime minister of New Zealand. She said: "I am entering now my sixth year in office, and for each of those years, I have given my absolute all." "But I am not leaving because it was hard. Had that been the case

Sam Bankman-Fried reportedly inflated some crypto prices with Alameda Research

Sam Bankman-Fried used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX's sister company, Alameda Research, per NYT. Bankman-Fried allegedly approached developers behind projects, and worked to have trading debuts on FTX. NYT said it was a "

Crypto firm Genesis is filing for bankruptcy

Crypto firm Genesis is filing for bankruptcy, per Bloomberg's initial reporting. This is the lending unit of Digital Currency Group, and Bloomberg has reported numerous confidential negotiations with creditor groups. There was no comment to Bloomberg's repeated requests. Much of the last two months have seen

Donald Trump is preparing to come back to Twitter and Facebook

Donald Trump is preparing to come back to Twitter and Facebook. NBC first reported this news. “We believe that the ban on President Trump’s account on Facebook has dramatically distorted and inhibited the public discourse,” Trump’s campaign wrote in its letter to Meta on Tuesday, according to a

microsoft

Microsoft Announces 10,000-Employee Layoff Shortly After News of Unlimited Time Offs

Per CNBC Companies have been announcing layoffs left and right, and another massive company has declared that it will follow suit. Microsoft has just announced that through March 31, the company will let go of 10,000 employees. This comes shortly after employees were told they would be getting unlimited

getty images

AI Art Company Stability AI Gets Lawsuit from Getty Images Regarding Copyrighted Image Use

Per CNN After the popularity of AI art, more and more people are using it while questioning its legality of it. Now, the company behind an AI art service called Stable Diffusion, Stability AI, has received a lawsuit from Getty Images regarding using copyrighted images. The lawsuit comes from Getty

citigroup

Citigroup Drops 2023 Worldwide Recession Probability to 30%, Down from 50%

Per Economic Times Citigroup economists were once 50-50 about a worldwide recession in 2023, but now, they have decided to drop their estimates down to 30%. This comes as different macroeconomic factors have changed, and the global economy is improving in certain areas. The estimations by Citigroup come despite

twitter

Twitter SF Headquarters Starts Auctioning Off Espresso Machines, Blue Bird Neon Signs, and More

Per CNBC Since Elon Musk's $44 billion acquisition of Twitter, the CEO has made drastic cost-cutting moves like letting go of two-thirds of its workforce. Now, the company is auctioning off items once part of its larger San Francisco headquarters. To get to the auction, Musk

ftx

196 Out of 535 Congresspeople Took Money from FTX, with Only a Few Saying They Will Give It Back

Per Yahoo Finance Since word came out that 196 of 535 congresspeople took money from FTX, only a few have decided to announce that they will be returning the money. This comes after word broke out of Sam Bankman-Fried and senior executives' massive donations to campaign funds. Under