Business Archives - Page 16 of 45

Elon Musk Restores Project Veritas’ Twitter Account

Elon Musk's Twitter has restored the account of the non-profit investigative journalism watchdog Project Veritas as several high-profile users have had bans lifted in recent days. The Project Veritas, headed by James O’Keefe since 2011, is the latest account to be reinstated after the social media platform was taken over…

Alameda: The Firm at the Heart of FTX’s Epic Collapse

In late 2017, MIT alumnus Sam Bankman-Fried left the quantitative trading firm Jane Street to start his own cryptocurrency trading firm, Alameda Research. Founded prior to FTX, Alameda got its start by taking advantage of bitcoin price differentials between Japanese and U.S. exchanges, namely by buying bitcoin for a low price in the…

Questions Emerge over Biden’s Push to Install Electric Car Chargers at Gas Stations

A new report raises questions about President Joe Biden's push to install electric vehicle (EV) chargers in gas stations across America. A well-known independent newsletter on fuel prices and gas stations has expressed skepticism about the plan. The addition of many more EV charging stations to U.S. gas stations has…

New CNN CEO Reveals How Network Will Cover Trump after 2024 Announcement

CNN’s new CEO Chris Licht has revealed that his network plans to reduce its coverage of President Donald Trump following the launch of his 2024 presidential campaign. Speaking during a new podcast interview, Licht said CNN will not cover Trump as much as the network did during his White House…

Grain Deal Between Russia & Ukraine Extended by 120 Days

The grain deal between Russia and Ukraine that facilitates the export of Ukrainian agricultural exports via Black Sea ports has been extended by 120 days, according to reports. The deal extension was confirmed by Russia, Turkey, Ukraine, and the United Nations. “I welcome the agreement by all parties to continue…

Electric Cars Less Reliable Than Gas-Powered Vehicles, Consumer Reports Reveals

Electric vehicles are less reliable than their gas-powered counterparts, a new Consumer Reports survey has revealed. According to the Consumer Reports 2022 Annual Auto Reliability survey released Tuesday, electric vehicles, including those from Tesla, are among some of the least reliable automobiles sold in America. Consumer Reports (CR) is a…

FTX Scandal Deepens as Details of Fraud and Regulatory Neglect Emerge

Following the implosion of cryptocurrency company FTX last week, details are still emerging that reveal fraud and regulatory neglect as the scandal deepens. In the U.S., politicians are calling for stricter regulations on the cryptocurrency industry amid the FTX bankruptcy and potential fraud. “It shows the weaknesses of this entire…

Elon Musk Reveals He’s Working ‘7 Days a Week’ since Taking Twitter Over

Twitter's new boss Elon Musk has revealed he's working "from morning to night, seven days a week" since taking over the company and admits he has “too much” on his plate. The tech mogul gave an insight into his workload during a session at the Business 20 conference in Indonesia…

FTX Crypto Platform Implosion Takes Down Democrats’ 2nd Largest Donor after George Soros

After last week's implosion of the cryptocurrency platform FTX, the scandal has taken down the Democratic Party's second-largest donor after left-wing billionaire George Soros. FTX's co-founder and CEO is Democrat mega-donor Sam Bankman-Fried. The implosion of FTX saw Bankman-Fried's net worth plummet in the biggest single-day wealth plunge for a…

Think Tank Calls for Conservatives to Set ‘New Direction’ after Midterms

A Washington D.C. think tank is calling on conservatives to set a "new direction" following the midterms. The suggestion comes as Republicans weave competing narratives over the “red wave” that wasn’t. American Compass, a relatively new think tank, has hit the ground running in an effort to set the agenda…