Retail traders have been selling into the rally, but they are buying two tech names
Investors dropped shares of Amazon and Apple in the past week, but flocked toward two other tech stocks.
FTX used corporate funds to purchase employee homes, new filing shows
Corporate funds were used by FTX to purchase homes for the benefit of employees, a bankruptcy filing from new CEO John Ray III said.
Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO’s report
A filing from FTX’s new CEO reveals a culture of permissiveness and laxity, where expenses were approved with emoji and company funds paid for employee homes.
Bill Miller keeps betting big on this energy stock, which is up 60% this year
His hedge fund Miller Value Partners held about $90 million worth of Ovintiv shares, making it the top holding at the end of the third quarter.
Former SpaceX employees file labor complaints alleging retaliatory firings by Elon Musk’s company
Former employees of SpaceX filed federal complaints against the company on Wednesday, alleging Elon Musk’s venture illegally fired them.
Meta reportedly disciplined or fired more than two dozen workers for taking over Facebook user accounts
Meta Platforms fired or disciplined more than two dozen employees and contractors who took control of user accounts, according to The Wall Street Journal.
GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule
General Motors expects its new electric vehicles to be in-line with traditional cars and trucks with internal combustion engines by mid-decade.
Cathie Wood adds to holdings in Coinbase, other crypto stocks amid FTX fallout
Ark Invest is not backing away from crypto despite the declines in prices and bankruptcy of FTX.
Never seen ‘such a complete failure’ of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy
Newly appointed FTX CEO John Ray III excoriated Sam Bankman-Fried, declaring he had never seen such a failure of corporate controls or trustworthy information.
Watch CNBC’s full interview with Microsoft CEO Satya Nadella
Satya Nadella, chairman and CEO of Microsoft, speaks to CNBC’s Tanvir Gill.
