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Monthly Archives: November 2023

The emails, texts, photos that could put Sam Bankman-Fried in prison

Zoom In IconArrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY Over the past month, lawyers in the criminal trial of Sam Bankman-Fried have brought close to 20 witnesses to the stand and presented hundreds of exhibits to the 12 jurors who will …

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Amazon to close apparel stores in physical retail strategy shift

At 30,000 square feet, Amazon Style is smaller than traditional department stores, but offers “more than double the number of styles,” according to a press release. Amazon Amazon is shuttering its brick-and-mortar apparel stores almost a year and a half after opening the first location, the company confirmed, marking the …

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Apple (AAPL) earnings report Q4 2023

Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust project launch event at the company’s headquarters in Cupertino, California, Sept. 12, 2023. Loren Elliott | Reuters Apple reported fiscal fourth-quarter earnings on Thursday that beat analyst expectations for sales and earnings per share, but revealed that …

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SpaceX’s Starlink achieved breakeven cash flow

The upper stage of a Falcon 9 rocket deploys a stack of Starlink “V2 Mini” satellites in orbit. SpaceX SpaceX CEO Elon Musk announced Thursday that the company’s Starlink satellite internet business “achieved breakeven cash flow.” “Excellent work by a great team,” Musk said in a post on his social …

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Jurors in Sam Bankman-Fried criminal trial begin deliberations

Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Twelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony from nearly 20 witnesses. The case …

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Wall Street titans help to fuel Ivy League donor revolt

Billionaire Marc Rowan has been in touch with what one finance executive quipped was “half of Wall Street” about halting donations to some of the country’s most prestigious universities, to protest the schools’ responses to the Israel-Hamas war. The CEO of private equity giant Apollo Global Management belongs to a …

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Jeff Bezos urged Amazon to flood search results with junk ads: FTC

Amazon Founder and CEO Jeff Bezos speaks to the media on the company’s sustainability efforts in Washington on September 19, 2019. Eric Baradat | AFP | Getty Images Amazon flooded its search results with irrelevant “defect” ads at the direction of Founder Jeff Bezos, pumping Amazon profits while steering shoppers …

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Moderna (MRNA) Q3 earnings report 2023: Covid vaccine losses

Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot.  Shares of Moderna fell 8% Thursday. Moderna’s total revenue for the …

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Many insured U.S. patients pay less than $25 a month

Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity.  Michael Siluk | UCG | Getty Images Novo Nordisk on Thursday said 80% of U.S. patients with insurance coverage who take its …

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Fedex CEO warned of global recession year ago. Here’s what he sees now

30 January 2023, North Rhine-Westphalia, -: FedEx Express cargo planes stand side by side at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images In September 2022, amid weak results that punished its stock, Fedex Raj Subramaniam warned that a “worldwide recession” was in the cards. That hasn’t happened, …

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