BUSINESS

FTX Trading's new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange's restructuring, previously oversaw the $23 billion bankruptcy of energy firm Enron Corp and has a reputation for boosting creditor recoveries.

E-commerce is only feasible due to the development and adaptation of what came to be known as the Internet, so it has only been around for about forty years.

The cryptocurrency, which had been lauded by FTX's founder Sam Bankman-Fried, has been hit harder than any other major coin by the collapse of the exchange.

Mike Tyson and Evander Holyfield are releasing a new line of cannabis edibles.

Elon Musk and other Tesla executives began testifying Monday in a trial over the company's compensation packages.

U.S. stocks closed modestly lower Monday during a choppy trading day after recording the biggest five-day gain in five months last week.

Amazon is planning to trim its workforce by 10,000 people, the biggest job cut for the tech giant.

The new Powerball jackpot climbed Saturday, days after a record $2 billion.

Elon Musk has had a wild first couple of weeks owning Twitter and appears to be facing some immediate consequences of his early decisions with the company.

Playbill deactivated its Twitter account Friday, citing the platform's support of "hateful virality."

United is giving pilots a 5% raise months early. The raise will be in the December pay period and comes after United pilots rejected a new contract proposal.

Amazon announces that after a decade of research, it will now begin to deliver packages via drone.

The massive anti-Starlink radar was reportedly developed by the 14th Research Institute of China Electronics Technology Group Corporation.

Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished.

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.

At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.

The recent inflation report could keep markets stuck in the two-steps forward, one-step back environment.

The Chinese billionaire is most popularly known as the owner of the e-commerce giant Alibaba. Here's a look at Jack Ma's diverse mix of businesses.

It is one thing to be hailed the Sexiest Man Alive, but to be one of the richest men on the list is a story that no one often tells.

Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday amid worsening solvency problems at the firm and heightened scrutiny of its chief executive, Sam Bankman-Fried.

The Tesla CEO made the announcement in an impromptu meeting at Twitter's San Francisco Headquarters.

There have been 138 reports of the issue with the stroller frame.

U.S. stocks soared Thursday after a key government report showed the rate of inflation may be slowing.

Listeria-contaminated deli meats and cheeses have killed one person and sickened at least 15 others across six states, but the source remains unknown.

The internal letter raises FTC compliance concerns, as troubles grow at the social media platform.

Jean-Michel Basquiat's final New York City home and studio space is newly listed in the Bowery for 60K per month for a minimum of 10 years.

Some Twitter Blue users are impersonating celebrities, politicians, and companies, causing verification issues for the company and headaches for Elon Musk.

Paul Allen's art collection tops $1 bn at Christie's

Jack Ma's net worth plunged from $48.4 billion in 2021 to $20.7 billion in 2022.