Crypto exchange FTX is replacing its U.S. president

Brett Harrison, FTX Source: CNBC Brett Harrison, the U.S. president of the crypto exchange FTX, announced his resignation on Tuesday, with the company in the midst of a massive expansion effort. Harrison said on Twitter that he will be moving into an advisory role at the company and said he plans to remain in the … Read more

FedEx, McDonald’s, Lucid and more

Here are Tuesday’s biggest calls on Wall Street. Goldman Sachs downgrades Keurig Dr Pepper to neutral from buy Goldman said it sees increased risk to Keurig ‘s margins amid higher coffee prices. “We now see a more balanced risk/reward and therefore downgrade the stock to a Neutral rating from a Buy given our expectation that … Read more

EV drivers in Britain see jump in public charging cost

The U.K. has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the U.K. have seen the cost of using a public, “rapid” charger on a pay-as-you-go tariff rise by 42% since May, according to … Read more

Apple likely to shun Pro Max branding for Ultra with iPhone 15

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Dan Niles reveals how the Santori Fund is beating the market

This year’s bear market has left many investors deep in the red, but Dan Niles says his Satori Fund has bucked the trend. Niles said the U.S.-focused long-short equity fund is up this year, outperforming the S & P 500 , which has declined around 20% in the same period. He did not disclose the … Read more

Eight states file action against Nexo crypto lending platform

New York State Attorney General Letitia James speaks at a news conference after former U.S. President Donald Trump’s White House chief strategist Steve Bannon arrived to surrender, in New York, U.S., September 8, 2022. Caitlin Ochs | Reuters Eight states announced on Monday they’re bringing actions against the crypto lending platform Nexo Group in connection … Read more

What the latest IRS crypto tax records summons means for investors

The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records. The agency will issue a so-called “John Doe summons” requiring M.Y. Safra Bank to turn over crypto transaction data for SFOX, a digital currency prime broker that … Read more

Kawasaki W175 launched in India: check price, colour options and top features of new motorcycle

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PG&E, Lyft, Las Vegas Sands, more

Check out the companies making headlines before the bell: Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very … Read more

Amazon’s second Prime Day sale will take place Oct. 11-12

Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon is hosting another Prime Day-like deal bonanza next month, marking the first time it will hold two such events in the same year. The company said … Read more