Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve the problems that doomed their previous employer. Trek Labs, a Dubai-based startup led by the former FTX general counsel Can Sun, received a license from … Read more

Former NYSE President in Talks to Reboot FTX Exchange

Former NYSE President in Talks to Reboot FTX Exchange

A company run by former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed cryptocurrency exchange founded by Sam Bankman-Fried reaches its final stages. Bullish, the crypto exchange run by Farley, fintech startup Figure Technologies and crypto venture-capital firm Proof … Read more

Russia Turns to Longtime Arms Customers to Boost War Arsenal 

Russia Turns to Longtime Arms Customers to Boost War Arsenal 

Listen to article (2 minutes) Russia has sought to retrieve parts from defense systems it had exported to countries such as Pakistan, Egypt, Belarus and Brazil, as it tries to replenish the enormous stocks of weapons being expended for the war in Ukraine. Last April, a delegation of Russian officials visiting Cairo asked Egyptian President … Read more

Goldman Moves to Unload GM Credit Card

Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a … Read more

U.S. Plans $320 Million Weapons Transfer to Israel as Gaza Toll Mounts

U.S. Plans 0 Million Weapons Transfer to Israel as Gaza Toll Mounts

Updated Nov. 6, 2023 4:18 pm ET The Biden administration is planning a $320 million transfer of precision bombs for Israel, arranging a major weapons deal as President Biden and senior officials press Israel to do more to protect civilians in its military campaign in Gaza. The administration sent formal notification on Oct. 31 to … Read more

LVMH to Buy Eyewear Brand Favored by the Stars

LVMH to Buy Eyewear Brand Favored by the Stars

PARIS—LVMH Moët Hennessy Louis Vuitton has agreed to buy Los Angeles-based eyewear maker Barton Perreira, part of the luxury conglomerate’s push to extend its reach to goods with mass-market appeal.  Eyewear has emerged in recent years as one of the first purchases that aspiring luxury consumers make before moving on to more expensive items such … Read more

Michigan Rescinded Contract Offer to Jim Harbaugh After Sign-Stealing Allegations

Michigan Rescinded Contract Offer to Jim Harbaugh After Sign-Stealing Allegations

The University of Michigan has rescinded a new contract offer for head football coach Jim Harbaugh in the wake of a sign-stealing scandal that has rocked one of the favorites to play for college football’s national championship, according to a person familiar with the matter. The move is the first sign that the school may … Read more

UAW Expands Strike With GM After Reaching Tentative Agreement With Stellantis

UAW Expands Strike With GM After Reaching Tentative Agreement With Stellantis

Updated Oct. 28, 2023 7:19 pm ET The United Auto Workers called a fresh strike at a General Motors factory in Tennessee, a surprise walkout after negotiators had been working nearly around the clock to finalize a new contract this weekend. Workers at GM’s factory in Spring Hill, Tenn., were ordered to go on strike … Read more

LeBron James and Peyton Manning Plan Basketball Series Modeled on Netflix Hit ‘Quarterback’

LeBron James and Peyton Manning Plan Basketball Series Modeled on Netflix Hit ‘Quarterback’

Updated Oct. 23, 2023 7:14 pm ET Two of the biggest legends in sports, LeBron James and Peyton Manning, are looking to join forces in the entertainment world. James’s entertainment company, SpringHill, is in talks with Manning’s Omaha Productions to create a show—modeled on the hit Netflix series “Quarterback”—that would follow the lives of professional … Read more