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Weekly U.S. unemployment filings at a 3-month peak; key capital expenditures rise
Despite mounting layoffs in the tech sector, the number of Americans submitting new claims for jobless benefits rose to a three-month peak last week....
Massive Foxconn iPhone factory in China shaken by new labour unrest
At the Foxconn (2317.TW) flagship iPhone factory in China, hundreds of workers participated in protests, with some individuals breaking windows and security cameras, according...
Bankman-FTX Fried and co. purchased $300 million worth of property in the Bahamas
In the past two years, at least 19 homes worth close to $121 million have been purchased in the Bahamas by Sam Bankman-FTX, Fried's...
Fed’s Bostic declares his readiness to “walk away” from significant rate rises.
Raphael Bostic, president of the Atlanta Federal Reserve, stated on Saturday that he is prepared to "step away" from three-quarter point rate increases at...
FTX founder’s comments present a dilemma for his attorneys
Legal experts claimed that the creator of FTX, Sam Bankman-Fried, who is facing increasing legal repercussions for the failure of his crypto exchange, may...