TOPNNWS

Elon Musk trial opens to decide fate of his $56 bln Tesla pay

WILMINGTON, Del, Nov 14 (Reuters) – A trial opened on Monday over shareholder allegations that Tesla Chief Executive Elon Musk’s $56 billion pay package was rigged with easy performance targets and that investors were duped into approving it, with Musk slated to take the stand later this week. A Tesla (TSLA.O) shareholder hopes to prove …

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As regulators scrutinise FTX, rival exchanges try to reassure investors

Crypto.com CEO says it will publish proof of reserves Bitcoin steadies around $16,700 Binance CEO plans “industry recovery fund” Smaller exchange AAX halts withdrawals SINGAPORE/LONDON, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies remained under pressure on Monday following last week’s collapse of rival crypto exchange FTX exchanges seeking to reassure jittery investors of their …

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Shares mixed on Fed warning, China acts on property

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks …

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Musk warns of Twitter bankruptcy as more senior executives quit

Nov 10 (Reuters) – Twitter Inc’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US privacy regulator and the exit of the company’s trust and safety leader. The billionaire on his first mass call with employees said …

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Asian shares fall ahead of US CPI, crypto worries mount

https://tmsnrt.rs/2zpUAr4 Dollar stays firm, crypto stokes spillover fears European markets set to open lower China mainland, Hong Kong shares battered by COVID case surge Focus on US inflation for signs of slowdown in Fed rate hike SYDNEY, Nov 10 (Reuters) – Asian share markets pulled back on Thursday and the dollar held its overnight gains …

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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. The reason for the mea culpa: His announcement half an hour earlier that FTX’s arch-rival, Binance, …

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Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Nov 8 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold 19.5 million of the electric vehicle maker shares worth $3.95 billion on Tuesday, according to US securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk, the world’s richest man, had about $20 billion in cash after …

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Crypto exchange FTX’s token leads major coins in slide as investor jitters rattle market

LONDON/SINGAPORE, Nov 8 (Reuters) – The in-house token of major crypto exchange FTX slumped on Tuesday, losing one-third of its value and dragging down other major digital assets, as investors appeared to take fright at talk of pressure on FTX’s financials. The FTX token – which gives holders discounts on FTX trading fees – was …

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Drake, 21 Savage are sued for using ‘Vogue’ name to promote album

NEW YORK, Nov 8 (Reuters) – Drake and 21 Savage have been sued by Conde Nast, the publisher of Vogue magazine, for using the Vogue name without permission to promote their new album “Her Loss.” Conde Nast said the rappers’ promotional campaign, including to their more than 135 million social media followers, was built “enterly” …

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Qatar World Cup ambassador says homosexuality is ‘damage in the mind’

BERLIN, Nov 8 (Reuters) – A Qatar World Cup ambassador has told German television broadcaster ZDF that homosexuality was “damage in the mind”, as the Gulf state prepares to host the global tournament in less than two weeks. In an interview filmed in Doha and to be screened later on Tuesday, former Qatari international Khalid …

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