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UPS is searching for its next CFO
UPS will look inside its own ranks and outside the company for a strategic finance chief as the company seeks raise demand. more
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FTX to pay out at least 118% of recognized claims to 98% of its creditors
FTX's reorganization plan promises 98% of creditors over 100% cash repayment, with a total distribution value up to $16.3 billion. The post FTX to pay out at least 118% of recognized claims to 98% … more
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After body blows from activist investor Nelson Peltz, Disney's Iger says streaming is 'on track' to profitability
Disney’s streaming unit lost $18 million this quarter, compared to a $659 million loss in the same quarter last year. more
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Small towns with affordable home prices beckon remote workers
An estimated 291,400 people last year migrated from other areas into America’s small towns and rural areas last year. more
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Billionaire Stan Druckenmiller says he'd give Bidenomics an ‘F’ because inflation almost came down before the Fed 'fumbled on the five-yard line’
The famed investor accused the Federal Reserve and the Biden administration of misdiagnosing the severity of the pandemic’s economic crisis. more
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Bitcoin Fan Jack Dorsey Takes Kendrick Lamar’s Side in Drake Beef
Who’s winning the Kendrick and Drake lyrical war? Dorsey says it’s no contest. more
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Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem
Founded at Harvard, Botanix Labs raises millions to build the first Bitcoin-native Layer 2 primitive with full EVM equivalence — Spiderchain. more
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Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act
The new bill, which seeks to protect the residents’ right to mine, own, and trade digital currencies, is at advanced stages in Nebraska, South Carolina, and Tennessee. [...] Read More... The … more
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Spain's Sabadell rejects BBVA takeover bid that would create a $75 billion bank
Sabadell's shares rose 7% in the week since it received its first surprise bid, while BBVA stock fell 8%. more
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Elon Musk’s doomerist hobby is falling to sleep at night listening to podcasts on the end of civilization
'There are many long dead civilizations. At some point our civilization will come to an end, too.' more
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British Microsoft-backed self-driving startup Wayve raises $1 billion, clocking new high in Europe-based AI funding deal
Wayve's latest funding round surpasses those of Europe's prominent generative AI startups like Mistral and Alepha Alpha. more
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Dylan LeClair Joins "MicroStrategy of Asia" as Director of Bitcoin Strategy
Metaplanet hired leading industry analyst Dylan LeClair to drive its corporate Bitcoin strategy, positioning itself as a "MicroStrategy of Asia" and pioneering public firm adoption in the region. more
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QCP Capital secures preliminary approval to operate in Abu Dhabi
QCP Capital secures initial approval to operate in Abu Dhabi, expanding its crypto options trading services to the Middle East. The post QCP Capital secures preliminary approval to operate in Abu … more
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SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering
Robinhood is scheduled to report its Q1 financials on May 8, and the analyst call may reveal further details regarding the company's SEC's issues. [...] Read More... The post SEC sends … more
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Bill aims to provide tax clarity on staking digital currencies
Rep. Drew Ferguson (R-GA) says the U.S.’ approach to digital asset rewards is overly complex, leading to confusion, double taxation, and overseas relocation of U.S. companies. [...] Read … more
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Boeing faces new FAA probe after aircraft maker reports that workers falsified inspection records on 787 planes
No planes have been taken out of service, but having to perform the test out of order on planes will slow the delivery of jets still being built at the final assembly plant in North Charleston, S.C. more
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Amazon records largest quarterly operating profit, boosted by AI
Amazon recorded $143.3 billion in Q1 revenue, beating Wall Street estimates, with its focus on AI “reaccelerating” growth for AWS, its cloud computing division. [...] Read More... The post … more
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EU partners with Japan to tackle digital IDs, AI
The EU's partnership with Japan isn't only geared toward supporting innovation and boosting their competitiveness in the tech space but is said to help even out the EU's AI playbook. [...] Read … more
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Janitors hired to clean a meat plant owned by $8 billion Perdue Farms used children for the work, regulators said
The Labor Department’s latest statistics indicate the number of children being employed illegally in the U.S. has increased 88% since 2019. more
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The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever
The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension. more
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Target treks off the beaten path amid sales slump—by selling its own-brand products at other retailers
The Minnesota-based retailer is expanding its partnership with Canadian department store Hudson’s Bay to sell its private-label children’s clothing line. more
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Amtrak no longer has to live ‘hand to mouth’ after being starved of funding for decades, CEO says
The passenger rail network is receiving $66 billion in funding from the bipartisan infrastructure bill—and is finally able to plan ahead. more
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Warren Buffett says he was ‘100% responsible’ for Berkshire Hathaway’s bad bet on Paramount: ‘We lost quite a bit of money’
“It was 100% my decision, and we sold it all,” the Oracle of Omaha said at Berkshire’s annual meeting on Saturday. more
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Why a Benioff acolyte left Salesforce after 15 years to lead a $3 billion HR software firm she thinks might one day be its rival 
AI has ushered in “a great era of augmentation," and Sarah Franklin, Lattice's new CEO, is poised to crest that wave. more
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Trump Media ejects its auditor after regulators find the firm falsified documents in 'massive fraud'
To settle the charges, accounting firm BF Borgers and owner Benjamin F. Borgers agreed to pay a combined $14 million in civil penalties and agreed to permanent suspensions, effective immediately. more
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