Business News

FTX Founder and former CEO, Sam Bankman-Fried, was arrested in Nassau, Bahamas on Monday evening. The arrest was a result of a magistrate judge signing an emergency warrant for his arrest requested by prosecutors with the U.S. Attorney’s Office in New York.  “Bankman-Fried is facing multiple criminal charges in the United States including, securities fraud, campaign finance violation and money laundering over the implosion of his...

A Twitter account dedicated to tracking where Elon Musk’s private jet touches down has been suspended.  The account, @ElonJet, amassed more than half a million followers and was created by 20-year-old college student, Jack Sweeney. Sweeney announced on his personal Twitter account on Wednesday that @ElonJet had been suspended.  A month ago, Musk acknowledged the account and pledged he would keep it running even though it posed...

The Wall Street Journal announced on Monday that Emma Tucker would be its next editor-in-chief. Tucker will be the first woman to lead the business publication in its 133 years.  Tucker, who is currently serving as the editor of The Sunday Times, will replace the present Wall Street Journal editor, Matt Murray at the beginning of February.  Murray will move on to a senior position at News...

After the first sale period for Taylor Swift’s “The Era’s Tour” triggered a major backlash, Ticketmaster announced there might be hope for some fans who were not able to purchase a ticket.  Ticketmaster announced on Monday that at the request of Swift’s team, some fans might have a limited opportunity to purchase tickets. To receive the email invitation, fans must have previously registered as “verified.” According to...

Former Twitter employees have filed a lawsuit against the social media company alleging wrongful termination after Elon Musk took over and issued mass layoffs.  Last week, a group of employees decided to speak out, claiming that the layoffs have “triggered multiple labor rights violations,” according to CNN.  All four lawsuits that were filed against Twitter are seeking class-action status and allege that “Twitter reneged on promises to...

Rivian announced on Monday that it would be halting the plans to manufacture electric vans and would “no longer pursue” its previous agreement made with Mercedes.  The two companies signed their original agreement in September and Rivian stated it would still be open to working with Mercedes in the future “at a more appropriate time.”  As for a reason why Rivian decided to pull out of the...

Amazon has added another task to Alexa’s capabilities. The device can now tip your Amazon delivery driver with just one simple command! Amazon introduced “Alexa, thank my driver” as a simple and easy way to show appreciation to delivery drivers during the busy holiday season.  Amazon will be tipping each driver $5 per thank-you received. This driver appreciation project started on Dec. 7 and the company will...

Even though inflation has shot prices through the roof, that is not going to stop people from spending this holiday season.  According to the National Retail Federation, holiday retail sales are predicted to be an astounding $960 billion. That price is significantly higher than last year’s total of $889 billion.  The latest Holiday Retail Study done by Deloitte, predicts that the average American is expected to spend...

On Thursday, Airbnb announced plans to cut down on rowdy parties this New Year’s Eve by implementing “heightened rules and technologies aimed at helping to stop unauthorized parties over New Year’s Eve in 11 countries.”  The rental company is forbidding certain users from booking entire properties for one night in an attempt to cut down on unwarranted celebrations this year. According to the company’s statement, “These restrictions...

Disney has officially launched its ad-supported tier, Disney+ Basic, just one month after Netflix launched a similar program.  The new tier costs $7.99 monthly compared to the ad-free version of Disney+ which costs $10.99. Disney’s ad-supported tier has been in the works for months after first being announced in March. President of Direct to Consumer, Michael Paull, said in a statement “Today’s launch marks a milestone moment...