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

Collapsed crypto exchange FTX has about .24 billion of cash in total — but still owes at least .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 filing out late Monday. The … Read more

Popular tax prep software sent financial information to Meta: report

Popular tax prep software sent financial information to Meta: report

Meta (formerly Facebook) corporate headquarters is seen in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images Popular tax prep software including TaxAct, TaxSlayer and H&R Block sent sensitive financial information to Facebook parent company Meta through its widespread code, known as a pixel, that helps developers track user activity … Read more

5 things to know for Nov. 22: Colorado shooting, Rail strike, Twitter, Voting, Iran

5 things to know for Nov. 22: Colorado shooting, Rail strike, Twitter, Voting, Iran

CNN  —  Disney is saying goodbye to Bob and hello to, well … a different Bob. The company ousted CEO Bob Chapek, and is bringing former CEO Bob Iger back to the helm. It’s quite the media shakeup. Here’s what else you need to know to Get Up to Speed and On with Your Day. … Read more

Consumers could pay price if railroads, unions can’t agree

Consumers could pay price if railroads, unions can’t agree

OMAHA, Neb. (AP) — Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts by an early-December deadline that had already been pushed back. The likelihood of a strike that would paralyze the nation’s … Read more

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

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 the cryptocurrency market takes a … Read more

Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End

Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End

Concerns are mounting around Carvana, the “Amazon of used cars.”  The company was an investor darling during the pandemic. They hailed the new economy that wanted consumers to buy everything online: groceries, office equipments, travel tickets, meals, clothes, homes and cars.  Carvana  (CVNA) – Get Free Report was a pioneer in the new way of buying … Read more

Twitter Lays Off Some Sales Employees After They Committed to Twitter 2.0

Twitter Lays Off Some Sales Employees After They Committed to Twitter 2.0

Elon Musk extended his job-cutting at Twitter Inc., laying off some employees in sales after they had signed on to the billionaire’s vision for the social-media platform, people familiar with the matter said. The exact scope of the latest cuts couldn’t be immediately learned. One employee said he found out early Monday that he had … Read more

Twitter Blue relaunch delayed, may use new color checks for organizations

Twitter Blue relaunch delayed, may use new color checks for organizations

An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022.  STR | Nurphoto | Getty Images Twitter owner Elon Musk said on Monday evening that the company is planning to delay the relaunch of its $8 per month Blue Verified … Read more

Laid off from your tech job? Do this to boost your chance of getting hired

Laid off from your tech job? Do this to boost your chance of getting hired

The tech world has been rocked by mass layoffs as giants like Meta, Elon Musk-owned Twitter and Amazon bleed jobs amid economic uncertainty.  The number of IT layoffs in 2022 alone accounts for more than half of all terminations since Covid-19, according to layoffs.fyi, a tracking website. “Tech companies of all shapes and sizes are … Read more

Ubisoft Back On Steam For Assassin’s Creed Valhalla Last Update

Ubisoft Back On Steam For Assassin’s Creed Valhalla Last Update

Image: Ubisoft / Valve / Kotaku Ubisoft was one of many publishers in the last few years to ditch Steam for its own storefront or Epic’s launcher. And like so many, including Activision, Ubisoft is now coming back to Steam with the upcoming release of Assassin’s Creed Valhalla on the platform, after 2019 comments from … Read more