Amazon workers in 30 other countries protest on Black Friday

Amazon workers and activists in 30 countries marked the traditional start of holiday shopping season with a series of walkouts and protests to demand better pay and working conditions. In Manhattan, activists, labor unions and Amazon workers marched outside company founder Jeff Bezos’ penthouse in the tony Flatiron district. Outside St. Louis, a few dozen … Read more

US weekly jobless claims at 3-month high; equipment spending resilient

Weekly jobless claims increase 17,000 to 240,000 Continuing claims rise 48,000 to 1,551 million Core capital goods orders rebound 0.7% in October Shipments of core capital goods surge 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in … Read more

Bitcoin Falls As Another Leader Wobbles; This Top Fund Is Buying

Bitcoin fell near $15,800 by Monday afternoon as worsening liquidity issues raised cryptocurrency concerns following the collapse of Sam Bankman-Fried’s FTX. Unconfirmed social media chatter over the weekend had crypto industry sources, including a unit of Digital Currency Group, questioning whether the venture capital giant could be the next crypto domino to fall. X DCG … Read more

FTX will sell or restructure global empire, CEO says

FTX’s new CEO said on Saturday that the bankrupt crypto exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble in court filings and press releases about whether the bankruptcy filing should proceed in New York or in Delaware. “Based on our review over the past week, we … Read more

Flashback: Bill Clinton hung with Bankman-Fried at $3K Bahamas shindig, called for ‘do no harm’ regulations

Entrepreneur and crypto investor Evan Luthra discusses the downfall of the cryptocurrency exchange platform FTX and the uncertain future of the crypto industry on ‘Cavuto: Coast to Coast.’ Months before FTX founder and crypto tycoon Sam Bankman-Fried lost his $15.6 billion fortune and his company, he was palling around with former President Bill Clinton at … Read more

Dow Jones Waves Amid Poland Attack; Donald Trump SPAC Dives; Warren Buffett Stock Soars

The Dow Jones Industrial Average closed off lows after reversing amid reports that rockets hit inside Poland. New Warren Buffett holding Taiwan Semiconductor (TSM) emerged while the Donald Trump SPAC Digital World Acquisition (DWAC) plunged ahead of the expected announcement of another Trump presidential bid. X Strong Walmart (WMT) earnings helped boost retail stocks. Meanwhile, … Read more

DWAC Stock Tumbles After Trump Picks Fizzle In Midterms

Digital World Acquisition Corp. (DWAC) stock dived early Wednesday as the special purpose acquisition company took a hit after Tuesday’s midterms elections were read by some as a repudiation of candidates backed by former President Donald Trump. X With several important races still undecided, Republicans appeared poised to land a narrow majority in the US … Read more

As Musk focuses on Twitter, his $56 billion Tesla pay goes to trial

WILMINGTON, Del., Nov 7 (Reuters) – As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker. Tesla (TSLA.O) shareholder is seeking to rescind Musk’s 2018 … Read more