NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning description of FTX’s operations […]

NEW YORK (AP) – Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. The company said Wednesday that it will increase the amount of liability coverage for hosts, up to $3 million, in a play for owners of […]

NEW YORK (AP) — Elon Musk says Twitter is a software and servers company at its heart and wants employees to decide by Thursday evening if they want to remain a part of the business, according to an email the new owner sent to Twitter workers. Musk wrote that employees “will need to be extremely […]

NEW YORK (AP) — Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get an idea of how messy FTX’s bankruptcy case could be. Other crypto firms are failing as a result of FTX’s unraveling, events reminiscent of the domino-like meltdowns of the 2008 financial crisis. Users remained frustratingly in the dark […]

LOS ANGELES (AP) — The California house where Steve Jobs co-founded Apple is a historical site, and now the sandals he wore while pacing its floors have been sold for nearly $220,000, according to an auction house. The “well used” brown suede Birkenstocks dating to the mid-1970s set a record for the highest price ever […]

NEW YORK (AP) — Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune. Bezos, whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion, made the announcement in a joint CNN interview with his […]

NEW YORK (AP) — The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement. The FTX Foundation — and other related nonprofits mostly funded by Bankman-Fried and other top FTX executives […]

Climeatech MEA, brainchild of two lawyers who met at State Comptroller's office, looks to build network of climate change actors working in energy, water and food security

NEW YORK (AP) – Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says will be a better, safer user experience. The latest erratic […]

(AP) – He may be good with rockets and electric cars, but don’t turn to Elon Musk for public health predictions. “Probably close to zero new cases in US too by end of April,” the world’s richest man tweeted about COVID-19 in March 2020, just as the pandemic was ramping up. It’s one of many […]