When BlockFi’s marketing materials and sales agents said his investment was safe and redeemable at any time, he took them at their word.The Aftermath of FTX’s DownfallThe sudden collapse of the […]
Shutdowns (Institutional)
Trending topics and news from the Shutdowns (Institutional) category
Back to news homeRussia’s Economy Is Threatened by War and Sanctions
KALUGA, Russia— Valery Volodin, a welder at a sprawling Volkswagen plant in western Russia, relaxed for most of the summer at his dacha, or weekend house, planting his garden and […]
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
“Sam this is an excellent pick and I wholeheartedly hope you sign this tonight,” Mr. Dexter wrote in an email on the evening of Nov. 10. “The faster John is […]
China Protests Over ‘Zero Covid’ Follow Months of Economic Pain
The toll of China’s unwavering approach to fighting Covid has rippled through the world’s second-largest economy for months: Youth unemployment reached a record 20 percent, corporate profits sagged, and economic […]
Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.
When his cryptocurrency exchange started teetering in early November, Sam Bankman-Fried went on Twitter to calm everyone down. FTX was fine, he insisted. Nothing to worry about. Joining him in […]
Apple Could Be Short of iPhones Because of Factory Disruptions in China
Weeks after expressing optimism about the global economy and its business, Apple on Sunday warned that its sales would fall short of expectations because a key iPhone factory in China […]
Europe Braces for a Winter Without Russian Gas
Countries across the continent have taken extraordinary steps to decrease energy use and ramp up supply, moving swiftly away from their longtime primary provider, Russia. Read More
Tesla Sold 343,000 Vehicles in Third Quarter, an Increase
Tesla said on Sunday that it sold 343,830 electric vehicles worldwide in the third quarter, more than the same period a year ago, when it delivered 241,391 vehicles.The company said […]
Britain’s Pubs Are Threatened by ‘Alarming’ Rise in Energy Bills
LONDON — With every day that passes, Lindsey Armstrong’s dilemma gets worse as Britain’s energy crisis closes in on her pub.By the beginning of October, she must renew her electricity […]
Nuclear Power Gets New Push in U.S., Winning Converts
Ms. Capito has argued that coal-fired power plants, which have been closing as the nation moves away from fossil fuel sources, could become sites for nuclear reactors. That would provide […]