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Twitter’s new owner Elon Musk Increased likelihood of social media platforms going bankrupt, ended a chaotic day that included a warning from U.S. privacy regulators and the exit of the company’s head of trust and security. In his first company-wide email, Musk warned that if Twitter can’t boost subscription revenue, it won’t “survive the coming recession.”
Regulators freeze some assets Troubled cryptocurrency exchange FTX and industry peers race to limit losses as the company’s solvency problems worsen and scrutiny from its CEO Sam Bankman-Fried tightens.
UK economy shrink in three months to September Amid what could be the start of a long recession, it underscores the challenges Treasurer Jeremy Hunt faces as he prepares to raise taxes and cut spending next week.
European companies have had positive surprises this earnings season, but profit growth could dry up in a few months as high inflation and recession hit the economy Prolong the bear market longer.
Funds upholding environmental, social and corporate governance principles take a hit Market downturn, unprecedented capital outflowsas investors prioritize capital preservation over goals such as tackling climate change.
More than 1,000 solar modules shipped worth hundreds of millions of dollars Stacked up in U.S. ports A new law banning imports from China’s Xinjiang region since June was prompted by concerns about slave labor, according to federal customs officials and industry sources.
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