A judge in New York is weighing whether to revoke Sam Bankman-Fried’s bail after prosecutors said Wednesday that the FTX co-founder used the news media to harass a key witness against him and should be locked…
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Business
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The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the U.S.…
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UPS and the Teamsters union reached a tentative agreement for a new five-year contract covering 340,000 workers at the country’s largest package carrier Tuesday, six days before a threatened strike that risked snarling deliveries across…
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U.S. consumer confidence increased to a two-year high in July amid a persistently tight labor market and receding inflation, bolstering the economy’s prospects in the near term. But the economy is not out of the…
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MIAMI — At the height of the Covid pandemic, Miami — the new home of soccer superstar Lionel Messi — emerged as an unlikely destination for individuals seeking an escape from lockdowns and a return…
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Spotify announced Monday it will increase the price of its premium service by $1, to $10.99. The music streaming giant said existing premium plan subscribers would be notified via email of when the increase would…
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The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven…
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Business
FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10M in misappropriated funds
Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse him and members of his leadership team of stealing hundreds of millions of dollars.…
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The Internal Revenue Service will end most unannounced in-person visits to taxpayers in order to ‘reduce public confusion’ and improve safety for taxpayers and employees alike, the agency said Monday. The change reverses a decades-long…
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Negotiators for UPS and the Teamsters union representing some 340,000 workers at the nation’s largest package carrier are going back to the table on Tuesday, seeking to finalize a labor deal by the end of…