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US stock futures fall as Chinese protests rattle markets, oil hits 2022 low

US stock-index futures sank Sunday night, indicating possible losses on Wall Street on Monday, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average Futures YM00, -0.46% were down more than 150 points, or 0.5%, as of 11:30 pm Eastern, above their session …

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Adidas Top Executives Discussed Risk of Staff’s ‘Direct Exposure’ to Kanye West Years Ago

Adidas AG’s ADDYY -0.51% chief executive and senior leaders in Germany discussed as far back as four years ago the risk of continuing a relationship with Kanye West that they feared could blow up at any moment, according to people familiar with the matter and documents reviewed by The Wall Street Journal. A 2018 presentation …

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Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

AUSTIN, Texas—Even as a cold night started to settle outside Tesla’s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they named their currency after, accepted a 12,000-pound sculpture of a Mr. Musk-headed goat riding a rocket. It is the latest stunt in the cryptocurrency …

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Twitter Exodus Hits Teams Tasked With Regulatory, Content Issues Globally

Elon Musk’s move to purge Twitter Inc. employees who don’t embrace his vision has led to a wave of departures among policy and safety-issue staffers around the globe, sparking questions from regulators in key jurisdictions about the site’s continued compliance efforts. Staff departures in recent days include dozens of people spread across units such as …

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Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

Carvana Co. CVNA -3.13% the used-car dealer that was a pandemic winner, is rushing to conserve cash as once-plentiful financing options dry up and business deteriorates. On Friday, Carvana laid off about 1,500 people, its second round in six months. Its weakening finances mean raising funds would be difficult and costly, and it could run …

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How Qatar Dropped the Beer at the World Cup

DOHA, Qatar—When Qatar made its unlikely pitch to host the World Cup in a tiny Muslim Gulf state, officials laid out their plan in extraordinary detail, including climate-controlled stadiums and elaborate transportation networks. However, according to people familiar with the bid, Qatar remained intentionally vague about how it would handle one aspect of the world’s …

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Bankrupt FTX Fires Three of Sam Bankman-Fried’s Top Deputies

FTX, the cryptocurrency exchange launched by Sam Bankman-Fried, said it fired three of the founder’s top deputies. Gary Wang, an FTX co-founder and its chief technology officer; FTX engineering director Nishad Singh; and Caroline Ellison, who ran Mr. Bankman-Fried’s trading arm, Alameda Research, were terminated from those roles after FTX tapped John J. Ray to …

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Elizabeth Holmes, Convicted Theranos Founder, to Be Sentenced Friday

Elizabeth Holmes, the founder of disgraced blood-testing company Theranos Inc., has asked a federal judge for leniency for her fraud crimes, positioning herself as a loving mother and selfless community servant. Ms. Holmes, who has asked for a sentence of home confinement and community service, and no more than 18 months in prison, faces an …

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Wall Street Sours on Coinbase, Signaling Broad Crypto Doubts

A year ago, cryptocurrencies were roaring and Coinbase Global Inc., COIN -0.08% considered the Charles Schwab of crypto exchanges, was fresh off an IPO that valued the firm at $85 billion. Today, one market-based measure suggests that investors have doubts about whether the company can survive. As a publicly traded entity, the US firm, which …

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