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Crypto Lender BlockFi is No Longer Accepting Collateral of GBTC Shares

Bloomberg News reports BlockFi decided to unwind its position in Grayscale Bitcoin Trust. It is no longer accepting GBTC shares as collateral. This was...
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Gopuff Slashes Workforce by 10%, Closes Warehouses to Preserve Cash for Operations

Gopuff, the Philadelphia-based consumer food, and goods delivery company, is cutting about 10% workforce globally and closing dozens of warehouses to rein in expenses...
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Amazon’s Discount Shopping Annual Event Likely to Disappoint Shoppers Looking for Bargain Deals

The two-day Prime Day sale of Amazon.com Inc. this year is expected to be disappointing for bargain hunters as sellers look to minimize the...
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Natural Gas Gains Ground and Plenty of it is in the US

Bloomberg News reports that natural gas is still behind coal and oil in terms of the energy it generates across the globe. Nevertheless, it...
Business

Rivian Automotive to Lay off Hundreds of Workers in Areas Where Headcounts Grew too Fast

Electric Vehicle makers Rivian Automotive Inc. is planning to lay off hundreds of its workers, according to information from people familiar with the matter....
Business News

UBS Weighs Options to Elevate Iqbal Khan as Sole Head of Wealth Management

UBS Group is planning to promote Iqbal Khan to head the global wealth business solely and eventually groom him to take over from the...
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Twitter to Sue Musk Over Abandoned $44B Takeover Plan

According to Bloomberg News, merger law stalwart heavyweight Wachtell, Lipton, Rosen & Katz. This move comes intending to sue Elon Musk for his move...
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