Sam Bankman-Fried, the exchange’s founder, and several former executives were sued by FTX Trading on Thursday in an effort to recover more than $1 billion that they are believed to have stolen from the company prior to its bankruptcy.

In a speech to be given in the Vietnamese capital of Hanoi on Friday, U.S. Treasury Secretary Janet Yellen noted that the country is a critical partner for the United

Adani’s 34,000 crore PVC project in Mundra would be funded by a consortium of PSBs led by SBI. According to a report by The Hindu Businessline (BL), a group of banks led by the State Bank of India (SBI) have agreed to fund a significant portion of the 34,000 crore polyvinyl chloride (PVC) project in Mundra by the Adani Group. The PVC project is expected to reach a financial close by the middle of August with loan support from SBI. 

The aftermath of Tayyip Erdogan’s victory in May’s Presidential vote brought mixed fortunes for the Turkish financial market. While some sectors witnessed a surprising rally, others endured significant losses, with the lira taking a severe hit. This article explores the extreme moves in the Turkish financial Market’s Rollercoaster Ride and delves into what investors are keeping an eye on for the future.

The Conference Board conducts a poll called the Consumer Confidence Index (CCI), which gauges how hopeful or pessimistic consumers are about their future financial status.  The CCI, which is issued

On Thursday, the S&P 500 and Nasdaq futures declined as Tesla began second-quarter earnings for mega-cap growth and technology firms on a depressing note, and Netflix declined as quarterly revenue

On Wednesday, U.S. regulators released rules on the types of mergers and acquisitions to which they object, reiterating the cautiousness with which President Joe Biden’s administration has treated numerous transactions, particularly in the technology industry.

Tesla CEO Elon Musk recently announced plans for additional price cuts on electric vehicles as the company faces turbulent economic conditions, even as the price war on competitors begins to

Tata Sons revealed plans to build a gigafactory in the UK with the ability to create 40GW of batteries yearly. Customers in the UK and Europe will receive electric mobility and renewable energy storage solutions thanks to the over £4 billion investment.

Finnish telecommunications equipment group Nokia (NOKIA.HE) reported a decline in second-quarter profit due to a decrease in margin, primarily caused by a slowdown in the sales of 5G gear in low-margin markets, such as India.

The company plans to announce on Wednesday that Skims has secured $270 million in a fresh investment round that values it at $4 billion. Investors valued the business at $3.2 billion last year, so this is an increase.

During the first half of 2023, the largest US banks spent more than $1 billion on severance payments, highlighting the high cost of winding down Wall Street’s excessive expansion during the coronavirus pandemic.