Business

Sam Bankman-Fried, former CEO of FTX, says ‘we messed up big’

Comment on this story Comment In an unusual public spectacle for a failed financial mogul, former FTX executive Sam Bankman-Fried on Wednesday tried to sound contrite about the loss of customer billions even as he said he had little idea about what was going on at a company he founded. “I didn’t knowingly commingle funds,” …

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Netflix’s Reed Hastings weighs in on Elon Musk at NYT summit

Fox News contributor Jonas Max Ferris joined ‘Kennedy’ to discuss Apple threatening to pull Twitter from the app store and the likelihood Elon Musk creates his own phone. Netflix co-CEO Reed Hastings offered some of his thoughts on billionaire and Twitter CEO Elon Musk while speaking Wednesday at a New York Times summit. Hastings told …

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Elon Musk meets Tim Cook, says Apple never considered removing the Twitter app

An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | GettyImages Twitter owner Elon Musk said he went to Apple’s headquarters and met with Apple CEO Tim Cook in tweets on Wednesday. The meeting marks a significant de-escalation days after Musk went …

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S&P 500 Surges Above Key Level On Fed Chief Powell, But Inflation, Jobs Report Loom

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Salesforce.com headlined earnings overnight but investor focus will be on Thursday’s PCE inflation report after Fed chief Jerome Powell triggered a tech-led stock market rally on Wednesday. X The pace of rate hikes could start to slow at the December …

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Wall Street’s bullish on 3 Club stocks Wednesday

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, citing persistent challenges at an assembly …

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Elon Musk: Twitter is less safe due to new owner’s management style says Yoel Roth, former top official

Washington CNN Business — Twitter owner Elon Musk’s dictatorial management style risks leading the company headlong into unforced business blunders, content moderation disasters and the degradation of core platform features that help keep vulnerable users safe, according to a former top Twitter official who led the company’s content moderation before abruptly resigning. this month. The …

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Dow sheds more than 100 points as investors digest mixed economic signals, await Powell’s speech

The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. The 30-stock index lost 179 points, or 0.5%. The S&P 500 shed 0.2%, while the Nasdaq Composite added 0.2%. Investors were hit with conflicting economic reports …

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