LeBron James #6 of the Los Angeles Lakers goes to the basket against Bam Adebayo #13 and Tyler Herro #14 of the Miami Heat during the fourth quarter of the game at FTX Arena on December 28, 2022 in Miami, Florida. Megan Briggs/Getty Images/AFP Amid their most promising stretch of the season, the Miami Heat … Read more
The big market headline last year has been the steady fall in stocks. The S&P 500 tumbled 19% for 2022, and the NASDAQ has fallen a disastrous 33%. And while recent data shows that there may be some hope on the inflation front, there may still be storm clouds massing for this year’s stock market. … Read more
Bankrupt cryptocurrency exchange FTX said its top 50 creditors are seeking $3 billion in claims. The insolvent company released the amount of the claims of each of the top creditors, but did not name them or disclose any information about their headquarters, according to a Nov. 19 filing with the U.S. Bankruptcy Court for the District … Read more
Yongyuan | E+ | Getty Images Data suggests some retirement savers are seeking out safe havens within their 401(k) plans. But the move may hobble those investors in the long run; in fact, it may have done so just last month. Investors sold out of target-date funds and large-cap U.S. stock funds in October in … Read more
Saudi Arabia has taken into custody an American woman who has been locked in a years long struggle to take her young daughter back out of the kingdom over the objections of her Saudi ex-husband, according to U.S. officials and a U.S.-based advocacy group Tuesday. Carly Morris was summoned to a police station in the … Read more
The $44 billion buyout deal will reportedly allow “large foreign investors” to access sensitive company information A US federal agency is looking into whether it has the legal authority to investigate Elon Musk’s recent purchase of Twitter, the Washington Post reported, suggesting the government is interested in the billionaire’s alleged “ties to foreign governments and … Read more
(Bloomberg) — Billions of dollars in arbitrage capital is looking for a new home after Elon Musk finally closed his $44 billion deal to buy Twitter Inc. Most Read from Bloomberg Merger arbitrage traders, who make money betting on the outcome of dealmaking among public companies, are now setting their sights on transactions involving Activision … Read more
In the weeks following new sanctions from the European Union, Binance has kept its doors open for non-sanctioned Russian nationals, but that does not mean that the firm isn’t complying with EU sanctions, according to Binance’s newly-appointed sanctions executive. Western sanctions against Russia have been a major challenge for Binance from day one, and the … Read more
The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) — the company behind the Solana-based protocol TRIP that enables mobility-based applications. According to DEC, on the TRIP ecosystem, companies and riders can … Read more
A video on Japan’s nihonshu, an alcoholic beverage. A video on Japan’s nihonshu, an alcoholic beverage. Nihonshu is an alcoholic beverage also known as Japanese sake. The Embassy of Japan in New Delhi is seeking a Geographical Indication (GI) tag for nihonshu. It is also the first time a product from Japan has filed for … Read more