FTX may use money marked to repay customers to restart its failed crypto exchange because the project would require a significant amount of cash, a lawyer for the company said in court Wednesday.
Shopify shares rose 1.2% Wednesday, paring some gains from earlier in the day, after winning over one more analyst.
Peloton Interactive Inc. shares slipped 11.2% Wednesday, the largest drop since October, after Morgan Stanley said the fitness company’s web traffic has decelerated and may hinder future growth.
Cirrus Logic Inc. shares fell 12% on Wednesday as analysts highlighted risks to the Apple Inc. supplier’s bottom line from a reported design change to the iPhone 15.
US stocks limped into the final minutes of the trading day after data showed inflation moderated, but was likely not enough to forestall the Federal Reserve from raising interest rates one more time this year.
Software company Internet Brands is selling a $4.7 billion leveraged loan to refinance upcoming 2024 maturities in the biggest refinancing deal to hit the market in at least two years, data compiled by Bloomberg show.
Elon Musk hit back at National Public Radio after the broadcaster announced it will no longer publish fresh content to its 52 official accounts.
Ethereum’s looming software update sent a slew of crypto tokens tied to so-called staking apps that are poised to absorb the biggest impact from the tweak into a slide.
Galaxy Digital Holdings Ltd. founder Mike Novogratz said he expects gold, the euro and cryptocurrencies Bitcoin and Ether to outperform competing investments as the Federal Reserve moves toward easing its interest-rate increases after recent bank failures lead to a potential credit crunch.
Emmanuel Macron defended his approach to the US and China on Wednesday after his call for Europe to avoid being dragged into a conflict between Beijing and Washington sparked a backlash.
