SELECT LANGUAGE BELOW

FTX ordered to pay $12.7B to customers after SBF’s massive fraud

A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to customers, the Commodity Futures Trading Commission announced in a statement on Thursday. In March, FTX founder Sam Bankman Freed was sentenced to 25 years in prison for stealing $8 billion from clients. “The order requires FTX to pay $8.7 […]

What's behind the massive selloff in tech stocks?

Shares of big technology companies fell sharply on Monday morning amid a broader market sell-off. Nvidia was the biggest faller among the Magnificent Seven tech stocks, opening 14.2% down from Friday’s closing price. Tesla opened down 10.9%, Apple was down 9.6% and Amazon was down 8.2% at the start of trading. Meta, the parent company […]

IDF uncovers massive smuggling tunnel for vehicles on Gaza-Egypt border

The Israel Defense Forces have discovered a tunnel large enough for vehicles to pass through on the Gaza-Egypt border, officials said Sunday. The 10-foot-tall tunnel was discovered on the so-called Philadelphia Route last week during an Israeli Defense Forces visit to the area to search for a tunnel route believed to be used by Hamas […]

Cooler weather helps firefighters corral a third of massive California blaze

CHICO, Calif. — Firefighters battling California’s largest wildfire this year have contained a third of the flames, thanks in part to cooler temperatures, but the blaze could spread further if temperatures return to triple digits, fire officials said Sunday. Calorie counts are rising, and temperatures are dropping, giving firefighters a “great opportunity to make significant […]