Tesla stock rose nearly 8% on Wednesday after hitting a 52-week low the day before. The rally came after Citi analysts upgraded the stock and Tesla CEO Elon Musk indicated that South Korea is a top candidate for a new factory the company hopes to build in Asia.   The recovery is welcome news...

Since taking over Twitter last month, Elon Musk has announced significant, albeit perplexing, plans for the social network.   Musk wants to significantly increase the company's subscription revenue while also allowing more "free speech," which appears to mean restoring previously banned...

Credit Suisse forecast a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss on Wednesday as it embarks on a massive strategic overhaul.   Last month, the beleaguered lender announced a slew of measures aimed at addressing persistent underperformance in its investment bank as well as...

According to official property records, Sam Bankman-FTX, Fried's parents, and senior executives of the failed cryptocurrency exchange purchased at least 19 properties in the Bahamas worth nearly $121 million over the last two years.   The majority of FTX's purchases were luxury beachfront...

Elon Musk, the CEO of Twitter, announced on Monday evening that the company intends to postpone the relaunch of its $8 per month Blue Verified service. According to Musk, Twitter will "likely use a different color check for organizations than for individuals."   Twitter Blue, which Musk...

Right at the beginning of this week, shares of crypto exchange Coinbase touched its lowest value since its IPO was launched in April 2021, as the trend of the slide of the stocks continued.     The 8% slide in its shares on Monday comes as bitcoin's slump continues, and investors are...

In a poll run by the new owner Elon Musk, Donald Trump said on Saturday that he had no interest in returning to Twitter, despite a slim majority of voters supporting his reinstatement after being banned for inciting violence.   51.8% of the slightly more than 15 million Twitter users who...

Even as Bahamian regulators and FTX argue in court filings and press releases about whether the bankruptcy filing should take place in New York or Delaware, the bankrupt cryptocurrency exchange said on Saturday that it is looking to sell or restructure its vast global empire.   “Based on our...

According to reports citing data from business insiders and programmers who were fired or resigned this week, Elon Musk, the new owner of the microblogging website Twitteractions’ at the company soon after he acquired it has caused an exodus of software engineers who keep the world's de-facto...

Elon Musk said on Wednesday that he expects to spend less time at Twitter and eventually find a new leader to lead the social media company, and that he hopes to complete an organizational restructuring this week.   Musk made the comments while testifying in a Delaware court to defend...

Sam Bankman-Fried, the founder of the defunct crypto exchange FTX, said in an interview with Vox that he regretted his decision to file for bankruptcy and criticized regulators.   Later on Twitter, Bankman-Fried stated that the basis of the interview, an exchange of messages on the same...