Coinbase was trending on Twitter on Nov. 22 after Binance CEO Changpeng Zhao, known also as CZ, sent out a tweet that appeared to question Coinbase’s Bitcoin holdings. In the since deleted tweet, CZ referenced a yahoo finance article that alleged that “Coinbase Custody holds 635,000 BTC on behalf of Grayscale.” CZ added, “4 months … Read more
Silvergate Capital (SI) shares fell Friday morning in a sign that FTX’s rapid unraveling continues to rattle investors. On Thursday, Silvergate CEO Alan Lane tried to assuage investors that market volatility precipitated by FTX’s collapse would not affect the crypto banker’s business. “Suffice it to say, whether deposits are up or down, we have the … Read more
Lookout Point, the BBC Studios-owned indie behind Gentleman Jack and The Ballad of Renegade Nell, has set its new management following the news Faith Penhale is moving to Pathé Productions. Laura Lankester and Will Johnston have been named Joint CEOs. They were both previously executive producers at the indie and have a decade-long working relationship. Lankester is currently EP … Read more
Elon Musk, Tesla Board Members to Defend CEO’s Pay in Court Source link
Celebrating the myriads of accomplishments earned by the crypto ecosystem, Immunefi, Electric Capital, Bitscale Capital and MA Family together hosted The Bug House — a party for bringing together the global Web3 community. In a panel hosted by Cointelegraph, editor-in-chief Kristina Lucrezia Cornèr sat with Mitchell Amador, founder and CEO at Immunefi, and Brendan Eich, … Read more
Hong Kong/London CNN Business — German Chancellor Olaf Scholz will arrive in China on Friday with a team of top executives and a clear message: business with the world’s second largest economy must continue. In a whirlwind one-day visit, Scholz is expected to meet with Chinese leader Xi Jinping and Premier Li Keqiang in Beijing. … Read more
During a Wall Street Journal event, Microsoft gaming chief Phil Spencer and Snap CEO Evan Spiegel revealed that they are not big fans of the metaverse in its current form. Spencer called the metaverse’s current iteration a “poorly built video game,” referring to the ecosystem’s bad graphics and low-quality interfaces. The Microsoft gaming chief noted … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Jessica Dinapoli and Richa Naidu Article content NEW YORK — Activist investor Nelson Peltz, who is on the board of Unilever Plc, has approached former CEOs of consumer goods companies as candidates for the top job at the Dove soap-maker, two sources familiar … Read more
What CEOs Are Saying: The Fed ‘Should Look Out the Front Windshield’ Source link
The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they’re preparing for a potential recession. Following the short but potent pandemic recession in 2020, bank CEOs have spent the past year and a half trumpeting the strength of the economy and the resilience of the … Read more