Crypto founders arrested The Associated Press – March 23, 2023 / 9:05 am | Stories: 417550 Photo: Terraform Labs Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European…
Category: Business News
Why First Citizens got a $16.5 billion discount for taking over Silicon Valley Bank [Video]
Stocks of regional banks surged Monday after regulators announced a sale of Silicon Valley Bank’s deposits and loans, an agreement that demonstrates how much government assistance will be required to stoke new deals making during this banking crisis. The buyer, First Citizens Bancshares (FCNCA), was up 47% at 11:15 am ET. The stock of another…
Trump arrested? Putin jailed? Fake AI images spread online – Business News
Arijeta Lajka And Philip Marcelo, The Associated Press – March 23, 2023 / 11:52 am | Stories: 417588 Photo: The Canadian Press Images created by Eliot Higgins with the use of artificial intelligence show a fictitious skirmish with Donald Trump and New York City police officers posted on Higgins’ Twitter account, as photographed on an…
Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News
Photo: The Canadian Press Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies. If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go…
Pizza parlor closes, breakfast place opens, more in Lubbock business news
Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal. Hello AJ readers! This week, when one door closes, two more open – at least in Lubbock’s business community. On March 19, the owners of 1000 Degrees Pizza on Indiana Avenue announced that the restaurant would…
Do I Need an Emergency List?
We frequently have questions related to the practical and financial panic after a death in the family when accounts, passwords, and assets are unknown. Sometimes, a family knows an estate plan was done but they cannot find the plan and don’t even know the law firm that drafted the plan. An emergency list can help…
US New Home Sales Increase From Downwardly Revised Level In February
New home sales in the US increased from a significantly downwardly revised level in the month of February, according to a report released by the Commerce Department on Thursday. The report said new home sales climbed by 1.1 percent to an annual rate of 640,000 in February after jumping by 1.8 percent to a downwardly…
Facebook parent company Meta slashes 10,000 jobs
Facebook parent Meta is slashing another 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The company announced 11,000 job cuts in November, about 13 per cent of its workforce at the…