A cryptocurrency startup that operates a popular online game called “Axie Infinity” said Tuesday that hackers stole more than $500 million worth of cryptocurrency. “Axie Infinity” publisher Sky Mavis Ltd. said on March 23, hackers infiltrated a part of its Ronin Network, which the game runs on. The infiltrators got access to accounts holding cryptocurrencies […]
FedEx Corp. FDX 1.54% founder Fred Smith is stepping down as chief executive of the company he started more than 50 years ago with a few planes and built into a global delivery network that moves millions of packages a day. Mr. Smith, 77 years old, is handing the CEO role to President and Chief […]
Apple Inc. AAPL 2.27% said a judge’s ruling that it was violating California’s unfair-competition law should be overturned because she had already found the iPhone maker’s in-app payment system was competitive. It is the Cupertino, Calif., company’s first full-throated filing laying out its argument in the appeals fight over its high-profile legal battle with “Fortnite” […]
Credit Suisse CS 0.19% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years fending off claims from Bidzina Ivanishvili, a former prime minister of Georgia. He sued the bank in Bermuda and Singapore for […]
SAN JOSE, Calif.—Ramesh “Sunny” Balwani was not in charge at Theranos Inc., and the blood-testing company was neither his idea nor his creation, his attorney told a jury Tuesday as the second criminal-fraud trial involving the defunct Silicon Valley startup got under way. The responsibility for the rise and fall of Theranos rests on founder […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit. Keon Enterprises, in Harrisburg, Pa., has paid as much as $3,180 for gas in recent weeks, up from about $1,500 […]
Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit. Keon Enterprises, in Harrisburg, Pa., has paid as much as $3,180 for gas in recent weeks, up from about $1,500 […]
The top gambling regulator in Nevada on Thursday delayed MGM Resorts MGM -0.55% International stakeholder Barry Diller’s licensing after federal authorities launched insider-trading investigations into his share purchases of Activision Blizzard Inc. Nevada Gaming Commission Chairwoman Jennifer Togliatti in a public meeting ordered that Mr. Diller’s application to be in the casino industry undergo “further […]
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