Articles by Erin Slifka

The bank avoided loans backing purchases of companies such as Twitter and Citrix, which hurt Bank of America and other competitors after markets hit turbulence.

War in Ukraine, inflation and U.S.-China tensions are all dividing major economies and making any coordinated response difficult.

More than $370 million worth of crypto funds appears to be missing, according to a crypto analytics firm.

Alameda Research CEO and senior FTX officials are said to have known that FTX had lent its customers’ money to Alameda to help it meet its liabilities.

The largest U.S. retailer and other industry giants are taking an increasingly aggressive stance with suppliers as the economy slows. “The world has turned.”

Ad giant Omnicom joins other agencies in recommending brands pause spending, and some companies halt discussions for annual contracts.

The Better Business Bureau has collected thousands of complaints from gamblers in recent years, some citing delays or glitches in getting money from FanDuel, DraftKings and BetMGM.

The company’s ‘Twitter Blue’ service, where a user could pay $7.99 a month for a blue check mark, no longer appears in iPhone apps.

Chief Executive Bob Chapek announced company-wide cost-cutting measures and told division leaders that layoffs are likely, according to an internal memo viewed by the Journal. The moves come days after Disney reported lackluster earnings.

The bankruptcy will likely wipe out billions of equity value, leaving investors with stiff losses. It will maroon the crypto and cash deposits belonging to a legion of customers. FTX faces investigations or asset freezes from regulators and prosecutors around the world.