The U.S. Department of Justice and French authorities shut down a suspected money laundering destination for crypto criminals on Thursday. On Jan. 19, the Justice Department charged Anatoly Legkodymov, a Russian national and senior executive at Bitzlato, a Hong Kong-registered cryptocurrency exchange that operates globally, with “running a transmission business money that has transported and … Read more
Google’s headquarters are seen in Mountain View, California, U.S., September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Tech companies have laid off tens of thousands of workers in recent months as the industry grapples with reduced risk appetite from investors and rising borrowing costs. … Read more
French Economy and Finance Minister Bruno Le Maire spoke at a CNBC panel in Davos. Ludovic Marine | AFP | Getty Images DAVOS, Switzerland — The European Union disagrees with the United States when it comes to opposing China, the French finance minister told CNBC on Friday. Speaking during a panel at the World Economic … Read more
Google said on Friday it would lay off 12,000 of its workforce, adding to a slew of major US tech companies shedding jobs amid fears of a looming recession. Google CEO Sundar Pichai said in an email to company staff on Friday that the company would begin layoffs in the United States immediately. In other … Read more
Equity futures rose on Thursday as investors tried to hold on to January’s rally amid concerns over monetary policy and slowing earnings. Futures contracts linked to the Dow Jones Industrial Average rose 11 points, or 0.03%. S&P 500 and Nasdaq 100 futures gained 0.09% and 0.27% respectively. Nordström fell more than 5% in after-hours trading … Read more
CNN — Public health officials said they discovered two cases of gonorrhea that appear to have reduced susceptibility to all types of antibiotics available to treat them. This is the first time such antibiotic-resistant strains of gonorrhea have been identified in the United States. The increase in sexual activity during the pandemic, coupled with a … Read more
CNN — Anton Walkes, a defender for Major League Soccer team Charlotte FC, died of injuries sustained in a boating accident at the age of 25, the Florida Fish and Wildlife Conservation Commission (FWC) announced in a communicated. The FWC said that around 3 p.m. Wednesday, FWC officers witnessed an accident involving two vessels near … Read more
Jamie Dimon, chairman, CEO and chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on January 19, 2023. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Thursday that politicians should be serious about the debt ceiling as Congress remains locked in a political fight to raise the … Read more
Equity futures traded lower on Thursday, building on losses from the previous session, as rate and recession fears rattled market sentiment. Futures contracts linked to the Dow Jones Industrial Average fell 224 points, or 0.7%. S&P 500 and Nasdaq 100 futures lost 0.7% and 0.9% respectively. Wall Street is coming out of a losing session. … Read more
Press play to listen to this article Expressed by artificial intelligence. BERLIN/DAVOS — International efforts to ship modern Ukrainian tanks may depend on Germany — but it’s waiting for the United States to act first, which isn’t happening. Ahead of a meeting of Western defense ministers on Friday at the US Ramstein Air Base in … Read more
