TGIW! Dan DeFrancesco checking in for this quasi-Friday ahead of the long holiday weekend. (If you have to work on Friday, apologies.) Quick programming note: The newsletter will be off on Thursday and Friday, returning (most likely a few pounds heavier) on Monday. Lots of interesting stories today, including why a top Wall Street firm got…
Monthly Archives: November 2022
Happy Thanksgiving eve, readers. I’m Phil Rosen. If you happen to be in New York without Thursday morning plans, you could swing by the Macy’s Thanksgiving Day Parade, where you can be hugged by thousands of people at once and still be cold. But if you aren’t in New York, don’t sweat it — Macy’s…
Phoenix, Arizona. Getty Images Pandemic boomtowns like Phoenix and Las Vegas are seeing investors retreat as home prices fall. Economic uncertainty and high inflation combined with lower buyer demand are contributing to the exodus. One economist thinks homebuyers will face less competition from cash-rich investors going forward. Investors are retreating from pandemic boomtowns like Phoenix,…
Elon Musk and Stephen King. Britta Pedersen / POOL / AFP / Lou Rocco/Disney General Entertainment Content via Getty Images Stephen King has slammed Elon Musk on Twitter again. The award-winning author took aim at Twitter’s ongoing advertising problems. The author has sparred with Musk multiple times since the billionaire’s Twitter takeover. Stephen King has…
Happy Thanksgiving Eve, readers! Today is known as one of the biggest party days of the year, with people returning to their hometown bars for pre-Thanksgiving drinking and shenanigans with old friends. Before the debauchery kicks off tonight, we still have your daily helping of tech news. Today, we’ve got the details on Elon Musk…
Investor home buying has fallen 30% over the past year, according to data from Redfin. REUTERS/Lucy Nicholson Investor home buying has fallen 30% in a year, according to the Wall Street Journal. Institutional investors piled into America’s housing market after the pandemic. But high prices and rising interest rates have started to alienate potential buyers….
Tyler Grange managing director Simon Ursell, pictured third from left, says employees, seen here, have taken up new hobbies with their extra day off. Courtesy of Tyler Grange Earlier this year, more than 70 companies in the UK began one of the largest-ever trials of a 4-day work week. Simon Ursell is managing director at…
Twitter owner Elon Musk. Steve Nesius/Reuters Elon Musk has refused to pay Twitter’s travel expenses incurred before his takeover, the NYT reports. Musk’s team has failed to pick up calls from travel vendors, sources told the NYT. It comes as Musk has started to cut down on costs at Twitter, as Insider’s Kali Hays reported. …
Jabin Botsford/Getty Images At his peak, Sam Bankman-Fried’s net worth was $26 billion. He spent his money on properties, political donations, and funding sports teams. Here’s a list of all the places we found where he spent his money. Sam Bankman-Fried told Bloomberg in April that years down the road, he’d subsist on $100,000 a…
The crypto exchange sponsored the FTX Arena in Miami, Florida. Marco Bello/Reuters A substantial amount of assets tied to FTX are either missing or stolen, a company lawyer said. In a bankruptcy hearing, the lawyer said FTX initiated cyberattack controls in response. He added the exchange was controlled by “inexperienced and unsophisticated individuals.” A lawyer…