Binance CFO leaves to ‘pursue new business’ after $6.3 billion hack
Binance CFO Kaiser Ng is leaving the cryptocurrency exchange. According to Bloomberg, co-CEO Yi He said in a statement that Ng’s departure would allow him to “pursue a new venture after more than five years at Binance” and that a…
Stocks soared following the Democrats’ victory. Less than 24 hours later, the AI business collapsed.
Wall Street’s tumultuous midterm election week began with a celebration among investors. Stocks soared on Wednesday after Democrats swept both houses of Congress. The Dow (^DJI) jumped more than 1,500 points. The S&P 500 (^GSPC) rose almost…
Hoping for a rapid drop in gas prices after the midterm elections? This probably won’t happen
Want to bookmark your favorite articles and stories to read or view later? Start your independent membership today. Join us today Already a member? Log in Democrats campaigned hard to lower prices, particularly at the pump. But their success in winning…
Musk says SpaceX could buy an old telecom company and use its spectrum 10 times better
Musk has hinted at a telecommunications buyout without naming a target, while a rival CEO has put a sky-high price tag on SpaceX’s ambitions. Debt, regulators and a wide gap separate boasting from reality. This article may contain links from our…
UC system buys $193 million from Ritz-Carlton while California university costs more than $50,000
California students are being saddled with college bills topping $50,000 a year, while the University of California system is spending nearly $200 million on a luxury hotel overlooking the Pacific Ocean. UC Investments, the investment arm of the…
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Musk says SpaceX could buy an old telecom company and use its spectrum 10 times better
Quick reading Elon Musk says SpaceX could buy an older carrier and use its airwaves “ten times more efficiently,” although he hasn’t named any targets and nothing has been filed. Deutsche Telekom CEO Tim Hoettges says SpaceX would need…
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Megaspeed executive recruited to spy on Nvidia CEO, US intelligence memo says
A memo released earlier this year claimed that technology executive Alice Huang was recruited by China’s Ministry of State Security to spy on Nvidia CEO Jensen Huang, according to multiple media reports. The New York Times, which previously said…
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