Here’s the apology letter Sam Bankman-Fried sent to FTX employees: ‘When sh—y things happen to us, we all tend to make irrational decisions’
CNBC obtained a letter sent by Sam Bankman-Fried to FTX employees.
European markets close higher as mining and retail sectors gain
European markets closed higher on Wednesday as investors digested euro zone economic data and awaited the U.S. Federal Reserve’s latest meeting minutes.
Apple and Elon Musk’s Twitter are on a collision course
Elon Musk has announced big plans for Twitter since he took over the social network last month.
Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
Sequoia Capital partner Doug Leone warned today’s economic downturn was “more difficult and more challenging” than recessions in 2000 and 2008.
Google has avoided mass layoffs so far, but employees worry their time may be coming
Google employees say recent actions taken by executives is leading to increased anxiety that job cuts are on the way.
Russia relaunches Soviet-era Moskvich car brand using a former Renault plant
Production of the Soviet-era Moskvich car relaunched in Russia on Wednesday at a former Renault factory.
Brits are starting to think again about Brexit as the economy slides into recession
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
The stock market is poised for a Santa Claus rally, but not until after the Fed meets
Stocks could chop around for several weeks before moving higher in a traditional year-end Santa Claus rally, said analysts who follow charts.
Scotland cannot hold an independence referendum without UK government approval, top court rules
The U.K.’s Supreme Court on Wednesday told the Scottish government it cannot hold a fresh independence referendum without the U.K. government’s consent.
Europe’s gas price cap leaves some nations dismayed, saying it’s far too high
Introducing a cap on gas prices has been one of the more controversial measures for Europe amid an acute energy crisis following Russia’s invasion of Ukraine.
