In an email a few months before FTX collapsed, the company falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in the event of an insolvency, according to a former FTX lawyer who testified at the trial of Sam Bankman-Fried.
Looking to reverse the negative narrative surrounding San Francisco and attract more companies, a group of local business leaders and billionaires is rolling out a multimillion-dollar ad campaign to polish the city’s battered image.
Venezuelan bonds rose sharply after the Biden administration allowed US investors to buy the notes for the first time in four years as part of a sweeping sanctions relief package.
Stocks wavered amid corporate earnings as traders monitored the latest developments in the Middle East and awaited Jerome Powell’s speech for clues on the Federal Reserve outlook.
European equities fell to their lowest in seven months as rising Treasury yields put pressure on risk assets across the world, and earnings reports from some of the region’s biggest companies disappointed.
Germany is still trading Russian liquefied natural gas, as canceling the contract of a nationalized firm could cost billions of euros — creating a dilemma for Berlin and potentially benefiting Moscow.
Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according to the Met Office.
American Airlines Group Inc. topped Wall Street’s expectations for third-quarter profit even as its forecast for the rest of the year fell short, underscoring the choppy environment as carriers are battered by climbing jet fuel prices.
Some companies in Argentina are suspending sales ahead of the presidential election Sunday, fearing another major currency devaluation that would wipe out revenue.
The US dollar will remain the dominant currency in Zimbabwe even after the government’s December 2025 deadline to stop its use in the economy, the country’s largest independent asset manager said.
