Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC
Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims....
Bitcoin network difficulty reaches record high amid price volatility
Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677 EH/s on July...
What Spirit Airlines’ new premium bundles mean for the future of its ultra-low-cost fares
The discount airline’s new price tiers will be available for sale starting Aug. 16.
Walgreens continues to shed stake in Cencora as it looks to bolster turnaround
Proceeds from the stock sale will be used to pay down Walgreens Boots Alliance’s debt.
Amazon’s stock flashes this downtrend warning for the first time in over a year
Amazon’s stock has fallen Friday below a widely followed long-term trend tracker, to flash a warning that a downtrend may have started.
Money is flowing into big-bank bonds during Friday’s stock-market plunge
The market movements suggest that investors are selling stocks and putting the money into bank bonds in search of yield.
Gasoline prices are lower than they were a year ago. Here’s why.
Gasoline prices at the pump are cheaper than you think. Drivers are paying rougly 8% less than a year ago, with a month left in...
Jeff Bezos’ family office is making big investments in AI
Bezos Expeditions has always tilted heavily toward tech. Fully 70% of his family office investments are in technology, according to FINTRX.
Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
CEO Ed Bastian earlier this week said the massive IT outage cost the company about $500 million.