Business News

Binance Walks Away from FTX Deal, Sam Bankman-Fried's Fortune Down to $1 Billion

Sam Bankman-Fried's crypto exchange FTX is in deep trouble after Binance walked away from the acquisition deal.

Nov 10, 2022

By Nandika Vinal Chand

Gems Hidden In The Winds Of Change: 8 promising Eastern European early-stage founders launching international products in 2022

Anna Deynego wanted to play a role in ensuring equal access for founders from all across the globe. Our organization was born out of this intention

Nov 10, 2022

By IBT Desk

Meta to Lay Off More Than 11,000 Employees Amid Declining Sales and Revenue Drop

Over 11,000 employees are being sent home by Meta, Facebook's parent company, after a noted revenue decline in Q3.

Nov 9, 2022

By Nandika Vinal Chand

Facebook Mark zuckerberg

Crypto Exchange Binance to Buy Rival Sam Bankman-Fried's FTX

Months of rivalry ended between FTX and Binance, after Sam Bankman-Fried approached Changpeng Zhao for help.

Nov 9, 2022

By Nandika Vinal Chand

Valentin Bourquin's tips for starting a concierge service from scratch

From the rental of luxury cars to the rental of private jets, yachts, or villas through close protection services, Valentin meets the demand in an extensive range.

Nov 8, 2022

By IBT Desk

EXPLAINER: How Blockchain-Based CBDC and Cryptocurrency Are Different

The CBDCs' primary purpose is to provide privacy, transferability, ease, accessibility, and financial security to companies and consumers.

Nov 7, 2022

By IANS

Investment Maven Warren Buffett's Berkshire Hathaway Runs Up $2.69 Billion Loss in 3rd Quarter; Here's Why

Buffett has been aggressive in insurance portfolios for decades but rising inflation and economic downturn have left a huge impact on the sector.

Nov 6, 2022

By Jacob J

Wall Street Slides as Fed Signals There Won't be Soft Landing; S&P 500 Down 1.1%

While the S&P 500 dropped 1.1 percent, the Dow Jones Industrial Average slid 150 points, or 0.5 percent and the technology-focused Nasdaq Composite was down by 1.7 percent.

Nov 4, 2022

By Jacob J

Meta to Test Buying and Selling NFTs on Instagram - Report

The tech giant has also expanded access to subscriptions on Instagram to all eligible creators in the US.

Nov 3, 2022

By IANS

Fed Worsens Recession Fears; Says There's No Plan to Pause Rate Hikes After 75 bps Increase

The inflation picture has become more and more challenging over the course of this year, says Federal Reserve Chairman Jerome Powell.

Nov 3, 2022

By Jacob J

Binance CEO Says Crypto Exchange Has Invested $500 Million in Twitter to Support Elon Musk's Free Speech Drive

Twitter boss Musk has announced that users can get their accounts verified with the new Blue plan at a price of $8.

Nov 2, 2022

By IANS

Elon musk

Presdon Luczek's Positive Impact On The South Florida Real Estate Market

Presdon Luczek says The Real estate is not only a business network but requires being attuned to art and design -and having the ability to identify with clients and their needs, to understand their vision

Nov 2, 2022

By IBT Desk

Steady Stack Becomes #1 Trading Algorithm with 80% Success Rate

Hassan Shaikh said The 86% success rate didn't just come from giving out the algo to absolute newbs. We train and vet our users to make sure they are master traders and the algorithm is just a high-caliber weapon that accelerates their success

Nov 1, 2022

By IBT Desk

More Staff Departures Hit Struggling Credit Suisse; Yves-Alain Sommerhalder is Latest to Leave

Sommerhalder, who has spent more than 20 years at Credit Suisse, was seen as responsible for ramping up the Swiss bank's Asia business.

Nov 1, 2022

By Jacob J

US Stock Rally Could Get Boost as Fed Could Soon Pivot Away From Monetary Tightening - Analyst

The observation comes days ahead of the meeting of the Federal rate setting committee.

Oct 31, 2022

By Jacob J

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