By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on U.S. debt posed a “huge threat” to America’s credit rating and functioning of U.S. financial markets. Yellen told Reuters in an interview in New Delhi…
(Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred $10 billion…
NUSA DUA, Indonesia (Reuters) -Elon Musk will join the G20 summit in Indonesia’s Bali virtually rather than in person, an official from the Indonesian Chamber of Commerce told CNBC Indonesia on Saturday. “He is unable to attend because … there are incidents in the United States and he must be present there,” Arsjad Rasyid, head…
By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and analysts flagged that millions of dollars of assets had been moved from the platform in “suspicious circumstances”. FTX filed for bankruptcy on Friday…
SHANGHAI (Reuters) – Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in…
(Reuters) -Collapsed crypto exchange FTX said on Saturday it had seen “unauthorized transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Blockchain analytics firm Elliptic said that around $473 million worth of cryptoassets were “moved out of FTX wallets in suspicious circumstances early this morning,” but that it…
By Akriti Sharma and Kanishka Singh (Reuters) – Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday. The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced…
(Reuters) – Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of “unauthorized transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform. FTX U.S. general counsel Ryne Miller said in a tweet on Saturday that the exchange was expediting the…
Twitter has been a bit of a mess since billionaire Tesla CEO Elon Musk took the helm, cutting the company’s workforce in half, upending the platform’s verification system, sparring with users over jokes and acknowledging that “ dumb things ” might happen as he reshapes one of the world’s most high-profile information ecosystems. On Thursday,…
By Casey Hall SHANGHAI (Reuters) – Alibaba Group on Friday opted not to disclose the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, only saying the results were in line with last year. The e-commerce platform’s gross merchandise value (GMV) was widely…
