business

Crypto ‘smart’ money? Big traders fell for Sam Bankman-Fried

I was shocked when I first learned how a hot mess like Sam Bankman-Fried got away with convincing so many seemingly smart people — big money managers, venture capitalists and all those celebrity ambassadors — that he was such a boy genius of investing, they should turn over lots of money for him to play …

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From CNN to Paramount, Perfect Storm in Media Propels Layoffs

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode. News organizations, TV networks, movie and television studios, and entertainment giants laid off hundreds of workers over the past week alone, including Warner Bros. Discovery Inc.’s WBD -0.69% CNN and Paramount Global PARA …

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Antisemitic celebrities stoke fears of normalizing hate

A surge of anti-Jewish vitriol, spread by a world-famous rapper, an NBA star and other prominent people, is stoking fears that public figures are normalizing hate and ramping up the risk of violence in a country already experiencing a sharp increase in antisemitism . Leaders of the Jewish community in the US and extremism experts …

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AWS faces cost-sensitive customers at Reinvent as economic fears mount

Amazon Web Services has been the biggest growth engine for its parent company over much of the past decade, taking business from some of the largest tech vendors in the world. But as corporations face the most daunting economic environment since the 2008 financial crisis, those massive checks they’re writing to AWS for their tech …

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Forget smartwatches, consumers are buying up these quirky, wearable alternative devices

CNN — In 2015, the same year Apple introduced its smartwatch, a Kickstarter campaign launched for a very different kind of wearable device: a wellness-tracking ring called the Oura. Seven years later, the Apple Watch is the most popular wearable device while other similar products from Google and Samsung also dominate the wearables market. But …

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Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper

Hi, MarketWatchers. Don’t miss these top stories. Greenest holiday ever? Here’s how to rent a sustainable Christmas tree There are ways to make ‘greener’ choices with your holiday evergreen. Read More Retail and warehousing jobs actually fell in November. It reveals a lot about the typical holiday shopper. Month to month, retail employment declined 30,000, …

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G-7 joins EU on $60-per-barrel price cap on Russian oil

WASHINGTON (AP) — The Group of Seven Nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. Europe …

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Here’s how much US home prices will plunge in current market bubble

US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector can get back on track with historical trends, a research firm warned this week. The most recent correction cycles that occurred in the US housing market, such as a bubble in …

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NBA trades: The sneakiest great deals of the last decade

Jeff Hanisch-USA TODAY Sports This trade was originally viewed as the Brandon Jennings for Brandon Knight trade, but it is now remembered for a guy who was thrown in named Chris Middleton. Middleton’s ascent to being a perennial All-Star, one of the league’s most efficient high-volume scorers, and a major contributor to bringing Milwaukee’s first …

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