Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut
Finance
Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty Images HELSINKI, Finland — American venture capitalist Doug Leone doesn’t think the tech wreck is going away anytime soon. The Sequoia Capital partner
In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background. Avishek Das | Lightrocket | Getty Images FTX’s vast web of entities had a total of around $1.24 billion in cash balances as of Nov. 20, according to a new court filing out late Monday. The
FTX filed for bankruptcy in the U.S. on Nov. 11, 2022, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images Embattled cryptocurrency exchange FTX owes its creditors north of $3 billion, according to a new filing over the weekend. A list of FTX’s
In this article WSM GPS 9618-HK FL Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The apparel and footwear retailer also raised its full-year forecast
In this article PANW DKNG GPS FANG COIN WSM RENT Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue.
Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doing too much damage to employment. “By raising rates, we are aiming to slow the economy and bring labor demand into better balance with supply,” Collins said in prepared
In this article KSS M BJRI BABA Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-store sales fell less than expected and the company also raised its earnings outlook. BJ’s
In this article AAP CCL LOW TGT Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Target (TGT) – Target plunged 13.5% in the premarket after missing consensus estimates by 59 cents with quarterly earnings of $1.54 per share. The retailer expects a drop in holiday season sales and
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program. related investing news Dan Loeb’s Third Point
Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images The boss of cryptocurrency exchange Crypto.com took to YouTube Monday to reassure users of his platform after the stunning collapse of rival firm FTX sparked fears of a market contagion. In an “AMA”
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus