Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines. The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a spokeswoman … Read more
Text size Bitcoin has torn higher to start the year, but there is reason to think the gains could be unsustainable. Dreamstime Bitcoin and other cryptocurrencies were on pause Wednesday as traders awaited a key decision on interest rates from the Federal Reserve. After the best January for Bitcoin in a decade, bad news out … Read more
Markets U.S. Markets Investors brace for big week for tech stocks, with earnings due from Alphabet, Apple and Amazon
Text size Bitcoin prices have had a standout January, rallying about 40% since the start of the year. Dreamstime Bitcoin and other cryptocurrencies were slightly lower Monday, paring gains after a rally over the weekend. Crypto traders are awaiting the Federal Reserve decision on interest rates due Wednesday, which is likely to be a catalyst … Read more
A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidia Corp., for example, have jumped more than 30%. The outlook for bonds is brightening after a historic rout. Even bitcoin has rallied, … Read more
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees The Wall Street Journal SBF’s mom, Caroline Ellison aren’t cooperating in bankruptcy probe: lawyers Markets Insider FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him Yahoo Finance Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges CNBC Do you have money tied up in FTX? Share … Read more
Goldman Sachs Cut CEO David Solomon’s Pay to $25 Million in 2022 The Wall Street Journal Goldman Sachs Cuts CEO David Solomon’s Pay About 30% Bloomberg Markets and Finance Goldman’s David Solomon takes a near 30% pay cut to $25mn after rocky 2022 Financial Times Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after … Read more
This has bugged me all my life. My father left my family when I was 7. I’m not sure how much in child support he paid my mother. Soon after I graduated college, he visited me for the first time since he left the family. He told me that he wanted to send me money … Read more
Cryptocurrency lender BlockFi Inc. is preparing a potential bankruptcy filing after halting withdrawals of customer deposits and acknowledging it has “significant exposure” to bankrupt exchange FTX, people familiar with the matter said. BlockFi paused withdrawals and limited activity on its platform last week, saying it couldn’t operate business as usual given the uncertainty about FTX. … Read more
FTX filed for bankruptcy last week, but the cryptocurrency exchange’s founder still thinks that he can raise enough money to make users whole, according to people familiar with the matter. Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up … Read more