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Monthly Archives: November 2022

Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion

In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background.  Avishek Das | Lightrocket | Getty Images FTX’s vast web of entities had a total of around $1.24 billion in cash balances as of Nov. 20, according to a new court …

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Indonesia’s GoTo reports wider nine-month loss

Motorcyclists travel past a billboard advertising GoTo’s initial public offering in Jakarta, Indonesia, on Friday, April 8, 2022. GoTo, formed through the merger of Gojek with e-commerce pioneer Tokopedia, raised $1.1 billion in one of the worlds biggest stock debuts this year and is slated to list in Jakarta April …

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Fanatics expands Nike deal to Japan’s most popular baseball team

A woman browses a merchandise shop in Tokyo Dome ahead of the Japan Central League baseball match between Yomiuri Giants and Hiroshima Carp on October 14, 2020 in Tokyo, Japan. Carl Court | Getty Images Sport | Getty Images Sports commerce platform Fanatics is expanding a recently signed long-term partnership …

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Best Buy, Dick’s, Abercrombie & Fitch and others

Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics retailer also registered a smaller-than-expected decline in comparable store sales. Discounts helped keep customer traffic flowing to its stores, and Best …

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Bitcoin (BTC) hits 2-year low as FTX collapse contagion fears linger

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images Bitcoin on Tuesday hit a two-year low as …

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Best Buy (BBY) earnings Q3 2023

A Best Buy store is seen in Los Angeles, California, U.S., March 13, 2017. Lucy Nicholson | Reuters Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as demand for big-ticket consumer electronics held up despite inflation. The consumer electronics retailer, which had cut its forecast this summer, …

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Iran says 40 foreigners arrested for taking part in antigovernment protests

A protester holds a portrait of Mahsa Amini during a demonstration in support of Amini, a young Iranian woman who died after being arrested in Tehran by the Islamic Republic’s morality police, on Istiklal avenue in Istanbul on September 20, 2022. Ozan Kose | AFP | Getty Images Iran’s judiciary …

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Britain’s austerity budget had a ‘massive’ hole which will hurt growth: Michael Saunders

Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON — U.K. Finance Minister Jeremy Hunt’s recent fiscal announcement had a “massive” hole where an economic growth strategy should be, according …

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Singapore’s PropertyGuru posts net loss for third quarter

Private homes in the River Valley/Orchard area in Singapore. Returning Singaporeans and expatriates have driven rental demand in Singapore, according to PropertyGuru’s CFO. Lauryn Ishak | Bloomberg | Getty Images Singapore-based online property portal PropertyGuru posted a net loss of $7.4 million Singapore dollars ($5.3 million) for the quarter ended …

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Exxon Mobil, Chevron and ConocoPhillips challenged over tax practices

Speaking late last month, U.S. President Joe Biden threatened to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices. Brandon Bell | Getty Images Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack …

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