Foreign Exchange Reserves Dropped
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Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn
CEO confirms once company has sold off remaining assets it will have more than amount required. The bankrupt cryptocurrency exchange FTX has said it will be able to repay creditors the full $11bn (£8.8bn) it owes, as the boom-bust cycle repeats ...The Guardian - World - Crypto -
FTX Creditors Will Be Repaid in Full, Crypto Exchange's Estate Says
All of FTX’s creditors, except the government, will get 100% of their money back in cash plus interest, the bankrupt cryptocurrency exchange’s estate said.The Wall Street Journal - World - Crypto -
FTX Is Rare Financial Blowup That Will Repay Victims in Full
The defunct cryptocurrency exchange said it will have more than enough money to fully repay its millions of swindled customers with interest.The Wall Street Journal - World - Crypto -
Toyota Motor Projects Annual Profit Drop
The Japanese carmaker projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit thanks partly to a weaker yen.The Wall Street Journal - Business -
Bertelsmann Keeps Mixed Outlook After Revenue Drop
Bertelsmann said for 2024 it continues to expect a significant decline in revenue and earnings due to asset sales, but a moderate increase in both revenue and earnings from continuing operations.The Wall Street Journal - Business -
Oil Rises, Aided by Unexpected Drop in U.S. Inventories
Oil rose in the morning Asian session, aided by the Energy Information Administration’s report on Wednesday that showed a decline of 1.4 million barrels for the week that ended May 3.The Wall Street Journal - World -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
Pharmaceutical giant AstraZeneca on Wednesday said it planned to withdraw its Covid-19 vaccine as demand for it has declined.CNBC - Business - Covid -
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Woman seeks to drop sexual assault lawsuit against ex-Grammys CEO
A woman who accused the former CEO of the Grammy Awards of sexually assaulting her in 2018 is asking a judge to drop the lawsuitABC News - Entertainment -
Arm shares drop as revenue forecast falls short despite AI boom
Lacklustre outlook raises concerns that spending on artificial intelligence chips could slowFinancial Times - Business -
Kai Cenat's riot charges dropped after he apologizes and pays for Union Square mayhem
Charges of inciting a riot will be dropped against streamer Kai Cenat after he agreed to pay restitution and apologize for luring thousands of fans to New York’s Union Square last yearABC News - Tech -
College students list mental health, stress as top reasons to consider dropping out: Gallup
Mental health and stress are among the top reasons college students consider dropping out of school, according to a recent Gallup poll. Among students who said they considered leaving their program within the last six months, 54 percent cited ...The Hill - Politics -