Terraform Labs files for bankruptcy following crash of its stablecoins in 2022
Terraform Labs filed for chapter 11 bankruptcy protection Sunday, following the collapse of its TerraUSD and Luna crypto coins in 2022. In a statement, Singapore-based Terraform said it took the “strategic step” of filing in Delaware bankruptcy court so it could continue to operate while resolving its “legal challenges.” Terraform co-founder Do Kwon has been […]
U.S. recession, AI, China economy
A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis Balibouse Denis Balibouse | Reuters The 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Billionaires and world leaders are flying home from Zurich or taking long weekends to ski in […]
Ron DeSantis ends presidential campaign by misquoting Winston Churchill
““Success is not final, failure is not fatal: it is the courage to continue that counts.”” That was the quote, purportedly from Winston Churchill, that Florida Gov. Ron DeSantis used in a video Sunday announcing he was suspending his Republican presidential bid. One problem: Churchill apparently never said that. The International Churchill Society, which celebrates […]
December home sales slump to close out worst year since 1995
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than […]
JetBlue-Spirit ruling doesn’t spell doom for Alaska-Hawaiian merger
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images President Joe Biden’s Justice Department has successfully had two airline linkups halted in court in recent months. That doesn’t necessarily spell […]
Stock-market investors face another ugly election. Does history offer comfort?
Here’s some good news for investors fretting over what promises to be a highly contentious 2024 U.S. presidential election: History shows stocks tend to rally in the year before Election Day. But there’s a rub, noted Saira Malik, chief investment officer at Nuveen, which has $1.2 trillion in assets under management: While the S&P 500 […]
Shoppers deal with holiday debt
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images When she started shopping for the holidays late last year, Kiki Andersen was struggling to buy her loved ones gifts. So she turned to a novel solution to get through the season: Buy now, pay later. The 31-year-old comedian […]
I want my son to inherit my $1.2 million house. Should I leave it to my second husband in my will? He promised to pass it on.
My husband and I signed a prenuptial agreement before we married. This is my second marriage, his first. He has no children. I have one child who was an adult when we married so there was no need for my current husband to adopt him. My husband and I live in a home that I […]
Delta CEO confident about Max 10 order
Delta Air Lines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta. Camilo Freedman | Lightrocket | Getty Images Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier’s CEO told CNBC on Friday. The […]
49ers QB Brock Purdy made less money this year than 16 college football players
Brock Purdy signed a four-year contract with the San Francisco 49ers in 2022 that turned out to be one of the biggest bargains in the league today. Because Purdy, 24, was drafted with the last pick in the seventh round of the NFL draft in 2022, he’s locked into a lower yearly salary for his […]
