Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies. Today, he’s a 32-year-old inmate at the Metropolitan Detention […]
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Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research
Getting people back to the office comes with a steep price tag — and those willing to swap their remote job for working in an office full-time could see the biggest change in their paychecks. Salaries for fully in-office roles are climbing in the United States. Companies are offering an […]
Baltimore port bridge collapse: Global ocean carriers put U.S. companies on hook for urgent cargo pickup
Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up. In an alert to customers Tuesday, CMA CGM wrote, “Those (containers) on the […]
Crypto is ‘like cayenne pepper’ for investors, money manager says: ‘A little goes a long way’
Tara Moore | Stone | Getty Images Katherine Dowling has an analogy that may be useful for investors thinking of buying cryptocurrency like bitcoin and wondering what amount is appropriate. It’s “like cayenne pepper,” said Dowling, general counsel and chief compliance officer at Bitwise Asset Management, a crypto money manager. […]
Ron Insana’s new firm aims to bring AI-powered trade ideas to individual investors
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 13, 2024. Brendan McDermid | Reuters A new company will try to crack the code of integrating artificial intelligence and investing, and it will be mostly focused on helping individual traders make […]
Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that […]
Baltimore port bridge collapse: Global ocean carriers declare ‘force majeure,’ leaving U.S. companies on hook for urgent cargo pickup
Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up. In an alert to customers Tuesday, CMA CGM wrote, “Those (containers) on the […]
Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in generative artificial intelligence. Its […]
Trump targets hush money trial judge’s daughter one day after gag order
Former President Donald Trump speaks during a press conference at 40 Wall Street on March 25, 2024 in New York City. Michael M. Santiago | Getty Images Donald Trump on Wednesday again targeted on social media the daughter of the judge in his upcoming criminal hush money trial — one […]
Novo Nordisk’s $1,000 diabetes drug Ozempic can be made for less than $5 a month, study suggests
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. Lee Smith | Reuters The blockbuster diabetes drug Ozempic could be manufactured for less than $5 a month, even as Novo Nordisk charges close to $1,000 per month for the injection in […]