NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more
Nov 30 (Reuters) – A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that said President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful. The New Orleans-based 5th US Circuit Court of Appeals rejected the Biden administration’s request to pause a … Read more
WASHINGTON, Nov 29 (Reuters) – The US Senate passed a bill on Tuesday that would protect federal recognition of same-sex marriage, a measure taken up in response to worries the Supreme Court could overturn a 2015 decision that legalized it nationwide. The narrowly tailored bill, which would require the federal government to recognize a marriage … Read more
LONDON, Nov 29 (Reuters) – Elon Musk’s declaration of war on Apple (AAPL.O) in a series of tweets on Monday gives Spotify and Fortnite maker Epic Games a powerful ally in taking the tech giant to task over its 30% App Store fees. Musk criticized the fee Apple charges software developers for in-app purchases, and … Read more
WASHINGTON, Nov 29 (Reuters) – Oath Keepers founder Stewart Rhodes, and another leader of the right-wing group, were found guilty on Tuesday of seditious conspiracy for the attack on the US Capitol by Donald Trump supporters, an important win for the Justice Department. The verdicts against Rhodes and four co-defendants, after three days of deliberations … Read more
Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more
Filing follows weeks after FTX collapse FTX listed as BlockFi’s No.2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange … Read more
DUBAI, Nov 27 (Reuters) – Iranian Supreme Leader Ayatollah Ali Khamenei’s niece, a well known rights activist, has called on foreign governments to cut all ties with Tehran over its violent crackdown on popular unrest kindled by the death in police custody of a young woman. A video of a statement by Farideh Moradkhani, an … Read more
NEW YORK, Nov 24 (Reuters) – Donald Trump was sued for defamation a second time on Thursday by a writer who accused the former US president of lying by denying that he raped her 27 years ago. In a complaint filed in Manhattan federal court, the former Elle magazine columnist E. Jean Carroll also accused … Read more
Nov 24 (Reuters) – Women who have accused Jeffrey Epstein of sexual abuse filed lawsuits against Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N) on Thursday, alleging the banks financially benefited from the late financier’s alleged sex trafficking operations. The women, who were not identified in the court filings, cite US federal anti-sex … Read more