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FTX in talks to raise $1 billion at valuation of about $32 billion

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s …

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Elon Musk attorneys raise Twitter whistleblower complaint in court

Comment on this storyCommentElon Musk’s attorneys brought new allegations from a whistleblower to court Wednesday as additional ammo in their longshot case to walk away from buying social media giant Twitter.The explosive whistleblower complaint became a talking point for Musk’s attorneys throughout the one-and-a-half hour hearing, which was scheduled for the attorneys to request more …

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Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow.Shares of the company surged about 11% in afternoon trade after the …

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Fed will ‘absolutely’ raise interest rates in September with focus to lower inflation: SF Fed pres Mary Daly

Check out what’s clicking on FoxBusiness.com. Federal Reserve Bank of San Francisco President Mary Daly on Sunday said the U.S. central bank will “absolutely” raise interest rates half a percent in September to try to bring down red-hot inflation. Daly appeared on CBS’ “Face the Nation,” saying Americans are struggling as inflation hits 9.1% – …

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Credit Suisse chairman denies plans to sell or raise capital after mammoth loss

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise.Thi My Lien Nguyen | Bloomberg | Getty ImagesCredit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss.The bank posted a net loss of 1.593 billion Swiss francs …

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CoinFlex issues new coin to raise funds after investor fails to pay debt

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis.Artur Widak | Nurphoto | Getty ImagesCryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client failed to …

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Tucker Carlson just inadvertently helped raise $14,000 for abortion rights

Placeholder while article actions loadHours after the Supreme Court overturned Roe v. Wade on Friday, Tucker Carlson took to the airwaves to rail against companies that would pay for employees’ abortion-travel costs. “They’re against families,” the Fox News host said of the firms on “Tucker Carlson Tonight.”But as Carlson was offering his commentary, an image …

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