The exterior of Crypto.com Arena on January 26, 2022 in Los Angeles, California. Rich Fury | Getty Images Crypto.com announced Friday that it’s laying off 20% of its workforce. CEO Kris Marszalek said in a blog post that the crypto exchange grew “ambitiously” but was unable to weather the collapse …

Lithium company Ioneer said Friday that it’s secured a conditional commitment for a loan of up to $700 million from the Department of Energy as the U.S. seeks to develop new supply chains for materials that are critical to the energy transition. Ioneer is developing the Rhyolite Ridge Lithium-Boron Project …

Anthony Scaramucci believes SkyBridge Capital can buy back the 30% stake it sold to FTX. Brendan McDermid | Reuters SkyBridge Capital can buy back the stake it sold to collapsed cryptocurrency exchange FTX but the issue will likely take months to resolve, the investment firm’s founder Anthony Scaramucci told CNBC …

Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make up for a sharp slowdown in investment banking. Here are the key metrics compared with what Wall Street expected: related investing …

The Congress Center, the venue for the World Economic Forum (WEF), center, in Davos, Switzerland, on Saturday, Jan. 7, 2023. Bloomberg | Bloomberg | Getty Images Olaf Scholz is the only G-7 leader set to attend the World Economic Forum’s annual summit in Davos next week, with the German chancellor …

Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images Citigroup said fourth-quarter net income decreased by more than 21% from a year ago as declines in investment banking overshadowed a benefit from higher …

People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district. U.K.-focused equity funds saw record outflows in 2022. Sopa Images | Lightrocket | Getty Images LONDON — U.K. GDP grew 0.1% in November, according to new data Friday from the Office for National Statistics, defying …

The Group of Seven’s oil price cap scheme intended to limit Russian oil export revenues is working “so far so good,” according to Amos Hochstein, special presidential coordinator to President Joe Biden. “As oil prices have come down, there’s no doubt that the price cap has, so far, and there’s …

The LKAB facility in Kiruna, Sweden. The company said on Jan. 12 that it found Europe’s biggest known deposit of rare earth elements there. Jonas Ekstromer | Afp | Getty Images State-owned Swedish mining company LKAB said it has found what it believes to be Europe’s largest known deposit of …

George Soros, billionaire and founder of Soros Fund Management, at the World Economic Forum in Davos, Switzerland, in Jan. 2016. Matthew Lloyd | Bloomberg | Getty Images The World Economic Forum in Davos, Switzerland, kicks off next week. It’s an annual meeting where a global elite of business leaders, politicians …