Sam Bankman-Fried lobbied for Taylor Swift deal as FTX bled cash and execs urged restraint
While FTX’s financials were suffering from the crypto selloff earlier this year, Sam Bankman-Fried was trying to land a sponsorship deal with Taylor Swift.
Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined
The award is particularly notable for Oracle, which isn’t among the top tier of companies operating cloud infrastructure services large customers.
Morgan Stanley cuts iPhone shipment estimate by 3 million more units
Morgan Stanley analysts reduced their Apple iPhone shipment forecast by an additional 3 million units Wednesday to account for slower production in China.
Trump search team finds at least 2 classified documents outside of Mar-a-Lago
Donald Trump is under criminal investigation by the Department of Justice for his removal of government documents from the White House when he left office.
Just 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds
The survey shows 43% of the public with a negative view of cryptocurrencies, up from 25% in March.
Britain approves first new coal mine in decades
Britain on Wednesday approved its first new deep coal mine in decades to produce the high-polluting fuel for use in steelmaking.
Apple announces plans to encrypt iCloud backups
Apple announced on Wednesday that it plans to encrypt additional iCloud data on its servers, including full backups, photos and notes.
EU sanctions, Russian oil price cap cause tanker bottleneck as crude moves through Turkey
Tankers shipping Russian oil face new Turkish insurance rules and delays which will worsen with a ‘shadow fleet’ of Chinese and Indian refiners likely buyers.
One group of stocks is refusing to buckle even with a recession looming
A longer-term look at the equal-weighted consumer discretionary vs. energy stocks shows some convergence here as the consumer has refused to buckle.
‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
The bank leaders are providing evidence that the Fed’s campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.
