US Business

FTX’s founder said he couldn’t explain what happened to billions of dollars that customers of his failed cryptocurrency exchange sent to the bank accounts of his trading firm.

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting mode.

The proposal still needs to be approved by union leaders and then would have to be ratified by Delta’s pilots. But an agreement would set a bar for rivals that are also trying to hammer out new contracts.

The threat of a railroad strike this month revealed potential new risks of supply-chain disruptions just as pandemic-era bottlenecks were fading. 

Burned by Covid lockdowns and worker protests at Foxconn plants, the iPhone maker is looking to diversify the supply chain that has powered its growth.

Jeff Blackburn’s departure is expected to result in further leadership changes at Amazon’s global media and entertainment division.

If completed, the deal would be worth billions of dollars in revenue and mark a victory for the U.S. plane maker over its European rival Airbus.

Falling wind speeds in Europe are pushing power and gas prices higher, underscoring the heightened vulnerability of the continent’s energy system to weather conditions this winter.

Carriers including United, Delta and Southwest are banking on the new 737 MAX models to expand their flight networks and reduce fuel costs.

Demand has fallen for professionals in technology, legal, scientific and finance fields, as companies that ramped up staffing during the pandemic, including tech firms, slow down hiring or cut jobs.