US Business

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.

The power, perks and demand that many workers at big tech companies enjoyed over the past decade are giving way to angst over layoffs and shrinking net worths.

Norwegian battery maker Freyr and Koch are accelerating a project in Georgia to tap U.S. government incentives.

Twitter suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company.