Sam Bankman-Fried, co-founder of crypto exchange FTX. Lam Yik/Bloomberg via Getty Images Sam Bankman-Fried claims he paid little attention to his company expenses, per Bloomberg. The FTX co-founder told Bloomberg he didn’t realize he was spending more than he was taking in. Authorities in the US and the Bahamas are investigating FTX’s collapse. Sam Bankman-Fried…
One reason for inflation is a lack of workers as more and more boomers are retiring. Olga Rolenko/Getty Images Boomers are reaching retirement age in the US. It comes while over a million people are missing from the US workforce, a BlackRock study found. The labor shortage is one reason companies are raising prices. Millennials…
Evergrande chairman Hui Ka Yan. Getty Images The Evergrande founder sent a voice note in an apparent bid to quell rumors, per Bloomberg. Hui Ka Yan reportedly sent a 50-second clip to executives to encourage construction projects. Evergrande has debts of $300 billion and faces a collapse in property values in China. The founder of…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Author Jovan Johnson. Jovan Johnson Growing up, my mom taught me to…
Hundreds of Denver International Airport janitors walked off the job, striking for higher pay and less taxing workload at Denver International Airport in Denver, Colorado on Friday, October 1, 2021. Hyoung Chang/MediaNews Group/The Denver Post via Getty Images Airport service workers are planning a day of action on December 8 to demand better conditions. The…
Sam Bankman-Fried. Jabin Botsford/Getty Images Sam Bankman-Fried says he’s “trying to figure out” how to pay his lawyers, calling it a “concern.” After FTX collapsed, Bankman-Fried’s fortune plummeted from around $16 billion to “close to nothing.” His father previously said he would be “spending substantially all of my resources on Sam’s defense.” Sam Bankman-Fried, the co-founder…
Insider A “now hiring” sign is displayed in a window in Manhattan on July 28, 2022 in New York City. Spencer Platt/Getty Images The US gained 263,000 nonfarm payrolls in November, better than the 200,000 economists expected. The unemployment rate stayed the same at 3.7%. November’s gain shows ongoing strength in the jobs market. This…
Four of the animals found during a deep-sea expedition to the Cocos Islands. Museums Victoria/Ben Healley Scientists explored the recesses of the ocean floor off the Cocos (Keeling) Islands near Australia. They found a host of bizarre sea creatures, from the tribute spiderfish to the bony-eared assfish. One animal, a blind eel that gives birth…
Mohamed El-Erian. Jason Reed/Reuters Mohamed El-Erian believes the Fed and financial markets aren’t listening to what the other is signaling. So the top economist scripted a chat between the two to highlight the missed messages and risks. He believes markets are fixing on the news they want to hear and not on the Fed’s warnings….
Apple has internally changed the name of its upcoming mixed reality headset’s accompanying software from “realityOS” to “xrOS,” according to Bloomberg’s Mark Gurman. As the reporter notes, the new name better represents the software’s capabilities: “XR,” after all, stands for extended reality, and the headset is expected to have both augmented and virtual reality features. …