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A review of FTX filings and interviews with executives and investors provides the most comprehensive picture yet of how Sam Bankman-Fried became the world’s most powerful investor in just a few years. One of the richest, then plummeted. Read our special report About how the FTX founder begged for rescue when he revealed a huge hole in the company’s books.
Target Forecast holiday quarter sales surprise drop, blaming soaring inflation and “dramatic changes” in consumer behavior for falling demand for everything from toys to household goods. Shares of the big box retailer were down 14% in premarket trading.
Household energy bills and food prices soar Pushing UK inflation to 41-year high, Treasurer Jeremy Hunt is poised to announce tax increases and spending cuts to rein in price growth.lender in uk Seeking more data on finances Credit data firm Experian said prospective and existing customers saw rising risks of borrowers struggling with debt.
Elon Musk is known for his combative testimony, to appear in Delaware court Today, he will defend himself against claims that his $56 billion Tesla compensation package is based on easy performance targets and leverage over the board.
Toyota introduced The 2-liter plug-in version of the Priusan attempt to reboot the 25-year-old hybrid that was once at the forefront of low-emissions technology and appeal more broadly to cost-conscious drivers.
Global banking giants start 12-week digital dollar pilot Working with the Federal Reserve Bank of New York. Citigroup, HSBC, Mastercard and Wells Fargo are among the financial firms participating in the experiment.
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