WASHINGTON (AP) — Christopher Waller, a key Federal Reserve official, added his voice Wednesday to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December. Waller, a member of the Fed’s Board of Governors, said he was open to…
NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model. FTX has been in the public eye for more than a…
WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services Committee said Wednesday that it expects to hear from Sam Bankman-Fried, the…
Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. The company said Wednesday that it will increase the amount of liability coverage for hosts, up to $3 million, in a play for owners of nicer houses in high-cost…
BELGRADE, Serbia (AP) — Austria, Hungary and Serbia on Wednesday held another top-level meeting dedicated to curbing migration, including by sending more than 100 police officers, vehicles equipped with night vision cameras and drones to the border with North Macedonia. Austria and Hungary also pledged to help Serbia organize deportations by plane of people who…
WILMINGTON, Del. (AP) — Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk denied that he dictated terms of the compensation package or attended any meetings…
FRANKFURT, Germany (AP) — The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia’s war in Ukraine have raised risks for bank losses and turmoil on financial markets. “People and firms are already feeling…
LONDON (AP) — Britain faces major security threats from the trio of Russia, China and Iran, which all use coercion, intimidation and violence to pursue their interests, the U.K.’s domestic intelligence spy chief said Wednesday. Ken McCallum, director-general of MI5, added to mounting warnings from British authorities about Russia’s aggression and China’s growing assertiveness. He…
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg said Wednesday that a blast in Poland that killed two people was probably not an attack by Russia, but rather caused by a Ukrainian air defense system meant to counter a Russian aerial bombardment. The two were killed on Tuesday when a missile came down in Polish farmland…
NEW YORK (AP) — Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder lawsuit challenging a compensation package he…
