In an interview with Decrypt, Sam Bankman-Fried, the CEO of FTX Exchange, admitted that his company “sure should have” done more to protect its customers’ funds after a spectacular collapse of shares from GameStop and AMC shook the markets. He underscored FTX’s fast-paced growth since early 2020 as a key factor in the company’s failure […]Read More
Live Nation, the world’s largest live entertainment company, is facing criticism by a group of senators accusing it of not fulfilling its promise to stop using hidden ticket fees. In August of 2019 Live Nation promised “fans will now know the full price of their ticket at the beginning of their purchase journey.” However, the […]Read More
to the desired level. The Federal Reserve has used a variety of tools to try to get inflation down to its target rate, including interest rate cuts and quantitative easing. However, the central bank has also indicated that it is willing to keep inflation slightly above its target if needed to achieve other policy goals. […]Read More
Yes, the Rite Aid bankruptcy will mean that pharmacies will keep dwindling. However, it is also important to note that the chain will be transitioning some of its stores to Walgreens, which may help to offset the losses slightly. Additionally, some of the Rite Aid stores may become independent pharmacies dependent on individual owners, potentially […]Read More
. Analysts point out that while tensions in the Middle East might lead to higher oil prices, this should not substantially increase the US retail price at the pump. Given that the US does not buy energy from the Middle East, the current conflict does not lower the domestic supply of crude oil, meaning that […]Read More
plans Yes, Hollywood and automotive strikes have been denting business travel plans. These strikes have resulted in some business fleets having to rent cars, causing prices to rise, and some businesses have had to cancel travel plans altogether. Additionally, some film industry workers are having to cut back on travelling for location shoots due to […]Read More
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