Bloomberg News reports that FTX Trading Ltd. has been considering proposals from at least three bidders for restarting trading activities on the crypto exchange. Before its collapse, this crypto exchange was the biggest platform for traders. However, eventually, it...
Bloomberg News reports that Blackstone Inc. has entered into conversations with the lenders about the future of an office complex in Los Angeles. The complex was once upon a time valued at $583 million.
The valuation was obtained after having...
Bloomberg News reports that Jerome Powell, the Chair of the Federal Reserve, has suggested that the US central bank is interested in holding the interest rates steady again at the next meeting. It is also expected to leave open...
Bloomberg News reports that investing multibillion dollars in the artificial intelligence industry has become commonplace. However, it is being seen that the dollars raised from the companies dealing with artificial intelligence have outweighed the other tech categories, thereby reaching...
Bloomberg News reports that Jim Jordan, the right-wing Republican Tuesday sought more time to build support as he bids to occupy the place of the speaker of the US House of Representatives after a shortfall in his first vote....
Bloomberg News reports that Nishad Singh, the third member of the inner circle of Sam Bankman Fried, testified against SBF. He divulged details of a rocky relationship that he shared with his ex-boss. There were times when Singh was...
Bloomberg News reports that it was observed that the demand for the haven assets faded as a new trading week began in Asia. The US and its allies attempted to contain the war between Israel and Hamas. Also, the...
Bloomberg News reports that the UK competition watchdog has approved Activision Blizzard Inc.'s acquisition by Microsoft Corp for $69 billion. It has managed to do away with the ultimate major global regulatory obstacle, which posed the biggest hurdle in...
Bloomberg News reports that while the crypto meltdown was progressing in June 2022, Caroline Ellison and Sam Bankman Fried, co-founders of FTX, were busy working out fake balance sheets. They realized there was a massive hole in the balance...
Bloomberg News reports that President Mary Daly of the Federal Reserve Bank of San Francisco stated that neutral interest rates might be higher than before the pre-pandemic levels. This might happen, although the rates would remain lower than seemingly...
