FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f—ing greedy,’ says Mark Cuban

Billionaire tech entrepreneur and Dallas Mavericks owner Mark Cuban has offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Mark Cuban Cuban, speaking on Friday at a conference in Washington, D.C., hosted by Sports Business Journal, shared the view that avarice … Read more

Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earnings season kicks into a new gear this week. After swelling prices and results from JPMorgan Chase & Co. JPM, +1.66% and … Read more

City executives say they’re warming to ‘now electable’ Labour

Three years ago, the prospects of a Labour government in Downing Street filled many City executives with terror. Jeremy Corbyn’s policies were seen at the time as radical and anti-business. Now things couldn’t be more different. Prime Minister Liz Truss’ mini-budget, where the political party typically seen as most cozy with Square Mile executives instead rocked Britain’s economic outlook … Read more

Bed Bath & Beyond Confirms Death of CFO Gustavo Arnal

By Ginger Adams Otis and Ryan Felton Updated Sept. 4, 2022 4:40 pm ET Listen to article (1 minute) Bed Bath & Beyond said Chief Financial Officer Gustavo Arnal died on Friday. The home-goods retailer didn’t immediately respond to requests for comment on the circumstances of Mr. Arnal’s death.

Rakesh Jhunjhunwala, billionaire investor dubbed India’s Warren Buffett, dies at 62

NEW DELHI — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62. Prime Minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of $5.8 billion, according to Forbes. … Read more

Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out

When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for the holidays. Half a year, dozens of home tours, and eight unsuccessful bids later, Stofko, 25, and McRae, 26, have moved … Read more

Why this Ex-Goldman banker pivoted his startup from sport to racial inequality

Asked what he thinks the City should do to tackle racial inequality in the workplace, Nii Cleland, a former Goldman Sachs banker and co-founder of Flair Impact, has plenty of answers. In 2020, as the murder of George Floyd sparked global protests, Cleland and his cousin, Darrell Coker, watched corporates put out their responses. As the … Read more