Tag: PRO

FTX Says Substantial Amount of Crypto Assets Stolen or Missing

FTX Says Substantial Amount of Crypto Assets Stolen or Missing

A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point […]

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What to Expect as FTX Debuts Biggest Crypto Chapter 11 in Court

What to Expect as FTX Debuts Biggest Crypto Chapter 11 in Court

FTX is expected to make its debut appearance Tuesday in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets. FTX’s lawyers are advancing an unprecedented chapter 11 case marked […]

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Fed's Brainard Says Rate-Rise Pace Can Slow Soon

Fed's Brainard Says Rate-Rise Pace Can Slow Soon

A senior Federal Reserve official said recent inflation data offered some signs of reassurance that price pressures were no longer broadening and that the central bank could soon slow the pace of interest-rate rises. Fed Vice Chair Lael Brainard said previous rate increases, together with anticipated ones, will slow the economy in ways that can’t […]

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Startups Look to Scoop Up Laid-Off Tech Workers

Startups Look to Scoop Up Laid-Off Tech Workers

Flush with investor capital, technology startups plan to scoop up software developers, engineers and marketers flooding the labor market following job cuts at Twitter Inc., Lyft Inc. and other large tech employers. Kathy Zhu said she is lining up candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she […]

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U.S. Wages Rose Rapidly in Third Quarter

U.S. Wages Rose Rapidly in Third Quarter

Wages and prices continued to rise rapidly in the late summer, keeping the Federal Reserve on track for more interest-rate increases as it attempts to cool economic growth and bring down high inflation. The latest figures add to a picture of an economy losing some momentum but still growing as the labor market, consumer spending […]

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