Finance

FTX customers who lost a fortune on the bankrupt exchange are doubling down on crypto

FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry.  In a new documentary premiering Monday, FTX customers, insiders…

Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he’s ready…

Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more

Check out the companies making headlines in midday trading. Tesla — Stock in the electric vehicle company added 1.5% in…

Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO…

Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more

Check out the companies making headlines in premarket trading. Nike — The sneaker behemoth added nearly 10% in premarket trading…

Can China’s economy reverse a sluggish 2023 in the last quarter? Here’s what to watch

BEIJING — The last three months of the year are set to bring more clarity on China’s economic outlook and…

Bill Ackman believes the 10-year Treasury yield could approach 5% soon

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back…

Brad Gerstner says AI will be bigger than the internet, bigger than mobile

Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology…