Bankman-Fried blames Changpeng Zhao for campaign against FTX
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Bankman-Fried blames Changpeng Zhao for campaign against FTX

ByNews Polite

Sam Bankman-Fried accused Binance boss Changpeng “CZ” Zhao of waging a lengthy campaign to destroy his crypto empire on Thursday while making yet another attempt to explain what led to FTX’s catastrophic bankruptcy. In a lengthy Substack post, the disgraced former FTX CEO alleged that Zhao’s “fateful tweet” on Nov….

Sam Bankman-Fried is fighting to keep $450m stake in Robinhood
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Sam Bankman-Fried is fighting to keep $450m stake in Robinhood

ByNews Polite

Sam Bankman-Fried is battling to keep a $450 million stake in retail stock Robinhood that FTX’s new boss is trying to claw back from the indicted crypto huckster, according to court records. The ousted FTX founder claims he is entitled to the assets listed under Emergent Fidelity Technologies, a holding…

CNN begins slashing workers as Chris Licht cuts costs: report
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CNN begins slashing workers as Chris Licht cuts costs: report

ByNews Polite

CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network. Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time for everyone” at the company….

Ford recalls 518K SUVs in US over possible fuel leak, fire risk
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Ford recalls 518K SUVs in US over possible fuel leak, fire risk

ByNews Polite

The Ford Motor Company is recalling more than 500,000 sport utility vehicles across the United States over fire risks resulting from a possibly cracked fuel injector.  Ford, the second-largest car manufacturer in the U.S., said that while the likelihood of fires was rare, it was compelled to offer the recall after being informed of…

Jim Cramer urges investors to buy Disney stock, prompting critics to joke: ‘Time to short’
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Jim Cramer urges investors to buy Disney stock, prompting critics to joke: ‘Time to short’

ByNews Polite

Bob Iger’s return as CEO of The Walt Disney Company has Jim Cramer bullish on the Mouse House, but critics of the CNBC investment maven say that’s as good a reason as any to bet that the stock price is going to fall. “Disney, pay 98 if you can. That…

CEO Andrew Jassy tells Amazon workers that layoffs will continue into 2023
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CEO Andrew Jassy tells Amazon workers that layoffs will continue into 2023

ByNews Polite

Amazon employees can expect the current round of layoffs to continue into 2023, CEO Andrew Jassy said in a memo to workers. The elimination of some 10,000 positions, or 3% of Amazon’s workforce, began this week, but the culling will extend into early next year, Jassy said. He describing the…

US companies dictate minimum prices on goods to retailers, shoppers left with fewer discounts
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US companies dictate minimum prices on goods to retailers, shoppers left with fewer discounts

ByNews Polite

Shoppers will find fewer discounts on everything from toys to tortillas as companies increasingly set minimum prices on their goods to maintain profits and limit price cutting by retailers like Walmart and Amazon. For many years, manufacturers set the lowest price at which retailers could advertise certain big-ticket items like TVs. They…