FTX’s creditors include Goldman Sachs, The New York Times and Netflix

FTX’s creditors include Goldman Sachs, The New York Times and Netflix

New York CNN — Recently unsealed bankruptcy documents have revealed thousands of creditors who FTX owes after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named to the list of creditors, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX … Read more

Gautam Adani’s firm loses $50 billion in market value after report on short sellers

Gautam Adani’s firm loses  billion in market value after report on short sellers

New Delhi CNN — The value of Gautam Adani’s business empire has plummeted by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, released a scathing report l accusing of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious”, and is considering legal … Read more

Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries

Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries

CNN — Twitter and Tesla CEO Elon Musk met with House Speaker Kevin McCarthy and Democratic Leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say, “He came for my birthday.” The California Republican turned 58 on … Read more

BuzzFeed says it will use AI to help create content, stock jumps 150%

BuzzFeed says it will use AI to help create content, stock jumps 150%

New York CNN — BuzzFeed said Thursday it will work with ChatGPT creator OpenAI to use artificial intelligence to help create content for its audience, marking a milestone in how media companies implement the new technology. in their activities. Jonah Peretti, the company’s co-founder and chief executive, told employees in a memo that they can … Read more

Southwest posts quarterly loss, warns more losses to come after service slumps

Southwest posts quarterly loss, warns more losses to come after service slumps

New York CNN — Southwest Airlines reported a fourth-quarter loss due to the company’s service slump during the holiday travel season, and it warned the costs of those issues would result in another first-quarter loss. . The airline was forced to cancel more than 16,700 flights between Dec. 21 and Dec. 29, about half of … Read more

How M&M’s is making the most of its spokesperson controversy

How M&M’s is making the most of its spokesperson controversy

New York CNN — Over the past year, M&M’s has been the subject of tirades from Fox News and criticism from a small segment of fans – first for changing Green M&M’s shoes and more recently for featuring female M&M characters on its packaging for International Women’s Day. This week, he announced a change: following … Read more

Here’s what Boeing blames for its big loss

Here’s what Boeing blames for its big loss

New York CNN — Boeing reported a fourth-quarter operating loss of $650 million, surprising Wall Street analysts who expected the aviation giant to turn a profit. The company blamed the unexpected loss on “abnormal production costs” as it tried to both deliver the remaining backlog of 737 Max jets and ramp up deliveries of 787 … Read more

The New York Stock Exchange is investigating a ‘technical glitch’ that briefly halted some trading

The New York Stock Exchange is investigating a ‘technical glitch’ that briefly halted some trading

New York CNN — The New York Stock Exchange experienced a technical glitch on Tuesday morning that led to a brief halt in trading for dozens of large companies just after the market opened. Due to this issue, some trades that took place before the shutdown will be rendered “null and void”, according to a … Read more

Taylor Swift: Live Nation exec to clash with lawmakers over concert ticket fiasco

Taylor Swift: Live Nation exec to clash with lawmakers over concert ticket fiasco

New York CNN — Legislators are ready to grill the top leaders of the event ticketing industry on Tuesday after Ticketmaster’s inability to process orders for Taylor Swift’s upcoming tour left millions of fans unable to buy tickets or without their ticket even after purchase. Joe Berchtold, president and chief financial officer of Ticketmaster’s parent … Read more

Bill Gates backs a startup that tackles cow burps and farts

Bill Gates backs a startup that tackles cow burps and farts

CNN — Turns out burping can be a big deal. Billionaire Bill Gates has announced an investment in Australian start-up Rumin8, which is developing a seaweed-based feed to reduce methane emissions that cows produce through their burps and, to a lesser extent, their farts. Methane is a powerful greenhouse gas. Although it has a shorter … Read more